Civic Intelligence

Unknown Organization

EIN 57-0674014 • 501(c)7

Profile

Formed for the social purposes of encouraging the playing of golf, of fostering the best traditions of the game and of furnishing facilities therefor by constructing and maintaining a golf course, a clubhouse and such other buildings incidental thereto.

237 Whooping Crane Way29926

bearcreekgolfclub.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.28x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.67x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2014

Net Margin

17th percentile

-7.1%

Higher net margin than 17% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$76,712

Higher top officer pay than 89% of similar nonprofits.

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

501(c)7 • $1M-$5M nonprofits • Source year 2014

Asset Growth

31st percentile

-1.3%

Faster asset growth than 31% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-13%

Faster revenue growth than 11% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$4,412,256

Down $60,180 (-1.3%) from 2013

Liabilities

Up

$1,227,324

Up $134,718 (+12%) from 2013

Net Assets

Down

$3,184,932

Down $194,898 (-5.8%) from 2013

Revenue

Down

$1,834,217

Down $284,552 (-13%) from 2013

Expenses

Up

$1,964,636

Up $150,245 (+8.3%) from 2013

Net Income

Down

-$130,419

Down $434,797 (-143%) from 2013

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,320,357Liabilities 2011: $1,170,522Net Assets 2011: $3,149,8352011Assets 2012: $4,209,651Liabilities 2012: $1,134,199Net Assets 2012: $3,075,4522012Assets 2013: $4,472,436Liabilities 2013: $1,092,606Net Assets 2013: $3,379,8302013Assets 2014: $4,412,256Liabilities 2014: $1,227,324Net Assets 2014: $3,184,9322014

Highlighted filing

2014

Assets$4,412,256
Liabilities$1,227,324
Net Assets$3,184,932

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,761,795Expenses 2011: $1,815,365Net Income 2011: -$53,5702011Revenue 2012: $1,747,557Expenses 2012: $1,821,940Net Income 2012: -$74,3832012Revenue 2013: $2,118,769Expenses 2013: $1,814,391Net Income 2013: $304,3782013Revenue 2014: $1,834,217Expenses 2014: $1,964,636Net Income 2014: -$130,4192014

Highlighted filing

2014

Revenue$1,834,217
Expenses$1,964,636
Net Income-$130,419

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Jun 12, 2015
Return Version
2013v4.0
Gross Receipts
$1,853,734
Mission and Program Overview

Mission

Formed for the social purposes of encouraging the playing of golf, of fostering the best traditions of the game and of furnishing facilities therefor by constructing and maintaining a golf course, a clubhouse and such other buildings incidental thereto.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,022,150$4,038,834▲ $16,684
Pd in Cap Srpls Land Bldg Eqp Fund$2,250,000$2,250,000→ $0
Rtn Earn Endowment Incm Other Fnds$1,065,351$934,932▼ $130,419
Accounts Receivable$85,118$147,906▲ $62,788
Savings and Temporary Cash Investments$167,034$94,388▼ $72,646
Inventories for Sale or Use$34,553$72,015▲ $37,462
Cash and Non-Interest-Bearing Accounts$37,640$36,062▼ $1,578
Prepaid Expenses and Deferred Charges$61,462$23,051▼ $38,411
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,407,957$4,412,256▲ $4,299
Liabilities
Mortgage Notes Payable Secured by Investment Property$969,677$978,190▲ $8,513
Accounts Payable and Accrued Expenses$122,929$165,760▲ $42,831
Deferred Revenue-$83,374-
Total Liabilities$1,092,606$1,227,324▲ $134,718
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,315,351$3,184,932▼ $130,419
Total Liabilities and Net Assets / Fund Balance$4,407,957$4,412,256▲ $4,299

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$653,489$2,543,512$3,197,001
Land$2,694,692-$2,694,692
Buildings$690,653$744,840$1,435,493
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas KeatingGolf SuperintendentFT$76,712$76,712

Board Members and Trustees

NameTitle
Dale PetersPresident
Cathy NairneVice President
Dave ProlDirector
Dick MalesDirector
Ed MayberryDirector
Jim DelligattiDirector
Jo NuceDirector
Ken GroffDirector
Paul KilkerDirector
Whiting ChismanDirector
Carol JacksonSecretary
R Michael HarterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,822,171
Investment Income
$-5,048
Other Revenue
$17,094
Change in Net Assets
$-130,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,853,734
Revenue Not Reported on Financial Statements
$-19,517
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-19,517
Total Revenue per Audited Statements
$1,853,734
Total Revenue per Form 990
$1,834,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,141,173
Salaries, Compensation, and Employee Benefits$823,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$749,109
All Other Expenses---$303,054
Insurance---$164,668
Depreciation Depletion---$144,308
Payroll Taxes---$74,354
Other Expenses---$52,984
Advertising---$47,534
Interest---$41,718
Fees for Services Management---$40,000
Fees for Services Other---$37,699
Travel---$17,873
Fees for Services Legal---$5,741
Total Functional Expenses$0$0$0$1,964,636

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,984,153
Total Expenses per Audited Statements$1,984,153
Total Expenses per Form 990$1,964,636
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-19,517
Other Expense Adjustments$-19,517
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 organization has members.

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

The governing board is elected by members of the club.

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

If the governing body wishes to change a by-law of the club, then it must be approved by the members of the club.

Form 990, Part VI, Section B, Line 11

The treasurer provides a copy of the return and the final financial report for the year and explains both documents to the board, answers any questions and ascertains that the board is satisfied that both documents are accurate.

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

The organization reviews the annual disclosures and investigates any issues that are disclosed.

Form 990, Part VI, Section B, Line 15

The board created a compensation committee who obtains and reviews pertinent data from outside sources to determine a fair and reasonable compensation level for the key employees.

Form 990, Part VI, Section C, Line 19

Any financial information is provided upon request from any outside party.

Filing and Contact Details

Filer

EIN
57-0674014
Phone
8436819510

Signing Officer

Name
R Michael Harter
Title
Treasurer
Phone
8436819510
Signed
2015-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Michael Harter
Formed
1978
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
42
Volunteers
50

Preparer

Preparer
Raymond E Warco
Phone
8437068440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Contract labor 50,941. Supplies 43,836. Taxes and licenses 43,394. Vehicle expense 39,203. Assessment 31,512. Equipment lease 26,450. Other club expenses 25,316. Bad debts 14,962. Telephone 13,236. Dues and subscriptions 7,090. Postage & shipping 4,283. Miscellaneous 2,361. Donations 300. Printing and publications 170.

FORM 990, PART XII, LINE 2C:

The oversight process has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on sale of equipment reclass from expenses -5,262. Cost of goods sold reclass from expenses -14,255.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Loss on sale of equipment reclass from revenues -5,262. Cost of goods sold reclass from revenues -14,255.

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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/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061462
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023051
IRS990/PrincipalOfficerNm0R MICHAEL HARTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/BusinessCd3713910
IRS990/ProgramServiceRevenueGrp/BusinessCd4713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1GREENS FEES
IRS990/ProgramServiceRevenueGrp/Desc2GUEST CART FEES
IRS990/ProgramServiceRevenueGrp/Desc3FOOD AND BEVERAGE
IRS990/ProgramServiceRevenueGrp/Desc4JUNIOR CAMP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01298337
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137595
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2108164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt376825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01298337
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1176777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2167405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3134696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt422908
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0139182
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt159241
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt257871
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt322908
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-67881
IRS990/PYOtherExpensesAmt01032750
IRS990/PYOtherRevenueAmt049673
IRS990/PYProgramServiceRevenueAmt02136977
IRS990/PYRevenuesLessExpensesAmt0304378
IRS990/PYSalariesCompEmpBnftPaidAmt0781641
IRS990/PYTotalExpensesAmt01814391
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02118769
IRS990/ReconcilationRevenueExpnssAmt0-130419
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01065351
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0934932
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0167034
IRS990/SavingsAndTempCashInvstGrp/EOYAmt094388
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0690653
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0744840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01435493
IRS990ScheduleD/EquipmentGrp/BookValueAmt0653489
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02543512
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03197001
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-19517
IRS990ScheduleD/ExpensesSubtotalAmt01984153
IRS990ScheduleD/LandGrp/BookValueAmt02694692
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02694692
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-19517
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-19517
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-19517
IRS990ScheduleD/RevenueSubtotalAmt01853734
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON SALE OF EQUIPMENT RECLASS FROM EXPENSES -5,262. COST OF GOODS SOLD RECLASS FROM EXPENSES -14,255.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF EQUIPMENT RECLASS FROM REVENUES -5,262. COST OF GOODS SOLD RECLASS FROM REVENUES -14,255.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04038834
IRS990ScheduleD/TotalExpensesPerForm990Amt01964636
IRS990ScheduleD/TotalRevenuePerForm990Amt01834217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01853734
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01984153
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD IS ELECTED BY MEMBERS OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THE GOVERNING BODY WISHES TO CHANGE A BY-LAW OF THE CLUB, THEN IT MUST BE APPROVED BY THE MEMBERS OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TREASURER PROVIDES A COPY OF THE RETURN AND THE FINAL FINANCIAL REPORT FOR THE YEAR AND EXPLAINS BOTH DOCUMENTS TO THE BOARD, ANSWERS ANY QUESTIONS AND ASCERTAINS THAT THE BOARD IS SATISFIED THAT BOTH DOCUMENTS ARE ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE ANNUAL DISCLOSURES AND INVESTIGATES ANY ISSUES THAT ARE DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD CREATED A COMPENSATION COMMITTEE WHO OBTAINS AND REVIEWS PERTINENT DATA FROM OUTSIDE SOURCES TO DETERMINE A FAIR AND REASONABLE COMPENSATION LEVEL FOR THE KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY FINANCIAL INFORMATION IS PROVIDED UPON REQUEST FROM ANY OUTSIDE PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACT LABOR 50,941. SUPPLIES 43,836. TAXES AND LICENSES 43,394. VEHICLE EXPENSE 39,203. ASSESSMENT 31,512. EQUIPMENT LEASE 26,450. OTHER CLUB EXPENSES 25,316. BAD DEBTS 14,962. TELEPHONE 13,236. DUES AND SUBSCRIPTIONS 7,090. POSTAGE & SHIPPING 4,283. MISCELLANEOUS 2,361. DONATIONS 300. PRINTING AND PUBLICATIONS 170.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE OVERSIGHT 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 11
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 IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04407957
IRS990/TotalAssetsEOYAmt04412256
IRS990/TotalAssetsGrp/BOYAmt04407957
IRS990/TotalAssetsGrp/EOYAmt04412256
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/TotalAmt01964636
IRS990/TotalGrossUBIAmt0283987
IRS990/TotalLiabilitiesBOYAmt01092606
IRS990/TotalLiabilitiesEOYAmt01227324
IRS990/TotalLiabilitiesGrp/BOYAmt01092606
IRS990/TotalLiabilitiesGrp/EOYAmt01227324
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03315351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03184932
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt020410
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt022048
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt01638
IRS990/TotalProgramServiceRevenueAmt01822171
IRS990/TotalReportableCompFromOrgAmt076712
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01550230
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01834217
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0283987
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04407957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04412256
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt017873
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10237 WHOOPING CRANE WAY
IRS990/USAddress/City0HILTON HEAD ISLAND
IRS990/USAddress/State0SC
IRS990/USAddress/ZIPCode029926
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0BEARCREEKGOLFCLUB.ORG

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