CHAR501(c)(7) · MEDIUMNAICS 713910EIN 57-0147510

Country Club Of Charleston

Charleston, SC · founded 1946
12 filings on recordFY 20122023medium confidence
FY23 Total Revenue
$9.69M
▼ 23.1% YoY
FY23 Total Expenses
$8.63M
▼ 31.2% YoY
Operating Margin
10.9%
revenue minus expenses ÷ revenue
Employees
224
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$9.7M
▼ 9.5% / 5y
10.712.412.412.69.7
Expenses
$8.6M
▼ 6.8% / 5y
9.311.011.012.68.6
Total Assets
$23.9M
▼ 16.0% / 5y
28.527.327.325.423.9
Total Liabilities
$6.1M
▼ 69.2% / 5y
19.87.97.95.96.1

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$10.7M$12.4M$12.4M$12.6M$9.7M-9.5%
Expenses$9.3M$11.0M$11.0M$12.6M$8.6M-6.8%
Net surplus$1.4M$1.5M$1.5M$39K$1.1M-26.9%
Total assets$28.5M$27.3M$27.3M$25.4M$23.9M-16.0%
Total liabilities$19.8M$7.9M$7.9M$5.9M$6.1M-69.2%
Net assets$8.7M$19.4M$19.4M$19.6M$17.8M+104.7%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
JAMES SUTTON
General Manager· 40h/wk
$242,423$22,125
TOBY SIMPSON
Head Tennis Professional· 40h/wk
$228,708$6,575
PAUL CORDER
Golf Course Superintendent· 40h/wk
$168,696$20,925
JON ZEPP
Director of Racquets· 40h/wk
$163,227$20,925
MATT BOVA
Director of Golf· 40h/wk
$152,564$14,467
KAREN SHERMAN
Controller· 40h/wk
$137,153$7,254
DANNY STEWART
GOLF TEACHING PROFESSIONAL· 40h/wk
$135,672$5,531

+ 12 unpaid officers/directors as reported (ALEX ANDREWS, BARBARA CHRISTIE, BRIAN POWERS, +9 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$6,430,921
INITIATION FEES$1,295,535
GOLF/PROSHOP INCOME$1,249,811
CAPITAL ASSESSMENTS & DUES$974,673
TENNIS$378,268

CFounded in 1946, Country Club Of Charleston reported $9.69M of revenue for FY23, at an operating margin of 10.9%. Revenue moved down 23.1% 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 Apr 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Apr 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Apr 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 9 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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