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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

GAST501(c)(7) · MEDIUMNAICS 713910EIN 56-0232825

Gaston Country Club Inc

Gastonia, NC · founded 1939

12 filings on recordFY 2011–2022medium confidence

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FY22 Total Revenue

$6.99M

▲ 29.1% YoY

FY22 Total Expenses

$5.71M

▲ 18.4% YoY

Operating Margin

18.2%

revenue minus expenses ÷ revenue

Employees

161

headcount as reported on filing

The Five-Year Picture

FY2018 — FY2022 · as filed

Revenue

$7.0M

▲ 29.6% / 5y

Expenses

$5.7M

▲ 10.7% / 5y

Total Assets

$8.9M

▲ 38.0% / 5y

Total Liabilities

$1.1M

▼ 18.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY18	FY19	FY20	FY21	FY22	Δ total
Revenue	$5.4M	$5.3M	$5.4M	$5.4M	$7.0M	+29.6%
Expenses	$5.2M	$5.2M	$4.8M	$4.8M	$5.7M	+10.7%
Net surplus	$232K	$144K	$585K	$585K	$1.3M	+449.5%
Total assets	$6.5M	$6.4M	$7.5M	$7.5M	$8.9M	+38.0%
Total liabilities	$1.3M	$1.1M	$914K	$914K	$1.1M	-18.4%
Net assets	$5.2M	$5.3M	$6.6M	$6.6M	$7.9M	+52.1%

Officer & staff compensation

FY22 · from IRS Form 990

Officer · Employee	Reportable	Other
Daniel Smith General Manager· 70h/wk	$129,105	$3,329
Timothy Carpenter Golf Superintenent· 55h/wk	$115,403	$15,046
Christopher Buck Controller· 45h/wk	$87,775	$15,741
James Sides Former GM· 0h/wk	$41,052	$5,937

+ 11 unpaid officers/directors as reported (Bob Spencer, Christian Doring, Greg Botner, +8 more)

Top contractors

FY22 · vendors paid $100k+ as reported

Vendor	Service	Paid
Custom Building Systems Gastonia, NC	Construction & renovation	$154,676

Revenue by activity

FY22 · dues, greens fees, dining, and other sources

Line item	Amount
Membership Dues & Assessments	$4,095,682
Food and Beverage	$1,527,047
Golf Revenue	$869,030
Tennis and swimming	$143,755
Other Fees	$28,862

Balance sheet & capital

FY22 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$5.8M

book value, net of depreciation

Facility age

53%

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

FY22 · Form 990, Part IX

Management fees	$0
Insurance	$57,999
Occupancy	$196,504
Depreciation & depletion	$450,230
Information technology	$0
Advertising & promotion	$42,262
Office expenses	$0
Legal fees	$0
Accounting fees	$0
Other professional fees	$124,932

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.

GFounded in 1939, Gaston Country Club Inc reported $6.99M of revenue for FY22, at an operating margin of 18.2%. Revenue moved up 29.1% 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, 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)

▸ Form 990, FY2020 · period ending Thu Dec 31 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

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