Civic Intelligence

Charlotte Country Club Inc

EIN 56-0173700 • 501(c)7 • Charlotte, NC

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Profile

Private social club which provides golf, tennis, dining & recreational facilities for the benefit of its members.

2465 Mecklenburg AvenueCharlotte, NC 28204-3147

www.charlottecountryclub.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.31x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.74x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Net Margin

80th percentile

16%

Higher net margin than 80% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$568,828

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Asset Growth

92nd percentile

23%

Faster asset growth than 92% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$68,310,606

Up $12,670,690 (+23%) from 2023

Liabilities

Up

$20,913,549

Up $8,446,162 (+68%) from 2023

Net Assets

Up

$47,397,057

Up $4,224,528 (+9.8%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin80th percentile

Revenue

Up

$28,302,911

Up $3,711,064 (+15%) from 2023

Expenses

Up

$23,893,245

Up $1,176,773 (+5.2%) from 2023

Net Income

Up

$4,409,666

Up $2,534,291 (+135%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $42,925,985Liabilities 2010: $22,137,861Net Assets 2010: $20,788,1242010Assets 2011: $43,307,764Liabilities 2011: $22,831,383Net Assets 2011: $20,476,3812011Assets 2012: $43,959,390Liabilities 2012: $22,483,388Net Assets 2012: $21,476,0022012Assets 2013: $42,330,817Liabilities 2013: $19,520,034Net Assets 2013: $22,810,7832013Assets 2014: $41,552,392Liabilities 2014: $18,554,729Net Assets 2014: $22,997,6632014Assets 2015: $42,373,776Liabilities 2015: $17,135,267Net Assets 2015: $25,238,5092015Assets 2016: $42,032,512Liabilities 2016: $15,168,586Net Assets 2016: $26,863,9262016Assets 2017: $39,521,170Liabilities 2017: $12,942,272Net Assets 2017: $26,578,8982017Assets 2018: $39,174,657Liabilities 2018: $12,207,511Net Assets 2018: $26,967,1462018Assets 2019: $38,233,906Liabilities 2019: $9,543,950Net Assets 2019: $28,689,9562019Assets 2020: $38,948,024Liabilities 2020: $8,941,103Net Assets 2020: $30,006,9212020Assets 2021: $46,999,419Liabilities 2021: $9,364,872Net Assets 2021: $37,634,5472021Assets 2022: $55,550,788Liabilities 2022: $13,987,541Net Assets 2022: $41,563,2472022Assets 2023: $55,639,916Liabilities 2023: $12,467,387Net Assets 2023: $43,172,5292023Assets 2024: $68,310,606Liabilities 2024: $20,913,549Net Assets 2024: $47,397,0572024

Highlighted filing

2024

Assets$68,310,606
Liabilities$20,913,549
Net Assets$47,397,057
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2010: $15,798,399Expenses 2010: $13,437,195Net Income 2010: $2,361,2042010Expenses 2011: $14,456,7422011Revenue 2012: $16,863,431Expenses 2012: $15,409,474Net Income 2012: $1,453,9572012Revenue 2013: $16,073,590Expenses 2013: $15,799,370Net Income 2013: $274,2202013Revenue 2014: $16,330,615Expenses 2014: $15,971,873Net Income 2014: $358,7422014Revenue 2015: $18,532,443Expenses 2015: $16,203,760Net Income 2015: $2,328,6832015Revenue 2016: $18,584,506Expenses 2016: $16,927,436Net Income 2016: $1,657,0702016Revenue 2017: $17,736,691Expenses 2017: $17,951,828Net Income 2017: -$215,1372017Revenue 2018: $18,519,954Expenses 2018: $18,147,202Net Income 2018: $372,7522018Revenue 2019: $19,548,448Expenses 2019: $17,735,852Net Income 2019: $1,812,5962019Revenue 2020: $17,432,397Expenses 2020: $16,100,144Net Income 2020: $1,332,2532020Revenue 2021: $24,642,018Expenses 2021: $16,954,858Net Income 2021: $7,687,1602021Revenue 2022: $23,106,294Expenses 2022: $20,498,277Net Income 2022: $2,608,0172022Revenue 2023: $24,591,847Expenses 2023: $22,716,472Net Income 2023: $1,875,3752023Revenue 2024: $28,302,911Expenses 2024: $23,893,245Net Income 2024: $4,409,6662024

Highlighted filing

2024

Revenue$28,302,911
Expenses$23,893,245
Net Income$4,409,666
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,310,606
Liabilities
$20,913,549
Net assets
$47,397,057
Revenue
$28,302,911
Expenses
$23,893,245
Net income
$4,409,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.3$20.9$47.4$28.3$23.9$4.41
2023Detailed filing. Detailed filing data is available for this year.$55.6$12.5$43.2$24.6$22.7$1.88
2022Detailed filing. Detailed filing data is available for this year.$55.6$14.0$41.6$23.1$20.5$2.61
2021Detailed filing. Detailed filing data is available for this year.$47.0$9.36$37.6$24.6$17.0$7.69
2020Detailed filing. Detailed filing data is available for this year.$38.9$8.94$30.0$17.4$16.1$1.33
2019Detailed filing. Detailed filing data is available for this year.$38.2$9.54$28.7$19.5$17.7$1.81
2018Detailed filing. Detailed filing data is available for this year.$39.2$12.2$27.0$18.5$18.1$0.37
2017Detailed filing. Detailed filing data is available for this year.$39.5$12.9$26.6$17.7$18.0$0.22
2016Detailed filing. Detailed filing data is available for this year.$42.0$15.2$26.9$18.6$16.9$1.66
2015Detailed filing. Detailed filing data is available for this year.$42.4$17.1$25.2$18.5$16.2$2.33
2014Detailed filing. Detailed filing data is available for this year.$41.6$18.6$23.0$16.3$16.0$0.36
2013Detailed filing. Detailed filing data is available for this year.$42.3$19.5$22.8$16.1$15.8$0.27
2012Summary only. Only limited summary data is available for this year.$44.0$22.5$21.5$16.9$15.4$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.3$22.8$20.5$14.5
2010Summary only. Only limited summary data is available for this year.$42.9$22.1$20.8$15.8$13.4$2.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$29,353,135
Mission and Program Overview

Mission

Private social club which provides golf, tennis, dining & recreational facilities for the benefit of its members.

Private social club operated for the sole use and benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,891,980$56,520,896▲ $10,628,916
Accounts Receivable$6,677,543$7,903,568▲ $1,226,025
Cash and Non-Interest-Bearing Accounts$1,194,021$2,151,974▲ $957,953
Inventories for Sale or Use$615,677$676,579▲ $60,902
Prepaid Expenses and Deferred Charges$67,619$65,736▼ $1,883
Total Assets$55,639,916$68,310,606▲ $12,670,690
Other Assets Total$1,193,076$991,853▼ $201,223
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,478,989$15,194,931▲ $5,715,942
Accounts Payable and Accrued Expenses$1,264,447$3,509,564▲ $2,245,117
Deferred Revenue$1,583,453$1,615,692▲ $32,239
Other Liabilities$140,498$593,362▲ $452,864
Total Liabilities$12,467,387$20,913,549▲ $8,446,162
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,172,529$47,397,057▲ $4,224,528
Total Net Assets Fund Balance$43,172,529$47,397,057▲ $4,224,528
Total Liabilities and Net Assets / Fund Balance$55,639,916$68,310,606▲ $12,670,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,077,000$29,185,313$67,262,313
Equipment$3,647,868$17,527,020$21,174,888
Land$10,734,384-$10,734,384
Other Land Buildings$4,061,644-$4,061,644
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Priscilla EichGm/COOFT$434,298$134,530$568,828
John SzklinskiGolf Course SuperintendentFT$388,759$132,698$521,457
Thomas WilliamsonDirector of Golf OperationsFT$238,638$272,398$511,036
John FieldsDirector of InstructionFT$88,098$222,954$311,052
Laurent PillardExecutive ChefFT$244,706$60,115$304,821
Quinn MoeClubhouse ManagerFT$174,445$48,943$223,388
Irving DriscollDirector of TennisFT$91,846$119,464$211,310
Loyd GoffFacilities ManagerFT$137,084$60,379$197,463
Glenn SquireControllerFT$142,786$42,250$185,036
John Rivard MeyerHead Tennis ProFT$46,815$118,784$165,599
Tracy RiversDirector of HrFT$145,189$17,400$162,589
Thomas ReddingAssistant Teaching Prof.FT$24,494$128,068$152,562
Mary Alice BoydCFO (from June 2024)FT$135,167$3,903$139,070

Board Members and Trustees

NameTitle
James Thompson JrPresident
Verner Stanley IiiVice President
Andrew TuckerGovernor
Byron Burns IiiGovernor
Charles Thrift IvGovernor
David CarrollGovernor
James NewmanGovernor
Jerry BarronGovernor
Malcolm EverettGovernor
Patrick KellyGovernor
Peter RichardsonGovernor
Robert Dooley IiiGovernor
Roger CobbGovernor
Jonathan IsheeSecretary
Thomas L JamesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edison Foard Construction Services INCConstructionPO BOX 19888, Charlotte, NC 28219-0088$7,665,455
Precisionaire Sytems LLCConstruction195 PERSHING WAY, West Palm Beach, FL 33401-8033$1,813,953
Green Golf & Turf INCGolf Course ArchitecturalPO BOX 533, Forest Hills, MD 21050$148,111
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,991,023
Investment Income
$3,378
Other Revenue
$308,510
Change in Net Assets
$4,409,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,342,729
Revenue Not Reported on Financial Statements
$-1,039,818
Revenue Not Reported on Form 990
$-185,138
Other Revenue Adjustments
$-1,039,818
Total Revenue per Audited Statements
$29,157,591
Total Revenue per Form 990
$28,302,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,460,299
Other Expenses$9,432,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$9,649,701
Depreciation Depletion---$3,383,485
Current Officers, Directors, Trustees, and Key Employees---$2,677,372
Occupancy---$1,168,729
Other Employee Benefits---$1,026,736
Payroll Taxes---$917,735
All Other Expenses---$566,829
Information Technology---$210,344
Fees for Services Management---$206,668
Insurance---$197,675
Pension Plan Contributions---$188,755
Other Expenses---$125,886
Interest---$120,886
Advertising---$96,059
Conferences and Meetings---$63,464
Fees for Services Accounting---$44,607
Fees for Services Other---$36,204
Fees for Services Legal---$30,406
Office Expenses---$11,783
Total Functional Expenses$0$0$0$23,893,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,933,063
Expenses per Audited Statements$23,893,245
Total Expenses per Form 990$23,893,245
Expenses Not Reported on Form 990$1,039,818
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Financial Lease Liabilties$546,592
Accrued Postretirement Benefits$46,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Voting members are entitled to vote at all meetings of the membership at which there is a vote. Voting members shall be comprised of resident members paying full dues, resident associate members paying full dues and honorary members whether or not paying full dues, in each case in good standing.”

Form 990, Part VI, Section A, Line 7A

“Annually, voting members of the membership shall elect five (5) governors based on a list of candidates determined by the nominating committee and write-in candidates that have been nominated following the process set forth in the club's bylaws.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the general manager, coo, executive & finance committees, and the board of governors prior to filing with the irs. Copies are made available to the membership after filing.”

Form 990, Part VI, Section B, Line 12C

“The general manager and coo review and monitor all contracts that could be a conflict of interest. The conflicts policy is also considered whenever there is a potential conflict during the year. In the event of a conflict, the person with the conflict recuses himself/herself from all discussions and votes.”

Form 990, Part VI, Section B, Line 15

“The executive committee of the board and the personnel committee review benchmarking data to compare with current management salaries. Meetings are held to review the salaries within the executive committee/finance committee and the board during the budget meetings on an annual basis. All discussions are documented.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Charlotte Country Club Inc
EIN
56-0173700
Phone
7043340836
Address
2465 MECKLENBURG AVENUE, CHARLOTTE, NC 28204-3147

Signing Officer

Name
Priscilla Eich
Title
Gm/COO
Phone
7043340836
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Priscilla Eich
Formed
1910
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
426
Volunteers
15

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Bree-ann Weidner
Phone
7043771678
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in interest rate swap -185,138.”

Financial Statement Notes

PART X, LINE 2:

“The club is classified as an organization exempt from income tax under section 501(c)(7) of the internal revenue code ("irc"). In accordance with irc regulations, the club is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the club. The club accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the club believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. The club has evaluated all its tax positions and determined that it had no material uncertain income tax positions as of december 31, 2024 and 2023.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in fair value of interest rate swaps -185,138.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental income 7,284. Rental expenses -11,123. Golf shop cogs -1,035,979.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental income -7,284. Rental expenses 11,123. Golf shop cogs 1,035,979.”

Raw XML AppendixShowing 400 of 797 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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