CFAP501(c)(7) · MEDIUMNAICS 713910EIN 56-0161700
Cape Fear Country Club Inc
Wilmington, NC · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.74M
▲ 5.1% YoY
FY23 Total Expenses
$11.06M
▲ 9.4% YoY
Operating Margin
5.7%
revenue minus expenses ÷ revenue
Employees
317
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.7M
▲ 49.7% / 5y
Expenses
$11.1M
▲ 35.5% / 5y
Total Assets
$26.4M
▼ 0.1% / 5y
Total Liabilities
$4.1M
▼ 52.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.8M | $10.3M | $10.3M | $11.2M | $11.7M | +49.7% |
| Expenses | $8.2M | $8.5M | $8.5M | $10.1M | $11.1M | +35.5% |
| Net surplus | -$327K | $1.8M | $1.8M | $1.1M | $674K | -305.8% |
| Total assets | $26.4M | $25.2M | $25.2M | $26.2M | $26.4M | -0.1% |
| Total liabilities | $8.5M | $4.7M | $4.7M | $4.6M | $4.1M | -52.3% |
| Net assets | $17.9M | $20.6M | $20.6M | $21.6M | $22.3M | +24.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Mary Geiss General Manager· 50h/wk | $271,149 | $14,623 |
Laird Dunlop Director of Racquets· 50h/wk | $158,201 | $6,009 |
Ted Smith Director of Agronomy· 50h/wk | $155,356 | $8,767 |
Robert Murray Executive Chef· 50h/wk | $146,573 | — |
Sarah Matheny Chief Financial Officer· 50h/wk | $138,116 | $7,504 |
Chris Byrd Director of Golf· 50h/wk | $118,092 | $15,747 |
Dan Royall Clubhouse Manager· 50h/wk | $116,385 | — |
Susan Clayton Health and Wellness Director· 50h/wk | $115,739 | $3,635 |
+ 12 unpaid officers/directors as reported (Bill Squire, Hill Rogers, Holly Bullard, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Membership Dues and Assessmen | $7,156,439 |
| Sports Activities | $1,434,550 |
| Other | $174,995 |
| Locker Rental | $57,645 |
CFounded in 1945, Cape Fear Country Club Inc reported $11.74M of revenue for FY23, at an operating margin of 5.7%. Revenue moved up 5.1% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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