Civic Intelligence

The Surf Club Incorporated

990 • Fiscal year 2017 • EIN 56-0421616

Dec 01, 2016 to Nov 30, 2017 • Filed on Apr 02, 2018

Organization ProfileWWW.SURFCLUBNC.COM
Post Office Box 438Wrightsville Beach, NC 28480

(910) 256-2496

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.03x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

8th percentile

0.10x

Higher debt load relative to revenue than 8% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Net Margin

85th percentile

12%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$227,354

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Asset Growth

9th percentile

-6.7%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

1.3%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$7,650,274

Down $552,384 (-6.7%) from 2016

Net Assets

Up

$7,396,516

Up $589,988 (+8.7%) from 2016

Liabilities

Down

$253,758

Down $1,142,372 (-82%) from 2016

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin85th percentile

Revenue

Up

$2,505,619

Up $32,987 (+1.3%) from 2016

Expenses

Up

$2,215,527

Up $96,934 (+4.6%) from 2016

Net Income

Down

$290,092

Down $63,947 (-18%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,679,845Liabilities 2011: $233,168Net Assets 2011: $4,446,6772011Assets 2012: $5,055,174Liabilities 2012: $251,536Net Assets 2012: $4,803,6382012Assets 2013: $5,472,140Liabilities 2013: $230,305Net Assets 2013: $5,241,8352013Assets 2014: $6,949,231Liabilities 2014: $1,191,415Net Assets 2014: $5,757,8162014Assets 2015: $7,713,188Liabilities 2015: $1,300,605Net Assets 2015: $6,412,5832015Assets 2016: $8,202,658Liabilities 2016: $1,396,130Net Assets 2016: $6,806,5282016Assets 2017: $7,650,274Liabilities 2017: $253,758Net Assets 2017: $7,396,5162017Assets 2018: $8,164,384Liabilities 2018: $463,285Net Assets 2018: $7,701,0992018Assets 2019: $8,747,503Liabilities 2019: $325,215Net Assets 2019: $8,422,2882019Assets 2020: $9,175,155Liabilities 2020: $305,884Net Assets 2020: $8,869,2712020Assets 2021: $10,487,188Liabilities 2021: $327,593Net Assets 2021: $10,159,5952021Assets 2022: $10,545,345Liabilities 2022: $390,925Net Assets 2022: $10,154,4202022Assets 2023: $10,873,699Liabilities 2023: $297,787Net Assets 2023: $10,575,9122023Assets 2024: $12,218,669Liabilities 2024: $427,040Net Assets 2024: $11,791,6292024

Highlighted filing

2017

Assets$7,650,274
Liabilities$253,758
Net Assets$7,396,516
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,158,709Expenses 2011: $1,655,788Net Income 2011: $502,9212011Revenue 2012: $2,101,824Expenses 2012: $1,744,863Net Income 2012: $356,9612012Expenses 2013: $1,826,8722013Revenue 2014: $2,376,666Expenses 2014: $1,869,202Net Income 2014: $507,4642014Revenue 2015: $2,663,517Expenses 2015: $1,999,315Net Income 2015: $664,2022015Revenue 2016: $2,472,632Expenses 2016: $2,118,593Net Income 2016: $354,0392016Revenue 2017: $2,505,619Expenses 2017: $2,215,527Net Income 2017: $290,0922017Revenue 2018: $3,197,062Expenses 2018: $2,381,338Net Income 2018: $815,7242018Revenue 2019: $2,970,311Expenses 2019: $2,387,312Net Income 2019: $582,9992019Revenue 2020: $2,666,184Expenses 2020: $2,326,213Net Income 2020: $339,9712020Revenue 2021: $3,481,235Expenses 2021: $2,530,641Net Income 2021: $950,5942021Revenue 2022: $3,570,201Expenses 2022: $2,834,365Net Income 2022: $735,8362022Revenue 2023: $2,853,533Expenses 2023: $2,884,179Net Income 2023: -$30,6462023Revenue 2024: $3,587,065Expenses 2024: $3,177,571Net Income 2024: $409,4942024

Highlighted filing

2017

Revenue$2,505,619
Expenses$2,215,527
Net Income$290,092
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Apr 2, 2018
Return Version
2016v3.0
Gross Receipts
$2,977,699
Mission and Program Overview

Mission

To provide social, dining, and entertainment activities for its membership.

SOCIAL CLUB

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,242,540$3,657,452▲ $414,912
Land, Buildings, and Equipment, Net$2,906,826$2,853,950▼ $52,876
Savings and Temporary Cash Investments$576,697$740,130▲ $163,433
Accounts Receivable$147,055$142,659▼ $4,396
Inventories for Sale or Use$116,879$132,348▲ $15,469
Prepaid Expenses and Deferred Charges$51,603$83,985▲ $32,382
Cash and Non-Interest-Bearing Accounts$30,453$4,750▼ $25,703
Total Assets$7,092,053$7,650,274▲ $558,221
Other Assets Total$20,000$35,000▲ $15,000
Liabilities
Accounts Payable and Accrued Expenses$240,449$253,758▲ $13,309
Other Liabilities$45,076$0▼ $45,076
Deferred Revenue$0$0→ $0
Total Liabilities$285,525$253,758▼ $31,767
Net Assets / Fund Balance
Unrestricted Net Assets$6,806,528$7,396,516▲ $589,988
Total Net Assets Fund Balance$6,806,528$7,396,516▲ $589,988
Total Liabilities and Net Assets / Fund Balance$7,092,053$7,650,274▲ $558,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,021,400$1,914,626$3,936,026
Equipment$507,042$1,217,681$1,724,723
Other Land Buildings$316,738$148,349$465,087
Land$8,770-$8,770
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith LogarGeneral ManagerFT$165,438$61,916$227,354

Board Members and Trustees

NameTitle
Raiford Trask IiiPast President
Clinton North IiiPresident
Bruce a Chappell JrVice President
A Jeff EarpDirector
Christopher N ReidDirector
F Maston White JrDirector
John M Tetterton JrDirector
Louis a Burney JrDirector
William W Stanfield IiiDirector
R Allen RippySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,395,130
Investment Income
$82,259
Other Revenue
$1,028,230
Change in Net Assets
$290,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,977,699
Revenue Not Reported on Financial Statements
$-472,080
Revenue Not Reported on Form 990
$299,896
Other Revenue Adjustments
$-472,080
Total Revenue per Audited Statements
$3,277,595
Total Revenue per Form 990
$2,505,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,285,658
Other Expenses$929,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$853,044
Depreciation Depletion---$274,369
Current Officers, Directors, Trustees, and Key Employees---$206,707
All Other Expenses---$186,175
Insurance---$129,891
Other Employee Benefits---$129,839
Payroll Taxes---$80,034
Other Expenses---$64,391
Office Expenses---$28,016
Fees for Services Accounting---$17,500
Pension Plan Contributions---$16,034
Fees for Services Other---$14,895
Travel---$13,262
Fees for Services Legal---$6,560
Information Technology---$1,959
Total Functional Expenses$0$0$0$2,215,527

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,687,607
Expenses per Audited Statements$2,215,527
Total Expenses per Form 990$2,215,527
Expenses Not Reported on Form 990$472,080
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
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The club has members only. There are no stockholders.”

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

“The membership elects the board of governors annually.”

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

“The membership must approve constitutional and by-law changes.”

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

“The 990 form is reviewed by the club manager and the club secretary/treasurer before filing.”

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

“Each director lists business interests to determine if there is any conflict.”

Form 990, Part VI, Section B, Line 15

“The club president reviews and evaluates the performance of the general manager, in conjunction with other board members, and makes the determination of any wage increase and/or other bonuses, based upon specified criteria.”

Form 990, Part VI, Section C, Line 19

“Documents are available, upon request, in the club's office.”

Filing and Contact Details

Filer

Filer Name
The Surf Club Inc
EIN
56-0421616
Phone
9102562496
Address
POST OFFICE BOX 438, WRIGHTSVILLE BEACH, NC 28480

Signing Officer

Name
R Allen Rippy
Title
Secretary/treasurer
Phone
9102562496
Signed
2018-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clinton North Iii
Formed
1941
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
82
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
300 NORTH 3RD STREET FIFTH FLOOR, WILMINGTON, NC 28401
Preparer
Hc Craft Iii CPA
Phone
9107629671
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“With few exceptions, the club is no longer subject to u.s. Federal and state income tax examination by tax authorities for the years before 2014. The club has evaluated its tax positions and concluded that the club has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the accounting guidance for uncertainty in income taxes within the income taxes topic of the financial accounting standard board (fasb) accounting standards codification (asc).”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“COST OF SALES -472,080.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“COST OF SALES 472,080.”

Raw XML AppendixShowing 400 of 428 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0240449
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0253758
IRS990/AccountsReceivableGrp/BOYAmt0147055
IRS990/AccountsReceivableGrp/EOYAmt0142659
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SOCIAL CLUB
IRS990/AllOtherExpensesGrp/TotalAmt0186175
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KEITH LOGAR
IRS990/BooksInCareOfDetail/PhoneNum09102562496
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 438
IRS990/BooksInCareOfDetail/USAddress/CityNm0WRIGHTSVILLE BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028480
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt030453
IRS990/CashNonInterestBearingGrp/EOYAmt04750
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0206707
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt0472080
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt082259
IRS990/CYOtherExpensesAmt0929869
IRS990/CYOtherRevenueAmt01028230
IRS990/CYProgramServiceRevenueAmt01395130
IRS990/CYRevenuesLessExpensesAmt0290092
IRS990/CYSalariesCompEmpBnftPaidAmt01285658
IRS990/CYTotalExpensesAmt02215527
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02505619
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0274369
IRS990/Desc0THE CLUB PROVIDES MEALS AND DINING FACILITIES FOR MEMBERS AND THEIR GUESTS. THE CLUB OPERATES ON A SEASONAL BASIS FROM MARCH THROUGH DECEMBER ANNUALLY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt082
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt02215527
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt017500
IRS990/FeesForServicesLegalGrp/TotalAmt06560
IRS990/FeesForServicesOtherGrp/TotalAmt014895
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1046916
IRS990/Form990PartVIISectionAGrp/PersonNm0RAIFORD TRASK III
IRS990/Form990PartVIISectionAGrp/PersonNm1CLINTON NORTH III
IRS990/Form990PartVIISectionAGrp/PersonNm2BRUCE A CHAPPELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm3A JEFF EARP
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM W STANFIELD III
IRS990/Form990PartVIISectionAGrp/PersonNm5LOUIS A BURNEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm6F MASTON WHITE JR
IRS990/Form990PartVIISectionAGrp/PersonNm7R ALLEN RIPPY
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN M TETTERTON JR
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTOPHER N REID
IRS990/Form990PartVIISectionAGrp/PersonNm10KEITH LOGAR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10180438
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01941
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt035764
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt035764
IRS990/GrossReceiptsAmt02977699
IRS990/GrossReceiptsForPublicUseAmt0138224
IRS990/GrossSalesOfInventoryAmt01500310
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01959
IRS990/InitiationFeesAndCapContriAmt0270050
IRS990/InsuranceGrp/TotalAmt0129891
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0116879
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0132348
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046495
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt046495
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03242540
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03657452
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03280656
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02906826
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02853950
IRS990/LandBldgEquipCostOrOtherBssAmt06134606
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SOCIAL, DINING, AND ENTERTAINMENT ACTIVITIES FOR ITS MEMBERSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06806528
IRS990/NetAssetsOrFundBalancesEOYAmt07396516
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt035764
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt035764
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0934380
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01028230
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt093850
IRS990/NetUnrelatedBusTxblIncmAmt077529
IRS990/NetUnrlzdGainsLossesInvstAmt0299896
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt028016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020000
IRS990/OtherAssetsTotalGrp/EOYAmt035000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0129839
IRS990/OtherExpensesGrp/Desc0UBTI INCOME TAX
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UNCLASSIFIED
IRS990/OtherExpensesGrp/Desc3SUPPLIES AND LAUNDRY
IRS990/OtherExpensesGrp/TotalAmt017840
IRS990/OtherExpensesGrp/TotalAmt1103385
IRS990/OtherExpensesGrp/TotalAmt271626
IRS990/OtherExpensesGrp/TotalAmt364391
IRS990/OtherLiabilitiesGrp/BOYAmt045076
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0853044
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt080034
IRS990/PensionPlanContributionsGrp/TotalAmt016034
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051603
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083985
IRS990/PrincipalOfficerNm0CLINTON NORTH III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01306500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt188630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01306500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt188630
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0198764
IRS990/PYOtherExpensesAmt0882637
IRS990/PYOtherRevenueAmt0917523
IRS990/PYProgramServiceRevenueAmt01356345
IRS990/PYRevenuesLessExpensesAmt0354039
IRS990/PYSalariesCompEmpBnftPaidAmt01235956
IRS990/PYTotalExpensesAmt02118593
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02472632
IRS990/ReconcilationRevenueExpnssAmt0290092
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02329510
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0576697
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0740130
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02021400
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01914626
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03936026
IRS990ScheduleD/EquipmentGrp/BookValueAmt0507042
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01217681
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01724723
IRS990ScheduleD/ExpensesNotReportedAmt0472080
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02215527
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08770
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08770
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0299896
IRS990ScheduleD/OtherExpensesIncludedAmt0472080
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0316738
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0148349
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0465087
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-472080
IRS990ScheduleD/RevenueNotReportedAmt0299896
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-472080
IRS990ScheduleD/RevenueSubtotalAmt02977699
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS BEFORE 2014. THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF SALES -472,080.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF SALES 472,080.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02853950
IRS990ScheduleD/TotalExpensesPerForm990Amt02215527
IRS990ScheduleD/TotalRevenuePerForm990Amt02505619
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03277595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02687607
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165438
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt046916
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH LOGAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0227354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CLUB HAS MEMBERS ONLY. THERE ARE NO STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THE BOARD OF GOVERNORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP MUST APPROVE CONSTITUTIONAL AND BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 FORM IS REVIEWED BY THE CLUB MANAGER AND THE CLUB SECRETARY/TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR LISTS BUSINESS INTERESTS TO DETERMINE IF THERE IS ANY CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CLUB PRESIDENT REVIEWS AND EVALUATES THE PERFORMANCE OF THE GENERAL MANAGER, IN CONJUNCTION WITH OTHER BOARD MEMBERS, AND MAKES THE DETERMINATION OF ANY WAGE INCREASE AND/OR OTHER BONUSES, BASED UPON SPECIFIED CRITERIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE, UPON REQUEST, IN THE CLUB'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07092053
IRS990/TotalAssetsEOYAmt07650274
IRS990/TotalAssetsGrp/BOYAmt07092053
IRS990/TotalAssetsGrp/EOYAmt07650274
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt082
IRS990/TotalFunctionalExpensesGrp/TotalAmt02215527
IRS990/TotalGrossUBIAmt0176109
IRS990/TotalLiabilitiesBOYAmt0285525
IRS990/TotalLiabilitiesEOYAmt0253758
IRS990/TotalLiabilitiesGrp/BOYAmt0285525
IRS990/TotalLiabilitiesGrp/EOYAmt0253758
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06806528
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07396516
IRS990/TotalOtherCompensationAmt046916
IRS990/TotalProgramServiceExpensesAmt02215527
IRS990/TotalProgramServiceRevenueAmt01395130
IRS990/TotalReportableCompFromOrgAmt0180438
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02329510
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02505619
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0176109
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07092053
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07650274
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt013262
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06806528
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07396516
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0POST OFFICE BOX 438
IRS990/USAddress/CityNm0WRIGHTSVILLE BEACH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028480
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://WWW.SURFCLUBNC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0R ALLEN RIPPY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09102562496
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-02

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,650,274
Liabilities
$253,758
Net assets
$7,396,516
Revenue
$2,505,619
Expenses
$2,215,527
Net income
$290,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.2$0.43$11.8$3.59$3.18$0.41
2023Detailed filing. Detailed filing data is available for this year.$10.9$0.30$10.6$2.85$2.88$0.03
2022Detailed filing. Detailed filing data is available for this year.$10.5$0.39$10.2$3.57$2.83$0.74
2021Detailed filing. Detailed filing data is available for this year.$10.5$0.33$10.2$3.48$2.53$0.95
2020Detailed filing. Detailed filing data is available for this year.$9.18$0.31$8.87$2.67$2.33$0.34
2019Detailed filing. Detailed filing data is available for this year.$8.75$0.33$8.42$2.97$2.39$0.58
2018Detailed filing. Detailed filing data is available for this year.$8.16$0.46$7.70$3.20$2.38$0.82
2017Detailed filing. Detailed filing data is available for this year.$7.65$0.25$7.40$2.51$2.22$0.29
2016Detailed filing. Detailed filing data is available for this year.$8.20$1.40$6.81$2.47$2.12$0.35
2015Detailed filing. Detailed filing data is available for this year.$7.71$1.30$6.41$2.66$2.00$0.66
2014Detailed filing. Detailed filing data is available for this year.$6.95$1.19$5.76$2.38$1.87$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.23$5.24$1.83
2012Summary only. Only limited summary data is available for this year.$5.06$0.25$4.80$2.10$1.74$0.36
2011Summary only. Only limited summary data is available for this year.$4.68$0.23$4.45$2.16$1.66$0.50