Cherokee Country Club
- Assets
- $37.3m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 424
- Location
- Knoxville, TN
- Founding
- 03/1942
- Data as of
- 03/2024
- EIN
- 62-0157080
Organization Overview
Cherokee Country Club is located in Knoxville, TN. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2024, Cherokee Country Club employed 424 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2024, Cherokee Country Club generated $13.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $11.2m during the year ending 03/2024. While expenses have increased by 3.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL FACILITIES AND ACTIVITIES FOR MEMBERS, THEIR FAMILIES, AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1907, CHEROKEE COUNTRY CLUB HAS A LONG TRADITION OF DEDICATION TO ENRICHING THE LIVES OF ITS MEMBERS AND THEIR FAMILIES BY PROVIDING THE FINEST IN DINING, SOCIAL AND RECREATIONAL INTERESTS IN A PRIVATE CLUB ENVIRONMENT. NESTLED ON A BEND IN THE TENNESSEE RIVER, WITH SWEEPING VIEWS OF THE SMOKY MOUNTAINS, CHEROKEE COUNTRY CLUB IS AN UNPRECEDENTED PRIVATE CLUB. IT FEATURES A BREATHTAKING 18-HOLE DONALD ROSS GOLF COURSE, TENNIS COURTS AND A SWIMMING POOL ALONG WITH AN EXTENSIVE CLUBHOUSE. HAVING JUST COMPLETED A MASSIVE RENOVATION, CHEROKEE COUNTRY CLUB TRULY IS KNOXVILLE'S PREMIERE PRIVATE CLUB.DURING FISCAL YEAR 2024, CHEROKEE COUNTRY CLUB SERVED APPROXIMATELY 999 MEMBERS, THEIR FAMILIES, AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willaim Roach President | Trustee | 1 | $0 |
Chip Mcdowell Vice President | Trustee | 1 | $0 |
Daivd Ownby Treasurer | Trustee | 1 | $0 |
Todd Stamper Secretary | Trustee | 1 | $0 |
Mark Williams Immediate Past President | Trustee | 1 | $0 |
Jeff Lee Senior Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Training Llc Training | 3/30/24 | $329,740 |
Green Arbor Supply Supply | 3/30/24 | $177,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,538,732 |
| Investment income | $143,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $609,415 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,291,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $572,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,357,585 |
| Pension plan accruals and contributions | $132,819 |
| Other employee benefits | $588,527 |
| Payroll taxes | $558,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,004 |
| Fees for services: Accounting | $15,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,936 |
| Advertising and promotion | $61,585 |
| Office expenses | $86,993 |
| Information technology | $178,326 |
| Royalties | $0 |
| Occupancy | $501,058 |
| Travel | $8,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,799 |
| Interest | $287,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,102,295 |
| Insurance | $258,441 |
| All other expenses | $31,133 |
| Total functional expenses | $11,220,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,738,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,836,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,026,993 |
| Prepaid expenses and deferred charges | $13,656 |
| Net Land, buildings, and equipment | $30,377,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,701 |
| Total assets | $37,312,125 |
| Accounts payable and accrued expenses | $1,842,275 |
| Grants payable | $0 |
| Deferred revenue | $621,303 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,576,684 |
| Other liabilities | $703,589 |
| Total liabilities | $10,743,851 |
| Net assets without donor restrictions | $26,568,274 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,312,125 |