Civic Intelligence

Old Chatham Golf Club

990 • Fiscal year 2014 • EIN 56-2160577

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization Profileoldchathamgolf.org

View Organization Page

1480 Okelly Chapel RoadDurham, NC 27713

(919) 361-1400

Siviq Scores

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

Liabilities / Assets

96th percentile

0.90x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

4.95x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2014

Net Margin

1st percentile

-26%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$214,137

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2014

Asset Growth

34th percentile

-1.6%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

6.3%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$18,288,020

Down $289,783 (-1.6%) from 2013

Net Assets

Down

$1,809,306

Down $374,077 (-17%) from 2013

Liabilities

Up

$16,478,714

Up $84,294 (+0.5%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Up

$3,328,530

Up $198,091 (+6.3%) from 2013

Expenses

Up

$4,206,182

Up $196,898 (+4.9%) from 2013

Net Income

Up

-$877,652

Up $1,193 (+0.1%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $19,607,161Liabilities 2010: $15,612,050Net Assets 2010: $3,995,1112010Assets 2011: $19,005,957Liabilities 2011: $15,713,351Net Assets 2011: $3,292,6062011Assets 2012: $18,998,369Liabilities 2012: $16,353,185Net Assets 2012: $2,645,1842012Assets 2013: $18,577,803Liabilities 2013: $16,394,420Net Assets 2013: $2,183,3832013Assets 2014: $18,288,020Liabilities 2014: $16,478,714Net Assets 2014: $1,809,3062014Assets 2015: $17,919,868Liabilities 2015: $16,796,354Net Assets 2015: $1,123,5142015Assets 2016: $18,147,324Liabilities 2016: $18,221,289Net Assets 2016: -$73,9652016Assets 2017: $17,853,486Liabilities 2017: $18,288,709Net Assets 2017: -$435,2232017Assets 2018: $19,042,861Liabilities 2018: $18,417,510Net Assets 2018: $625,3512018Assets 2019: $18,894,707Liabilities 2019: $18,252,231Net Assets 2019: $642,4762019Assets 2020: $19,011,708Liabilities 2020: $16,485,917Net Assets 2020: $2,525,7912020Assets 2021: $20,568,212Liabilities 2021: $15,278,086Net Assets 2021: $5,290,1262021Assets 2022: $22,950,625Liabilities 2022: $15,400,989Net Assets 2022: $7,549,6362022Assets 2023: $23,681,275Liabilities 2023: $15,593,381Net Assets 2023: $8,087,8942023Assets 2024: $24,896,866Liabilities 2024: $15,131,734Net Assets 2024: $9,765,1322024

Highlighted filing

2014

Assets$18,288,020
Liabilities$16,478,714
Net Assets$1,809,306
Open 2014 Filing

Operations Trend

Revenue Growth71st percentile

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

$10M$5.0M$0-$5.0MRevenue 2010: $2,780,855Expenses 2010: $3,745,161Net Income 2010: -$964,3062010Revenue 2011: $2,842,448Expenses 2011: $3,771,303Net Income 2011: -$928,8552011Expenses 2012: $3,701,2812012Revenue 2013: $3,130,439Expenses 2013: $4,009,284Net Income 2013: -$878,8452013Revenue 2014: $3,328,530Expenses 2014: $4,206,182Net Income 2014: -$877,6522014Revenue 2015: $3,354,376Expenses 2015: $4,285,063Net Income 2015: -$930,6872015Revenue 2016: $3,452,362Expenses 2016: $4,488,991Net Income 2016: -$1,036,6292016Revenue 2017: $3,906,058Expenses 2017: $4,509,096Net Income 2017: -$603,0382017Revenue 2018: $5,496,449Expenses 2018: $4,849,984Net Income 2018: $646,4652018Revenue 2019: $5,265,291Expenses 2019: $5,573,091Net Income 2019: -$307,8002019Revenue 2020: $6,902,105Expenses 2020: $5,303,057Net Income 2020: $1,599,0482020Revenue 2021: $7,510,404Expenses 2021: $5,647,948Net Income 2021: $1,862,4562021Revenue 2022: $7,334,625Expenses 2022: $6,074,894Net Income 2022: $1,259,7312022Revenue 2023: $6,479,883Expenses 2023: $7,114,942Net Income 2023: -$635,0592023Revenue 2024: $7,101,782Expenses 2024: $7,218,792Net Income 2024: -$117,0102024

Highlighted filing

2014

Revenue$3,328,530
Expenses$4,206,182
Net Income-$877,652
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$3,762,894
Mission and Program Overview

Mission

The club is a member-owned private golf club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,779,656$17,374,576▼ $405,080
Cap Stk Tr Prin Current Funds$11,465,564$11,969,139▲ $503,575
Accounts Receivable$526,591$603,140▲ $76,549
Inventories for Sale or Use$127,762$154,642▲ $26,880
Savings and Temporary Cash Investments$139,622$111,342▼ $28,280
Prepaid Expenses and Deferred Charges$4,172$44,320▲ $40,148
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-9,282,181$-10,159,833▼ $877,652
Total Assets$18,577,803$18,288,020▼ $289,783
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$10,880,879$11,009,352▲ $128,473
Mortgage Notes Payable Secured by Investment Property$5,332,654$5,243,701▼ $88,953
Accounts Payable and Accrued Expenses$180,887$225,661▲ $44,774
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$16,394,420$16,478,714▲ $84,294
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,183,383$1,809,306▼ $374,077
Total Liabilities and Net Assets / Fund Balance$18,577,803$18,288,020▼ $289,783

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,291,414$3,255,653$10,547,067
Buildings$4,076,801$1,403,756$5,480,557
Land$5,284,127-$5,284,127
Equipment$722,234$1,945,208$2,667,442
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John H MarinoDirector of OperationsFT$170,492$43,645$214,137
Walter B PowellSuperintendentFT$144,720$19,367$164,087

Board Members and Trustees

NameTitle
M Allen WilsonPresident
M Rex Teaney IiVice President
A L Hobgood IiiDirector
Albert L MorrisDirector
Donald P ParsonDirector
George M BrannonDirector
George S Leight Jr MdDirector
James a WalkerDirector
John M McdonaldDirector
Peter J MeehanDirector
Richard L DaughertyDirector
Kirk J BradleySecretary
Kenneth B Lee JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,927,608
Investment Income
$0
Other Revenue
$400,922
Change in Net Assets
$-877,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,152,555
Other Expenses$2,053,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,485,429
Depreciation Depletion---$642,533
Current Officers, Directors, Trustees, and Key Employees---$389,902
Other Expenses---$335,631
Interest---$291,498
Payroll Taxes---$162,540
All Other Expenses---$100,208
Office Expenses---$91,361
Occupancy---$90,858
Other Employee Benefits---$87,352
Advertising---$61,784
Insurance---$52,982
Pension Plan Contributions---$27,332
Fees for Services Accounting---$17,866
Travel---$13,878
Fees for Services Legal---$7,772
Total Functional Expenses$0$0$0$4,206,182
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Initiation Fees$5,086,750
Refundable Mandatory Capital C$3,894,057
Refundable Clubhouse Assessmen$2,028,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Old Chatham Golf Club
EIN
56-2160577
In Care Of
% CHRISTY JONES
Phone
9193611400
Address
1480 OKELLY CHAPEL ROAD, DURHAM, NC 27713

Signing Officer

Name
Kenneth B Lee Jr
Title
Treasurer
Phone
9197878212
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth B Lee Jr
Formed
1999
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
94

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Ronald A Batchelor
Phone
9197878212
Supplemental Narrative

Additional Explanations

Form 990 Review Process

“The form 990 is reviewed by the president, treasurer, and controller.”

Compensation Review Process

“Compensation of the head golf professional and the golf course superintendent is determined by the board of directors in executive session after review of performance, pay histories, industry comparison, and the financial capabilities of the club.”

Documents Available to the Public

“As old chatham golf club is a private club, these documents are not generally made public. They may be provided to lenders, prospective lenders, and others at the discretion of the president and/or treasurer.”

Part XI, Line 5 - Reconcilliation of Net Assets

“Other changes in net assets: ============================ decrease in refundable initiation fees $(140,000) increase in nonrefundable initiation fees 638,956 decrease in initiation fees receivable 4,619 --------- total other changes net assets $ 503,575 =========”

Raw XML AppendixShowing 400 of 507 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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14SUPERINTENDENT
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt236470
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt024000
IRS990/OtherRevenueTotalAmt0181340
IRS990/OtherSalariesAndWagesGrp/TotalAmt01485429
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/TotalAmt0162540
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044320
IRS990/PrincipalOfficerNm0KENNETH B LEE JR
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IRS990/PYRevenuesLessExpensesAmt0-878845
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,288,020
Liabilities
$16,478,714
Net assets
$1,809,306
Revenue
$3,328,530
Expenses
$4,206,182
Net income
-$877,652
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$15.1$9.77$7.10$7.22$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$15.6$8.09$6.48$7.11$0.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$15.4$7.55$7.33$6.07$1.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$15.3$5.29$7.51$5.65$1.86
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$16.5$2.53$6.90$5.30$1.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$18.3$0.64$5.27$5.57$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$18.4$0.63$5.50$4.85$0.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$18.3$0.44$3.91$4.51$0.60
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$18.2$0.07$3.45$4.49$1.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$16.8$1.12$3.35$4.29$0.93
2014Detailed filing. Detailed filing data is available for this year.$18.3$16.5$1.81$3.33$4.21$0.88
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$16.4$2.18$3.13$4.01$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$16.4$2.65$3.70
2011Summary only. Only limited summary data is available for this year.$19.0$15.7$3.29$2.84$3.77$0.93
2010Summary only. Only limited summary data is available for this year.$19.6$15.6$4.00$2.78$3.75$0.96