KINS501(c)(7) · MEDIUMNAICS 713910EIN 56-0509760
Kinston Country Club Inc
Kinston, NC · founded 1950
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.25M
▼ 22.2% YoY
FY23 Total Expenses
$1.31M
▲ 4.4% YoY
Operating Margin
-5.1%
revenue minus expenses ÷ revenue
Employees
63
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.2M
▲ 22.0% / 5y
Expenses
$1.3M
▲ 18.7% / 5y
Total Assets
$984K
▼ 5.5% / 5y
Total Liabilities
$214K
▼ 67.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.0M | $1.2M | $1.2M | $1.6M | $1.2M | +22.0% |
| Expenses | $1.1M | $1.2M | $1.2M | $1.3M | $1.3M | +18.7% |
| Net surplus | -$83K | $91K | $91K | $346K | -$64K | -22.4% |
| Total assets | $1.0M | $1.1M | $1.1M | $1.0M | $984K | -5.5% |
| Total liabilities | $668K | $589K | $589K | $209K | $214K | -67.9% |
| Net assets | $373K | $488K | $488K | $834K | $769K | +106.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (AMANDA ALBRITTON, ASHLEY MILLS, BARNES THOMPSON, +9 more)
All 12 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| DUES & ASSESSMENTS | $934,860 |
| GREEN FEE/CART RENT-UNRELATED | $56,049 |
| GREEN FEE/CART RENT- RELATED | $46,174 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$746K
book value, net of depreciation
Facility age
84%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $64,260 |
| Occupancy | $111,299 |
| Depreciation & depletion | $52,118 |
| Accounting fees | $2,929 |
KFounded in 1950, Kinston Country Club Inc reported $1.25M of revenue for FY23, at an operating margin of -5.1%. Revenue moved down 22.2% 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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