COLO501(c)(7) · MEDIUMNAICS 713910EIN 56-0685943
The Colonial Country Club Inc
Thomasville, NC · founded 1968
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.64M
▲ 23.7% YoY
FY23 Total Expenses
$2.84M
▲ 34.0% YoY
Operating Margin
-7.7%
revenue minus expenses ÷ revenue
Employees
80
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2023 · as filed
Revenue
$2.6M
▲ 62.3% / 5y
Expenses
$2.8M
▲ 59.6% / 5y
Total Assets
$2.3M
▼ 9.5% / 5y
Total Liabilities
$1.7M
▲ 43.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.6M | $1.6M | $1.4M | $2.1M | $2.6M | +62.3% |
| Expenses | $1.8M | $1.8M | $1.7M | $2.1M | $2.8M | +59.6% |
| Net surplus | -$155K | -$179K | -$267K | $13K | -$203K | +30.9% |
| Total assets | $2.5M | $2.3M | $2.2M | $2.3M | $2.3M | -9.5% |
| Total liabilities | $1.2M | $1.1M | $1.4M | $1.5M | $1.7M | +43.2% |
| Net assets | $1.3M | $1.1M | $863K | $770K | $568K | -56.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 15 unpaid officers/directors as reported (ADAM JOHNSON, AMANDA GANE, BRUCE CAMPBELL, +12 more)
All 15 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 |
|---|---|
| NONMEMBER GREEN FEES | $323,829 |
| CART RENTALS | $145,234 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.2M
▲ $77K new borrowing
Net land, buildings & equipment
$1.8M
book value, net of depreciation
Facility age
72%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $89,200 |
| Insurance | $49,936 |
| Occupancy | $0 |
| Depreciation & depletion | $163,188 |
| Information technology | $0 |
| Advertising & promotion | $26,894 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $5,200 |
| Other professional fees | $17,590 |
TFounded in 1968, The Colonial Country Club Inc reported $2.64M of revenue for FY23, at an operating margin of -7.7%. Revenue moved up 23.7% 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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