GARN501(c)(7) · MEDIUMNAICS 713910EIN 56-0771508
Garner Country Club Inc
Garner, NC · founded 1967
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$219k
▼ 8.6% YoY
FY23 Total Expenses
$317k
▲ 45.8% YoY
Operating Margin
-44.8%
revenue minus expenses ÷ revenue
Employees
3
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$219K
▲ 27.3% / 5y
Expenses
$317K
▲ 101.0% / 5y
Total Assets
$122K
▼ 15.8% / 5y
Total Liabilities
$23K
▼ 56.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $172K | $225K | $225K | $240K | $219K | +27.3% |
| Expenses | $158K | $153K | $153K | $218K | $317K | +101.0% |
| Net surplus | $14K | $73K | $73K | $22K | -$98K | -787.7% |
| Total assets | $145K | $184K | $184K | $205K | $122K | -15.8% |
| Total liabilities | $53K | $9K | $9K | $8K | $23K | -56.4% |
| Net assets | $92K | $175K | $175K | $197K | $99K | +7.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (Andy Cook, Brent Harrell, Craig Gower, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$101K
book value, net of depreciation
Facility age
90%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $9,732 |
| Occupancy | $0 |
| Depreciation & depletion | $124,301 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $7,856 |
| Legal fees | $0 |
| Accounting fees | $3,065 |
| Other professional fees | $0 |
GFounded in 1967, Garner Country Club Inc reported $219k of revenue for FY23, at an operating margin of -44.8%. Revenue moved down 8.6% 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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