SALI501(c)(7) · MEDIUMNAICS 713910EIN 56-0616766
Country Club Of Salibury Inc
Salisbury, NC · founded 1974
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.09M
▲ 6.6% YoY
FY23 Total Expenses
$3.46M
▲ 3.9% YoY
Operating Margin
15.4%
revenue minus expenses ÷ revenue
Employees
89
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.1M
▲ 36.8% / 5y
Expenses
$3.5M
▲ 23.8% / 5y
Total Assets
$6.1M
▲ 97.8% / 5y
Total Liabilities
$1.1M
▲ 41.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.0M | $3.7M | $3.7M | $3.8M | $4.1M | +36.8% |
| Expenses | $2.8M | $2.8M | $2.8M | $3.3M | $3.5M | +23.8% |
| Net surplus | $196K | $844K | $844K | $507K | $631K | +222.6% |
| Total assets | $3.1M | $4.6M | $4.6M | $4.9M | $6.1M | +97.8% |
| Total liabilities | $745K | $681K | $681K | $552K | $1.1M | +41.9% |
| Net assets | $2.3M | $3.9M | $3.9M | $4.4M | $5.0M | +115.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 10 unpaid officers/directors as reported (AMES FLYNN, BOBBY HONEYCUTT, CHRISTOPHER BRADSHAW, +7 more)
All 10 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 |
|---|---|
| FOOD, BAR, GOLF, TENNIS &POOL | $1,719,258 |
| DUES | $1,531,787 |
| CENTENNIAL CONTRIBUTIONS | $378,786 |
| CAPITAL DUES | $287,841 |
| NONMEMBER USE OF FACILITIES | $153,246 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$4.6M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $70,959 |
| Depreciation & depletion | $463,774 |
| Information technology | $29,281 |
| Office expenses | $14,462 |
| Accounting fees | $55,494 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE COUNTRY CLUB OF SALISBURY 401(K) PLAN
pension · 2 participants · $155K assets · FY2024
CFounded in 1974, Country Club Of Salibury Inc reported $4.09M of revenue for FY23, at an operating margin of 15.4%. Revenue moved up 6.6% 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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