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Nonprofit · EIN 56-0620324

PINE LAKE COUNTRY CLUB INC

Tax-exempt · CHARLOTTE, NC 28227

Financials

$5.1M$4.5M2023
Revenue Expenses · by fiscal year end
Financials of PINE LAKE COUNTRY CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$5,054,790$4,473,728$581,062$4,777,119$3,454,605$1,322,514
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,353,234
Investment income
$0
Net income from sales of inventory
$701,556
Other revenue
$701,556

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$219,615
Other salaries and wages
$2,020,753
Salaries, compensation and benefits (total)
$2,648,114
Professional fundraising fees
$0
Occupancy
$175,139
Depreciation
$204,373

Balance sheet and other

Total assets, start of year
$4,587,547
Total assets, end of year
$4,777,119
Total liabilities, end of year
$3,454,605
Net assets, end of year
$1,322,514
Land, buildings and equipment
$2,511,210
Net assets without donor restrictions
$1,322,514
Gross unrelated business income
$136,139
Gross receipts
$5,599,066
Employees
89
Year formed
1952
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
BERT MORALESCEO/GENERAL
Officer
40$160,000
GEORGE THISTRUPCONTROLLER
Officer
40$59,615
TODD SAGMOEPRESIDENT
Trustee or director, Officer
2$0
CHRIS BUHSEVICE PRESIDE
Trustee or director, Officer
2$0
THEO BLACKSECRETARY
Trustee or director, Officer
2$0
ROBERT K MARR JRTREASURER
Trustee or director, Officer
2$0
JOHN CERVANTESDIRECTOR
Trustee or director
2$0
MIKE KUFLIKDIRECTOR
Trustee or director
2$0
AARON HELMSDIRECTOR
Trustee or director
2$0
REAGAN FULKDIRECTOR
Trustee or director
2$0
BOBBY DEANDIRECTOR
Trustee or director
2$0
DAVID BATTENDIRECTOR
Trustee or director
2$0
BETH HANRAHANDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 690490, CHARLOTTE, NC 28227-7009
Principal officer (990 for 2023)
TODD SAGMOE, PO BOX 690490, CHARLOTTE, NC 28227
Signed the 990
ROBERT K MARR JR, TREASURER
Phone
(704) 545-4513
Return prepared by
SCOTT AND COMPANY LLC

Mission

TO PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.

990 for the year ended December 31, 2023

Program accomplishments

  • THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, A GOLF COURSE, SWIMMING POOL, AND DINING ROMMS TO ITS MEMBERS.
  • THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, A GOLF COURSE, SWIMMING POOL, AND DINING ROMMS TO ITS MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-0620324
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1965
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,777,119
Income (IRS master file)
$5,599,066

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$5,054,790$4,473,728$4,777,119XML
990December 2022$4,171,295$3,879,372$4,775,327IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0620324).

Questions about PINE LAKE COUNTRY CLUB INC

What is the EIN of PINE LAKE COUNTRY CLUB INC?
The employer identification number (EIN) of PINE LAKE COUNTRY CLUB INC is 56-0620324.
Is PINE LAKE COUNTRY CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1965.
Are donations to PINE LAKE COUNTRY CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PINE LAKE COUNTRY CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PINE LAKE COUNTRY CLUB INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PINE LAKE COUNTRY CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of PINE LAKE COUNTRY CLUB INC?
The 990 for the year ended December 31, 2023 names TODD SAGMOE.
Who are the officers and directors of PINE LAKE COUNTRY CLUB INC?
The 990 for the year ended December 31, 2023 lists 13 people; 2 received compensation from the organization, the highest $160,000 (BERT MORALES, CEO/GENERAL).
How much revenue does PINE LAKE COUNTRY CLUB INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $5,054,790, expenses of $4,473,728 and total assets of $4,777,119 at year end.

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