DWUC501(c)(7) · MEDIUMNAICS 713910EIN 56-0863400
Duck Woods Country Club Inc
Southrn Shore, NC · founded 1990
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.45M
▲ 18.0% YoY
FY23 Total Expenses
$3.98M
▲ 17.1% YoY
Operating Margin
10.6%
revenue minus expenses ÷ revenue
Employees
71
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.4M
▲ 33.0% / 5y
Expenses
$4.0M
▲ 16.7% / 5y
Total Assets
$5.9M
▲ 17.3% / 5y
Total Liabilities
$2.4M
▼ 21.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $3.4M | $3.4M | $3.8M | $4.4M | +33.0% |
| Expenses | $3.4M | $3.0M | $3.0M | $3.4M | $4.0M | +16.7% |
| Net surplus | -$66K | $463K | $463K | $371K | $469K | -807.6% |
| Total assets | $5.0M | $5.3M | $5.3M | $5.8M | $5.9M | +17.3% |
| Total liabilities | $3.1M | $2.7M | $2.7M | $2.8M | $2.4M | -21.7% |
| Net assets | $1.9M | $2.6M | $2.6M | $3.0M | $3.5M | +79.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (ANGELA CULBERTSON, CAROL NOONAN, DANNY JOYNER, +9 more)
All 12 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 |
|---|---|
| DUES | $1,987,932 |
| FOOD SERVICE | $1,200,138 |
| NON-MEMBER GOLF OPERATIONS | $412,673 |
| GOLF OPERATIONS | $378,362 |
| INITIATION FEES | $146,900 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$3.8M
book value, net of depreciation
Facility age
64%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $115,944 |
| Occupancy | $94,899 |
| Depreciation & depletion | $315,536 |
| Office expenses | $26,973 |
| Legal fees | $4,603 |
| Other professional fees | $67,610 |
DFounded in 1990, Duck Woods Country Club Inc reported $4.45M of revenue for FY23, at an operating margin of 10.6%. Revenue moved up 18.0% 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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