Cherokee Country Club
- Assets
- $33.9m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 435
- Location
- Knoxville, TN
- Founding
- 03/1942
- Data as of
- 03/2022
- 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 03/2022, Cherokee Country Club employed 435 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 03/2022, Cherokee Country Club generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $9.2m during the year ending 03/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
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 2022, CHEROKEE COUNTRY CLUB SERVED APPROXIMATELY 929 MEMBERS, THEIR FAMILIES, AND GUESTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micah Shawn Wilkes Chief Operating Officer | Officer | 40 | $275,383 |
Neal Stapp Director Of Tennis | 40 | $264,442 | |
Donald Jones Director Of Golf | 40 | $185,556 | |
Tracey Prince Controller | Officer | 40 | $146,650 |
Chris Karges Associate Tennis Director | 40 | $146,396 | |
David Pinckney Executive Chef | 40 | $143,261 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Training Llc Personal | 3/30/22 | $221,575 |
Tennessee Stone Construction | 3/30/22 | $140,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $990,199 |
| 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 | $990,199 |
| Total Program Service Revenue | $10,513,928 |
| Investment income | $2,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,525 |
| Net Gain/Loss on Asset Sales | -$13,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,523,295 |
| 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. | $445,490 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,653,874 |
| Pension plan accruals and contributions | $119,665 |
| Other employee benefits | $718,125 |
| Payroll taxes | $432,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,950 |
| Fees for services: Accounting | $35,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,157 |
| Advertising and promotion | $124,134 |
| Office expenses | $100,670 |
| Information technology | $150,073 |
| Royalties | $0 |
| Occupancy | $427,929 |
| Travel | $7,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,243 |
| Interest | $27,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,556,664 |
| Insurance | $149,166 |
| All other expenses | $35,704 |
| Total functional expenses | $9,163,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $717,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,444,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $759,363 |
| Prepaid expenses and deferred charges | $23,663 |
| Net Land, buildings, and equipment | $24,247,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,743,052 |
| Total assets | $33,935,565 |
| Accounts payable and accrued expenses | $2,665,043 |
| Grants payable | $0 |
| Deferred revenue | $524,018 |
| 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 | $7,046,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $591,974 |
| Total liabilities | $10,827,306 |
| Net assets without donor restrictions | $23,108,259 |
| 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 | $33,935,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |