PLIN501(c)(7) · MEDIUMNAICS 713910EIN 56-0620324
Pine Lake Country Club Inc
Charlotte, NC · founded 1965
13 filings on recordFY 2012–2022medium confidence
Compare to peers →FY22 Total Revenue
$4.17M
▲ 11.3% YoY
FY22 Total Expenses
$3.88M
▲ 31.5% YoY
Operating Margin
7.0%
revenue minus expenses ÷ revenue
Employees
125
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$4.2M
▲ 57.1% / 5y
Expenses
$3.9M
▲ 42.4% / 5y
Total Assets
$4.8M
▲ 74.0% / 5y
Total Liabilities
$3.8M
▲ 1.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.8M | $3.7M | $3.7M | $4.2M | +57.1% |
| Expenses | $2.7M | $2.6M | $3.0M | $3.0M | $3.9M | +42.4% |
| Net surplus | -$71K | $126K | $797K | $797K | $292K | -514.0% |
| Total assets | $2.7M | $2.6M | $3.9M | $3.9M | $4.8M | +74.0% |
| Total liabilities | $3.8M | $3.5M | $3.4M | $3.4M | $3.8M | +1.5% |
| Net assets | -$1.0M | -$885K | $540K | $540K | $962K | -195.1% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BETHANY FIELD Controller· 40h/wk | $70,237 | $4,293 |
SHARON TAYLOR CEO· 40h/wk | $67,210 | $3,285 |
+ 11 unpaid officers/directors as reported (AARON HELMS, BETH HANRAHAN, BILL MATHERS, +8 more)
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES AND ASSESSMENT | $2,612,753 |
| GOLF REVENUE | $628,525 |
| GOLF REVENUE | $95,879 |
| OTHER REVENUE | $51,422 |
| SPORTS AND RECREATION | $28,955 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$2.3M
▼ $33K paid down
Net land, buildings & equipment
$2.2M
book value, net of depreciation
Facility age
73%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $67,196 |
| Occupancy | $192,758 |
| Depreciation & depletion | $183,510 |
| Information technology | $31,457 |
| Advertising & promotion | $3,086 |
| Office expenses | $120,137 |
| Other professional fees | $164,106 |
PFounded in 1965, Pine Lake Country Club Inc reported $4.17M of revenue for FY22, at an operating margin of 7.0%. Revenue moved up 11.3% 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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