Civic Intelligence

Hanover Seaside Club Inc

990 • Fiscal year 2017 • EIN 56-0733557

Nov 01, 2016 to Oct 31, 2017 • Filed on Jan 14, 2018

Organization ProfileWWW.HANOVERSEASIDE.COM
601 South Lumina DriveWrightsville Beach, NC 28480

(910) 256-2726

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

61st percentile

7.2%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$56,133

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

59th percentile

2.3%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

6.4%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$2,226,215

Up $49,535 (+2.3%) from 2016

Net Assets

Up

$2,220,971

Up $53,587 (+2.5%) from 2016

Liabilities

Down

$5,244

Down $4,052 (-44%) from 2016

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin61st percentile

Revenue

Up

$739,277

Up $44,730 (+6.4%) from 2016

Expenses

Up

$685,690

Up $104,751 (+18%) from 2016

Net Income

Down

$53,587

Down $60,021 (-53%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,350,731Liabilities 2011: $399,516Net Assets 2011: $1,951,2152011Assets 2012: $2,148,647Liabilities 2012: $256,719Net Assets 2012: $1,891,9282012Assets 2013: $2,130,521Liabilities 2013: $207,321Net Assets 2013: $1,923,2002013Assets 2014: $2,114,003Liabilities 2014: $150,501Net Assets 2014: $1,963,5022014Assets 2015: $2,144,542Liabilities 2015: $90,766Net Assets 2015: $2,053,7762015Assets 2016: $2,176,680Liabilities 2016: $9,296Net Assets 2016: $2,167,3842016Assets 2017: $2,226,215Liabilities 2017: $5,244Net Assets 2017: $2,220,9712017Assets 2018: $2,270,325Liabilities 2018: $0Net Assets 2018: $2,270,3252018Assets 2019: $2,122,323Liabilities 2019: $0Net Assets 2019: $2,122,3232019Assets 2020: $2,399,457Liabilities 2020: $106,713Net Assets 2020: $2,292,7442020Assets 2021: $3,445,208Liabilities 2021: $1,037,044Net Assets 2021: $2,408,1642021Assets 2022: $3,548,347Liabilities 2022: $1,034,219Net Assets 2022: $2,514,1282022Assets 2023: $3,447,530Liabilities 2023: $901,554Net Assets 2023: $2,545,9762023Assets 2024: $3,402,765Liabilities 2024: $817,448Net Assets 2024: $2,585,3172024

Highlighted filing

2017

Assets$2,226,215
Liabilities$5,244
Net Assets$2,220,971
Open 2017 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $627,8522011Expenses 2012: $726,6772012Expenses 2013: $631,0542013Revenue 2014: $675,434Expenses 2014: $635,132Net Income 2014: $40,3022014Revenue 2015: $713,341Expenses 2015: $623,067Net Income 2015: $90,2742015Revenue 2016: $694,547Expenses 2016: $580,939Net Income 2016: $113,6082016Revenue 2017: $739,277Expenses 2017: $685,690Net Income 2017: $53,5872017Revenue 2018: $739,992Expenses 2018: $690,638Net Income 2018: $49,3542018Revenue 2019: $647,750Expenses 2019: $795,752Net Income 2019: -$148,0022019Revenue 2020: $783,413Expenses 2020: $612,992Net Income 2020: $170,4212020Revenue 2021: $861,676Expenses 2021: $746,256Net Income 2021: $115,4202021Revenue 2022: $1,032,607Expenses 2022: $926,643Net Income 2022: $105,9642022Revenue 2023: $1,175,190Expenses 2023: $1,143,342Net Income 2023: $31,8482023Revenue 2024: $978,108Expenses 2024: $900,952Net Income 2024: $77,1562024

Highlighted filing

2017

Revenue$739,277
Expenses$685,690
Net Income$53,587
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Jan 14, 2018
Return Version
2016v3.0
Gross Receipts
$760,152
Mission and Program Overview

Mission

To provide facilities for oceanside recreation to members and their families.

To provide facilities for oceanside recreation to members and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,612,537$1,643,146▲ $30,609
Savings and Temporary Cash Investments$538,477$563,343▲ $24,866
Inventories for Sale or Use$10,209$13,310▲ $3,101
Cash and Non-Interest-Bearing Accounts$13,715$6,416▼ $7,299
Prepaid Expenses and Deferred Charges$1,742--
Total Assets$2,176,680$2,226,215▲ $49,535
Liabilities
Other Liabilities$9,296--
Accounts Payable and Accrued Expenses-$5,244-
Total Liabilities$9,296$5,244▼ $4,052
Net Assets / Fund Balance
Unrestricted Net Assets$2,167,384$2,220,971▲ $53,587
Total Net Assets Fund Balance$2,167,384$2,220,971▲ $53,587
Total Liabilities and Net Assets / Fund Balance$2,176,680$2,226,215▲ $49,535

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$924,676$1,407,933$2,332,609
Land$718,470-$718,470
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mollene SmithGeneral ManaFT$56,133$56,133
Steve LeeSecretary/trPT$6,235$6,235

Board Members and Trustees

NameTitle
Eelco TingaPresident
Brad WallsBoard Member
Duncan McfadyenBoard Member
Frances GodwinBoard Member
Mark WilsonBoard Member
Mike PridgenBoard Member
Susan CollinsBoard Member
Victor BrownGeneral Mana
Tom CheathamVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$726,435
Investment Income
$2,359
Other Revenue
$10,483
Change in Net Assets
$53,587

Audited Revenue Reconciliation

Revenue per Audited Statements
$739,277
Revenue Not Reported on Form 990
$13,070
Total Revenue per Audited Statements
$752,347
Total Revenue per Form 990
$739,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522,554
Salaries, Compensation, and Employee Benefits$163,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$212,219
Other Salaries and Wages---$89,455
Depreciation Depletion---$81,413
Current Officers, Directors, Trustees, and Key Employees---$58,933
Insurance---$38,170
Office Expenses---$28,716
Fees for Services Accounting---$19,830
Payroll Taxes---$14,748
Travel---$3,207
Fees for Services Other---$3,155
Information Technology---$2,408
Other Expenses---$1,860
Fees for Services Legal---$945
All Other Expenses---$233
Advertising---$45
Interest---$5
Total Functional Expenses$0$0$0$685,690

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$708,917
Expenses per Audited Statements$685,690
Total Expenses per Form 990$685,690
Expenses Not Reported on Form 990$23,227
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Steve LeeSecretary/treasAnnual StipendNo$1,800
Eelco Tinga JrBoard PresidentAnnual StipendNo$500
Tom Cheatham JrBoard Vice PresAnnual StipendNo$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“The hanover seaside club has two membership classifications - regular and seasonal. Regular members are entitled to hold office, are subject to assessment, and have the power to vote as defined in the club constitution, including the election of officers and at-large members of the club board of directors. A seasonal member is not entitled to any of those privelages and may not be assessed but pays the same initiation fee and annual dues as regular members. Seasonal members may serve on standing committees.”

Form 990, Page 6, Part VI, Line 7B

“Decisions subject to the approval of members are defined in the hanover seaside club constitution and include election of the board of directors and the approval of annual and special assessments.”

Form 990, Page 6, Part VI, Line 11B

“The 990 is prepared by an independent cpa and then provided to the full governing body in draft form for review and comment prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“The general manager's compensation is determined by the board of directors and is based on compensation for comparable positions in social clubs of similar size and scope in similar regions of the united states.”

Form 990, Page 6, Part VI, Line 15B

“The board president, vice president and secrtary treasurer receive a small annual monetary stipend. The amount is set by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Hanover Seaside Club
EIN
56-0733557
Phone
9102562726
Address
601 SOUTH LUMINA DRIVE, WRIGHTSVILLE BEACH, NC 28480

Signing Officer

Name
Steve Lee
Title
Secretary/treasurer
Phone
9102562726
Signed
2018-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eelco Tinga
Formed
1898
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
6
Employees
20
Volunteers
47

Preparer

Firm
Earney & Company Llp
Address
710 MILITARY CUTOFF RD STE 250, WILMINGTON, NC 28405-8364
Preparer
Charles L Earney CPA
Phone
9102569995
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The club is exempt from federal income tax under section 501(c)(7) of the internal revenue code, but is subject to tax on unrelated business income as defined by the code. In the opinion of management, the income taxes resulting from taxing authorities imposing income taxes on the net taxable income from activities deemed to be unrelated to the club's non-taxable status did not have a material effect on the club's financial position or results of its operations. The club paid 1,354 in income taxes in 2017. The club is no longer subject to u.s. Federal, state, or local income tax examinations by tax authorities for years prior to 2014.”

Schedule D, Page 4, Part XI, Line 2D

“Cash to accrual adjustment -7,805 rental expenses 20,875”

Schedule D, Page 4, Part XII, Line 2D

“Cash to accrual adjustment 2,352 rental expenses 20,875”

Raw XML Appendix391 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05244
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FACILITIES FOR OCEANSIDE RECREATION TO MEMBERS AND THEIR FAMILIES
IRS990/AdvertisingGrp/TotalAmt045
IRS990/AllOtherExpensesGrp/TotalAmt0233
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0STEVE LEE
IRS990/BooksInCareOfDetail/PhoneNum09106862719
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 SOUTH LUMINA DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WRIGHTSVILLE BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028480
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt013715
IRS990/CashNonInterestBearingGrp/EOYAmt06416
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt058933
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02359
IRS990/CYOtherExpensesAmt0522554
IRS990/CYOtherRevenueAmt010483
IRS990/CYProgramServiceRevenueAmt0726435
IRS990/CYRevenuesLessExpensesAmt053587
IRS990/CYSalariesCompEmpBnftPaidAmt0163136
IRS990/CYTotalExpensesAmt0685690
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0739277
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt081413
IRS990/Desc0TO PROVIDE FACILITIES FOR OCEANSIDE RECREATION TO MEMBERS AND THEIR FAMILIES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt019830
IRS990/FeesForServicesLegalGrp/TotalAmt0945
IRS990/FeesForServicesOtherGrp/TotalAmt03155
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt710.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt94.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0DUNCAN MCFADYEN
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANCES GODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm3BRAD WALLS
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE PRIDGEN
IRS990/Form990PartVIISectionAGrp/PersonNm6MOLLENE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVE LEE
IRS990/Form990PartVIISectionAGrp/PersonNm8EELCO TINGA
IRS990/Form990PartVIISectionAGrp/PersonNm9TOM CHEATHAM
IRS990/Form990PartVIISectionAGrp/PersonNm10VICTOR BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt656133
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt76235
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL MANA
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01898
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0760152
IRS990/GrossRentsGrp/RealAmt031358
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02408
IRS990/InitiationFeesAndCapContriAmt025000
IRS990/InsuranceGrp/TotalAmt038170
IRS990/InterestGrp/TotalAmt05
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010209
IRS990/InventoriesForSaleOrUseGrp/EOYAmt013310
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02359
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt02359
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01407933
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01612537
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01643146
IRS990/LandBldgEquipCostOrOtherBssAmt03051079
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt020875
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FACILITIES FOR OCEANSIDE RECREATION TO MEMBERS AND THEIR FAMILIES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02167384
IRS990/NetAssetsOrFundBalancesEOYAmt02220971
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt010483
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt010483
IRS990/NetUnrelatedBusTxblIncmAmt0-7822
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0212219
IRS990/OfficeExpensesGrp/TotalAmt028716
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0COGS
IRS990/OtherExpensesGrp/Desc1FURNISHINGS & SMALL EQUIP
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3CLEANING / MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt0113183
IRS990/OtherExpensesGrp/TotalAmt114060
IRS990/OtherExpensesGrp/TotalAmt23105
IRS990/OtherExpensesGrp/TotalAmt31860
IRS990/OtherLiabilitiesGrp/BOYAmt09296
IRS990/OtherSalariesAndWagesGrp/TotalAmt089455
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt014748
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01742
IRS990/PrincipalOfficerNm0EELCO TINGA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1722210
IRS990/ProgramServiceRevenueGrp/BusinessCd2721000
IRS990/ProgramServiceRevenueGrp/BusinessCd3713990
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL OF FACILITES
IRS990/ProgramServiceRevenueGrp/Desc3FEES
IRS990/ProgramServiceRevenueGrp/Desc4MERCHANDISE & EVENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0352352
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1194335
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2123129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt352268
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0352352
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1194335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2123129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt352268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44351
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0381082
IRS990/PYGrantsAndSimilarPaidAmt078
IRS990/PYInvestmentIncomeAmt01584
IRS990/PYOtherExpensesAmt0463178
IRS990/PYOtherRevenueAmt07664
IRS990/PYProgramServiceRevenueAmt0304217
IRS990/PYRevenuesLessExpensesAmt0113608
IRS990/PYSalariesCompEmpBnftPaidAmt0117683
IRS990/PYTotalExpensesAmt0580939
IRS990/PYTotalRevenueAmt0694547
IRS990/ReconcilationRevenueExpnssAmt053587
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt010483
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0538477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0563343
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt023227
IRS990ScheduleD/ExpensesSubtotalAmt0685690
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0718470
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0718470
IRS990ScheduleD/OtherExpensesIncludedAmt023227
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0924676
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01407933
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02332609
IRS990ScheduleD/OtherRevenueAmt013070
IRS990ScheduleD/RevenueNotReportedAmt013070
IRS990ScheduleD/RevenueSubtotalAmt0739277
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, BUT IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AS DEFINED BY THE CODE. IN THE OPINION OF MANAGEMENT, THE INCOME TAXES RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CLUB'S NON-TAXABLE STATUS DID NOT HAVE A MATERIAL EFFECT ON THE CLUB'S FINANCIAL POSITION OR RESULTS OF ITS OPERATIONS. THE CLUB PAID 1,354 IN INCOME TAXES IN 2017. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CASH TO ACCRUAL ADJUSTMENT -7,805 RENTAL EXPENSES 20,875
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CASH TO ACCRUAL ADJUSTMENT 2,352 RENTAL EXPENSES 20,875
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01643146
IRS990ScheduleD/TotalExpensesPerForm990Amt0685690
IRS990ScheduleD/TotalRevenuePerForm990Amt0739277
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0752347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0708917
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0EELCO TINGA JR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TOM CHEATHAM JR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2STEVE LEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD VICE PRES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SECRETARY/TREAS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt21800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ANNUAL STIPEND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ANNUAL STIPEND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ANNUAL STIPEND
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HANOVER SEASIDE CLUB HAS TWO MEMBERSHIP CLASSIFICATIONS - REGULAR AND SEASONAL. REGULAR MEMBERS ARE ENTITLED TO HOLD OFFICE, ARE SUBJECT TO ASSESSMENT, AND HAVE THE POWER TO VOTE AS DEFINED IN THE CLUB CONSTITUTION, INCLUDING THE ELECTION OF OFFICERS AND AT-LARGE MEMBERS OF THE CLUB BOARD OF DIRECTORS. A SEASONAL MEMBER IS NOT ENTITLED TO ANY OF THOSE PRIVELAGES AND MAY NOT BE ASSESSED BUT PAYS THE SAME INITIATION FEE AND ANNUAL DUES AS REGULAR MEMBERS. SEASONAL MEMBERS MAY SERVE ON STANDING COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO THE APPROVAL OF MEMBERS ARE DEFINED IN THE HANOVER SEASIDE CLUB CONSTITUTION AND INCLUDE ELECTION OF THE BOARD OF DIRECTORS AND THE APPROVAL OF ANNUAL AND SPECIAL ASSESSMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PREPARED BY AN INDEPENDENT CPA AND THEN PROVIDED TO THE FULL GOVERNING BODY IN DRAFT FORM FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPENSATION FOR COMPARABLE POSITIONS IN SOCIAL CLUBS OF SIMILAR SIZE AND SCOPE IN SIMILAR REGIONS OF THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD PRESIDENT, VICE PRESIDENT AND SECRTARY TREASURER RECEIVE A SMALL ANNUAL MONETARY STIPEND. THE AMOUNT IS SET BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02176680
IRS990/TotalAssetsEOYAmt02226215
IRS990/TotalAssetsGrp/BOYAmt02176680
IRS990/TotalAssetsGrp/EOYAmt02226215
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0685690
IRS990/TotalGrossUBIAmt012842
IRS990/TotalLiabilitiesBOYAmt09296
IRS990/TotalLiabilitiesEOYAmt05244
IRS990/TotalLiabilitiesGrp/BOYAmt09296
IRS990/TotalLiabilitiesGrp/EOYAmt05244
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02167384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02220971
IRS990/TotalProgramServiceRevenueAmt0726435
IRS990/TotalReportableCompFromOrgAmt062368
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0726435
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0739277
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012842
IRS990/TotalVolunteersCnt047
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02176680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02226215
IRS990/TravelGrp/TotalAmt03207
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02167384
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02220971
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 SOUTH LUMINA DRIVE
IRS990/USAddress/CityNm0WRIGHTSVILLE BEACH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028480
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HANOVERSEASIDE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09102562726
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HANOVER SEASIDE CLUB
ReturnHeader/Filer/BusinessNameControlTxt0HANO
ReturnHeader/Filer/EIN0560733557
ReturnHeader/Filer/PhoneNum09102562726
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 SOUTH LUMINA DRIVE
ReturnHeader/Filer/USAddress/CityNm0WRIGHTSVILLE BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028480
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0770985660539FDD4840C9D5FA773DA90E371AEDF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E8C76A3C794519041F6E4EB9886D3D87BA1381CE
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561719839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EARNEY & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0710 MILITARY CUTOFF RD STE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0284058364
ReturnHeader/PreparerPersonGrp/PhoneNum09102569995
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES L EARNEY CPA
ReturnHeader/ReturnTs02018-01-15T16:41:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

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
$2,226,215
Liabilities
$5,244
Net assets
$2,220,971
Revenue
$739,277
Expenses
$685,690
Net income
$53,587
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.82$2.59$0.98$0.90$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.45$0.90$2.55$1.18$1.14$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$1.03$2.51$1.03$0.93$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.45$1.04$2.41$0.86$0.75$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.40$0.11$2.29$0.78$0.61$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.65$0.80$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.74$0.69$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$0.74$0.69$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.01$2.17$0.69$0.58$0.11
2015Summary only. Only limited summary data is available for this year.$2.14$0.09$2.05$0.71$0.62$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.11$0.15$1.96$0.68$0.64$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.21$1.92$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.26$1.89$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.40$1.95$0.63