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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

HIGH501(c)(7) · MEDIUMNAICS 713910EIN 56-1304056

Highlands Country Club Inc

Highlands, NC · founded 1985

14 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$11.05M

▲ 7.5% YoY

FY23 Total Expenses

$10.04M

▲ 7.3% YoY

Operating Margin

9.1%

revenue minus expenses ÷ revenue

Employees

156

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$11.0M

▲ 24.7% / 5y

Expenses

$10.0M

▲ 27.1% / 5y

Total Assets

$34.8M

▲ 16.3% / 5y

Total Liabilities

$20.5M

▲ 8.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.9M	$9.3M	$9.3M	$10.3M	$11.0M	+24.7%
Expenses	$7.9M	$8.1M	$8.1M	$9.4M	$10.0M	+27.1%
Net surplus	$955K	$1.2M	$1.2M	$918K	$1.0M	+5.5%
Total assets	$29.9M	$31.2M	$31.2M	$33.1M	$34.8M	+16.3%
Total liabilities	$19.0M	$18.6M	$18.6M	$19.7M	$20.5M	+8.1%
Net assets	$10.9M	$12.6M	$12.6M	$13.4M	$14.2M	+30.5%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
General Manager· 40h/wk	$364,094	$99,382
Golf Course Superint.· 40h/wk	$257,007	$22,942
Head Golf Professional· 40h/wk	$177,433	$16,824
Executive Chef· 40h/wk	$123,729	$10,907
Chief Financial Officer· 40h/wk	$120,135	$11,842
Clubhouse Manager· 40h/wk	$112,795	$10,227
Director of Member Enhancement· 40h/wk	$98,741	$8,965

+ 10 unpaid officers/directors as reported (, , , +7 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Green Tee Golf Inc Augusta, GA	Management services	$1,063,104
Superior Golf Maintenance LLC Elk Park, NC	Employee Leasing	$210,927
Highlands Country Club Community Association Highlands, NC	Security & staffing	$162,613

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
Membership Dues	$8,837,372
Golf Cart Rent & Storage	$304,108
Golf Guest Fees	$300,231
Golf Related Activities	$220,893
Life Enhancement	$205,150

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$381K

▲ $8K new borrowing

Net land, buildings & equipment

$26.7M

book value, net of depreciation

Facility age

42%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$113,830
Occupancy	$659,117
Depreciation & depletion	$1,542,278
Office expenses	$1,077,430
Other professional fees	$367,581

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

HIGHLANDS COUNTRY CLUB, 401(K) SAVINGS PLAN

pension · 47 participants · $4.7M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Amusement and Recreation Attendants HIGHLANDS, NC	$37K	2	May 2025 → Nov 2025
Cooks, Restaurant HIGHLANDS, NC	$34K	4	Apr 2025 → Nov 2025
Waiters and Waitresses HIGHLANDS, NC	$29K	6	Apr 2025 → Nov 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

HFounded in 1985, Highlands Country Club Inc reported $11.05M of revenue for FY23, at an operating margin of 9.1%. Revenue moved up 7.5% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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