Civic Intelligence

Hanover Seaside Club Inc

990 • Fiscal year 2025 • EIN 56-0733557

Nov 01, 2024 to Oct 31, 2025 • Filed on Mar 23, 2026

Organization Profilewww.hanoverseaside.club
601 South Lumina AvenueWrightsville Beach, NC 28480

(910) 256-2726

Siviq Scores

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

Liabilities / Assets

59th percentile

0.19x

Higher debt load relative to assets than 59% of similar nonprofits.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.52x

Higher debt load relative to revenue than 66% of similar nonprofits.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2025

Net Margin

84th percentile

25%

Higher net margin than 84% of similar nonprofits.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

90th percentile

$53,885

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2025

Asset Growth

54th percentile

3.5%

Faster asset growth than 54% of similar nonprofits.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

30%

Faster revenue growth than 89% of similar nonprofits.

2025 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$3,520,486

Up $117,721 (+3.5%) from 2024

Net Assets

Up

$2,856,873

Up $271,556 (+11%) from 2024

Liabilities

Down

$663,613

Down $153,835 (-19%) from 2024

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin84th percentile

Revenue

Up

$1,270,191

Up $292,083 (+30%) from 2024

Expenses

Up

$953,405

Up $52,453 (+5.8%) from 2024

Net Income

Up

$316,786

Up $239,630 (+311%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth54th 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: $2,585,3172024Assets 2025: $3,520,486Liabilities 2025: $663,613Net Assets 2025: $2,856,8732025

Highlighted filing

2025

Assets$3,520,486
Liabilities$663,613
Net Assets$2,856,873
Open 2025 Filing

Operations Trend

Revenue Growth89th 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: $77,1562024Revenue 2025: $1,270,191Expenses 2025: $953,405Net Income 2025: $316,7862025

Highlighted filing

2025

Revenue$1,270,191
Expenses$953,405
Net Income$316,786
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Mar 23, 2026
Return Version
2024v5.5
Gross Receipts
$1,371,144
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,292,456$2,214,219▼ $78,237
Savings and Temporary Cash Investments$805,590$974,028▲ $168,438
Cash and Non-Interest-Bearing Accounts$228,338$267,994▲ $39,656
Prepaid Expenses and Deferred Charges$48,368$58,066▲ $9,698
Accounts Receivable$22,224$0▼ $22,224
Inventories for Sale or Use$5,789$6,179▲ $390
Total Assets$3,402,765$3,520,486▲ $117,721
Liabilities
Unsecured Notes Loans Payable$764,182$622,387▼ $141,795
Other Liabilities$0$35,091▲ $35,091
Accounts Payable and Accrued Expenses$53,266$6,135▼ $47,131
Total Liabilities$817,448$663,613▼ $153,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,585,317$2,856,873▲ $271,556
Total Net Assets Fund Balance$2,585,317$2,856,873▲ $271,556
Total Liabilities and Net Assets / Fund Balance$3,402,765$3,520,486▲ $117,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,399,604$1,542,680$2,942,284
Land$718,470-$718,470
Equipment$96,145$159,970$256,115
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gregg TolericoGeneral ManagerFT$53,885$53,885
Laura EarnhartTreasurer-$6,575$6,575

Board Members and Trustees

NameTitle
Dan HarrisPresident
Armistead BoydVice-president
Gregg SurrattBoard Member
Hank CarterBoard Member
Joe BrowningBoard Member
Lee LambertBoard Member
Shanda BordeauxBoard Member
Valrie HortonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,181,621
Investment Income
$38,450
Other Revenue
$50,120
Change in Net Assets
$316,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,582
Salaries, Compensation, and Employee Benefits$344,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$261,928
Depreciation Depletion---$96,220
Insurance---$82,427
Occupancy---$73,499
Current Officers, Directors, Trustees, and Key Employees---$56,251
Other Expenses---$55,763
All Other Expenses---$35,998
Fees for Services Accounting---$31,615
Office Expenses---$31,571
Payroll Taxes---$26,644
Information Technology---$25,310
Interest---$21,200
Fees for Services Other---$17,443
Total Functional Expenses$0$0$0$953,405
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
NC Income Taxes$3,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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, Part VI, Section A, line 6

“Members”

Form 990, Part VI, Section A, 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 privileges 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, Part VI, Section A, 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, Part VI, Section B, line 11B

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

Form 990, Part VI, Section B, 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, Part VI, Section C, line 19

“Documents required to be open for public inspection are available from the organization upon request.”

Filing and Contact Details

Filer

Filer Name
Hanover Seaside Club
EIN
56-0733557
Phone
9102562726
Address
601 South Lumina Avenue, Wrightsville Beach, NC 28480

Signing Officer

Name
Laura Earnhart
Title
Treasurer
Phone
9102562726
Signed
2026-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Earnhart
Formed
1898
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
28
Volunteers
0

Preparer

Firm
EARNEY Accountants & Advisors PLLC
Address
700 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Joel French CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Cummulative effect of Accrual to Cash -45,230.”

Raw XML Appendix373 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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IRS990/PYProgramServiceRevenueAmt0869043
IRS990/PYRevenuesLessExpensesAmt077156
IRS990/PYSalariesCompEmpBnftPaidAmt0333137
IRS990/PYTotalExpensesAmt0900952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0978108
IRS990/ReconcilationRevenueExpnssAmt0316786
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0805590
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0974028
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01542680
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02942284
IRS990ScheduleD/EquipmentGrp/BookValueAmt096145
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0159970
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0256115
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt031991
IRS990ScheduleD/LandGrp/BookValueAmt0718470
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0718470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NC Income Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02214219
IRS990ScheduleD/TotalLiabilityAmt035091
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 privileges 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 a 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/ExplanationTxt5Documents required to be open for public inspection are available from the organization upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Cummulative effect of Accrual to Cash -45,230.
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 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03402765
IRS990/TotalAssetsEOYAmt03520486
IRS990/TotalAssetsGrp/BOYAmt03402765
IRS990/TotalAssetsGrp/EOYAmt03520486
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/TotalAmt0953405
IRS990/TotalGrossUBIAmt0337270
IRS990/TotalLiabilitiesBOYAmt0817448
IRS990/TotalLiabilitiesEOYAmt0663613
IRS990/TotalLiabilitiesGrp/BOYAmt0817448
IRS990/TotalLiabilitiesGrp/EOYAmt0663613
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02856873
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt01181621
IRS990/TotalReportableCompFromOrgAmt060460
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01270191
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0337270
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03520486
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IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0764182
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0622387
IRS990/USAddress/AddressLine1Txt0601 South Lumina Avenue
IRS990/USAddress/CityNm0Wrightsville Beach
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028480
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.hanoverseaside.club
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Earnhart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09102562726
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hanover Seaside Club
ReturnHeader/Filer/BusinessNameControlTxt0HANO
ReturnHeader/Filer/EIN0560733557
ReturnHeader/Filer/PhoneNum09102562726
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 South Lumina Avenue
ReturnHeader/Filer/USAddress/CityNm0Wrightsville Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028480
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561719839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EARNEY Accountants & Advisors PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 Military Cutoff Road Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilmington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028405
ReturnHeader/PreparerPersonGrp/PhoneNum09102569995
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joel French CPA
ReturnHeader/ReturnTs02026-04-10T09:48:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-11-01
ReturnHeader/TaxPeriodEndDt02025-10-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,520,486
Liabilities
$663,613
Net assets
$2,856,873
Revenue
$1,270,191
Expenses
$953,405
Net income
$316,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.52$0.66$2.86$1.27$0.95$0.32
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