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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

EPAG501(c)(7) · MEDIUMNAICS 713910EIN 56-2101179

Eagle Point Golf Club Inc

Wilmington, NC · founded 1999

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$11.22M

▲ 35.2% YoY

FY23 Total Expenses

$10.48M

▲ 13.0% YoY

Operating Margin

6.6%

revenue minus expenses ÷ revenue

Employees

138

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$11.2M

▲ 16.9% / 5y

Expenses

$10.5M

▲ 27.0% / 5y

Total Assets

$24.0M

▲ 51.6% / 5y

Total Liabilities

$13.9M

▲ 22.9% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$9.6M	$8.3M	$8.3M	$8.3M	$11.2M	+16.9%
Expenses	$8.3M	$8.8M	$8.8M	$9.3M	$10.5M	+27.0%
Net surplus	$1.4M	-$490K	-$490K	-$970K	$745K	-44.8%
Total assets	$15.8M	$18.4M	$18.4M	$20.7M	$24.0M	+51.6%
Total liabilities	$11.3M	$12.2M	$12.2M	$13.1M	$13.9M	+22.9%
Net assets	$4.5M	$6.2M	$6.2M	$7.6M	$10.0M	+124.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
WILLIAM G ANDERSON DIRECTOR OF OPERATIONS· 40h/wk	$416,241	$28,626
SEAN ANDERSON Golf Course Superintendent· 40h/wk	$388,638	$29,913
BRENDA STOKER Controller· 40h/wk	$181,534	$17,114
HARRY ANDREWS Executive Chef· 40h/wk	$125,112	$12,448
BENNIE CLEMMONS FOOD & BEV MANAGER· 40h/wk	$109,218	$16,137

+ 6 unpaid officers/directors as reported (CECIL WORSLEY III, DAN SMITH, JOHN G B ELLISON JR, +3 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Bridgett Mazer Interiors WILMINGTON, NC	INTERIOR DECORATING	$231,085

Revenue by activity

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

Line item	Amount
MEMBERSHIP DUES	$6,420,615
GREEN, CART, AND CLUB FEES	$1,090,056
COTTAGE RENTAL	$760,054
MEMBER EVENTS	$303,925
CLUB OPERATIONS	$265,928

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$6.8M

▲ $494K new borrowing

Net land, buildings & equipment

$20.5M

book value, net of depreciation

Facility age

29%

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	$325,879
Occupancy	$280,298
Depreciation & depletion	$1,565,867
Advertising & promotion	$375
Office expenses	$138,196
Legal fees	$2,255
Accounting fees	$41,191
Other professional fees	$166,894

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

EAGLE POINT GOLF CLUB INVESTMENT PLAN

pension · 43 participants · $2.9M 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.

EFounded in 1999, Eagle Point Golf Club Inc reported $11.22M of revenue for FY23, at an operating margin of 6.6%. Revenue moved up 35.2% 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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