CHOW501(c)(7) · MEDIUMNAICS 713910EIN 56-0768783
Chowan Golf And Country Club Inc
Edenton, NC · founded 1969
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$529k
▲ 8.3% YoY
FY22 Total Expenses
$574k
▲ 31.2% YoY
Operating Margin
-8.5%
revenue minus expenses ÷ revenue
Employees
20
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$529K
▲ 23.9% / 5y
Expenses
$574K
▲ 48.7% / 5y
Total Assets
$77K
▼ 26.0% / 5y
Total Liabilities
$24K
▼ 76.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $427K | $426K | $489K | $489K | $529K | +23.9% |
| Expenses | $386K | $420K | $438K | $438K | $574K | +48.7% |
| Net surplus | $41K | $6K | $51K | $51K | -$45K | -208.6% |
| Total assets | $104K | $84K | $125K | $125K | $77K | -26.0% |
| Total liabilities | $103K | $77K | $28K | $28K | $24K | -76.8% |
| Net assets | $921 | $7K | $98K | $98K | $53K | +5635.9% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 5 unpaid officers/directors as reported (BOB WAGNER, JAMES BRADNER, LYNNE HODGES, +2 more)
All 5 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| DUES | $185,342 |
| CART RENTAL - MEMBER | $118,457 |
| GREEN FEES - NONMEMBER | $91,245 |
| TOURNAMENTS | $14,798 |
| CART RENTAL - NONMEMBER | $2,901 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$969
▼ $8K paid down
Net land, buildings & equipment
$55K
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $43,612 |
| Occupancy | $106,986 |
| Depreciation & depletion | $18,959 |
| Advertising & promotion | $668 |
| Office expenses | $20,410 |
| Accounting fees | $8,140 |
| Other professional fees | $1,394 |
CFounded in 1969, Chowan Golf And Country Club Inc reported $529k of revenue for FY22, at an operating margin of -8.5%. Revenue moved up 8.3% 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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