Club Index›NC›CFAP

MoreRankings The Ledger Methodpublic IRS Form 990 records

The Annual Register

Country Club Intel

The Annual Register

Country Club Intel

Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$3.0M

▼ $660K paid down

Net land, buildings & equipment

$23.4M

book value, net of depreciation

Facility age

43%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$482,036
Occupancy	$280,846
Depreciation & depletion	$1,559,877
Office expenses	$97,834
Other professional fees	$151,353

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

CAPE FEAR COUNTRY CLUB 401 (K) PLAN

pension · 94 participants · $3.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

+ 10 more · via ProPublica

The Quarterly · free