MHRH501(c)(7) · MEDIUMNAICS 713910EIN 56-0640464
Mimosa Hills Golf Club Inc Golf Course Rd Hwy 181
Morganton, NC · founded 1961
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.82M
▲ 0.1% YoY
FY23 Total Expenses
$1.81M
▲ 6.0% YoY
Operating Margin
0.6%
revenue minus expenses ÷ revenue
Employees
59
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.8M
▲ 20.1% / 5y
Expenses
$1.8M
▲ 40.2% / 5y
Total Assets
$1.2M
▲ 47.0% / 5y
Total Liabilities
$703K
▲ 4.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.5M | $1.8M | $1.8M | $1.8M | +20.1% |
| Expenses | $1.3M | $1.3M | $1.5M | $1.7M | $1.8M | +40.2% |
| Net surplus | $226K | $226K | $254K | $111K | $11K | -95.3% |
| Total assets | $831K | $831K | $1.1M | $1.2M | $1.2M | +47.0% |
| Total liabilities | $670K | $670K | $703K | $657K | $703K | +4.9% |
| Net assets | $161K | $161K | $396K | $505K | $518K | +222.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROGER MOON General Manager· 30h/wk | $33,598 | — |
+ 9 unpaid officers/directors as reported (CHARLES KIRKSEY, DAVID TAYLOR, DUANE BOCK, +6 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 |
|---|---|
| GOLF INCOME | $284,303 |
| DINING INCOME | $224,157 |
| NON-MEMBER GOLF REVENU | $116,392 |
| NON-MEMBER CATERING RE | $19,129 |
| MEMBER CATERING REVENU | $9,920 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$453K
▲ $14K new borrowing
Net land, buildings & equipment
$617K
book value, net of depreciation
Facility age
84%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $150 |
| Occupancy | $99,597 |
| Depreciation & depletion | $68,735 |
| Information technology | $7,481 |
| Advertising & promotion | $2,339 |
| Office expenses | $20,308 |
| Legal fees | $4,898 |
| Accounting fees | $4,000 |
| Other professional fees | $34,233 |
MFounded in 1961, Mimosa Hills Golf Club Inc Golf Course Rd Hwy 181 reported $1.82M of revenue for FY23, at an operating margin of 0.6%. Revenue moved up 0.1% 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
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