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Nonprofit · EIN 56-1313779

THE COUNTRY CLUB OF SAPPHIRE VALLEY INC

Tax-exempt · CASHIERS, NC 28717

Financials

$13.3M$9.6M2023$11.9M$10.8M2024
Revenue Expenses · by fiscal year end
Financials of THE COUNTRY CLUB OF SAPPHIRE VALLEY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,858,883$10,816,854$1,042,029$34,673,414$11,035,263$23,638,151
December 31, 2023990$13,304,475$9,587,941$3,716,534$33,038,428$10,332,584$22,705,844
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,170,949
Investment income
$159,367
Net gain from sales of assets
-$8,633
Net income from sales of inventory
$2,528,567
Other revenue
$2,528,567

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$4,029,272
Salaries, compensation and benefits (total)
$4,686,103
Professional fundraising fees
$0
Occupancy
$283,784
Depreciation
$2,000,851
Program services (functional)
$6,381,304
Management and general (functional)
$4,435,550

Balance sheet and other

Total assets, start of year
$33,038,428
Total assets, end of year
$34,673,414
Total liabilities, end of year
$11,035,263
Net assets, end of year
$23,638,151
Land, buildings and equipment
$27,651,177
Net assets without donor restrictions
$23,638,151
Gross unrelated business income
$168,000
Gross receipts
$12,900,287
Employees
87
Year formed
1978
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ASHTON HARRISGENERAL MANA
Key employee
40$256,843$8,080
NICHOLAS PURKARICHEMPLOYEE
Highest-paid employee
–$115,047$11,552
DAVID CUNNINGHAMVICE PRESIDE
Trustee or director, Officer
10$0$0
STOTE ELLSWORTHDIRECTOR
Trustee or director
5$0$0
MOLLY FELDMANSECRETARY
Trustee or director, Officer
10$0$0
CHRISTINE GADDISDIRECTOR
Trustee or director
5$0$0
JIM GRANTPRESIDENT
Trustee or director, Officer
10$0$0
STEPHANIE NOVEMBERDIRECTOR
Trustee or director
5$0$0
GUY PETERSONDIRECTOR
Trustee or director
5$0$0
LEE THOMASTREASURER
Trustee or director, Officer
10$0$0
ED TYLERDIRECTOR
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
ASHTON HARRISGENERAL MANA
Key employee
40$324,580$10,806
NICHOLAS PURKARICHEMPLOYEE
Highest-paid employee
40$171,403$8,032
SIDNEY TRUESDALEEMPLOYEE
Highest-paid employee
40$137,044$5,847
DEAN PUGELEMPLOYEE
Highest-paid employee
40$126,241$11,922
DAVID CUNNINGHAMTREASURER
Trustee or director, Officer
10$0$0
MOLLY FELDMANSECRETARY
Trustee or director, Officer
10$0$0
CHRISTINE GADDISDIRECTOR
Trustee or director
5$0$0
JIM GRANTVICE PRESIDE
Trustee or director, Officer
10$0$0
ED HUGHESDIRECTOR
Trustee or director
5$0$0
GUY PETERSONDIRECTOR
Trustee or director
5$0$0
MILES RUSSPRESIDENT
Trustee or director, Officer
10$0$0
ALLEN TANSILDIRECTOR
Trustee or director
5$0$0
ED TYLERDIRECTOR
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
PO BOX 1100, CASHIERS, NC 28717-1100
Principal officer (990 for 2024)
JIM GRANT
Signed the 990
LEE THOMAS, TREASURER
Phone
(828) 743-2462
Return prepared by
ERIC T MOODY CPA PA

Mission

NON-PROFIT PRIVATE COUNTRY CLUB PROVIDING GOLF,TENNIS,CROQUET,FITNESS, POOL,DINING FACILITIES AND OTHER ACTIVITIES FOR APPROXIMATELY 350 MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • NON-PROFIT PRIVATE COUNTRY CLUB PROVIDING GOLF,TENNIS,CROQUET,FITNESS, POOL,DINING FACILITIES AND OTHER ACTIVITIES FOR APPROXIMATELY 350 MEMBERS
    Expenses $6,381,304 · revenue $9,170,949
  • NON-PROFIT PRIVATE COUNTRY CLUB PROVIDING GOLF,TENNIS,CROQUET,FITNESS, POOL,DINING FACILITIES AND OTHER ACTIVITIES FOR APPROXIMATELY 350 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, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1313779
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$34,673,414
Income (IRS master file)
$12,900,287

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,858,883$10,816,854$34,673,414IRS
990December 2023$13,304,475$9,587,941$33,038,428XML
990December 2022$9,808,527$8,032,966$25,988,531IRS
990December 2021$10,087,143$6,689,660$23,447,358IRS
990December 2020–––IRS
990February 2019–––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 56-1313779).

Questions about THE COUNTRY CLUB OF SAPPHIRE VALLEY INC

What is the EIN of THE COUNTRY CLUB OF SAPPHIRE VALLEY INC?
The employer identification number (EIN) of THE COUNTRY CLUB OF SAPPHIRE VALLEY INC is 56-1313779.
Is THE COUNTRY CLUB OF SAPPHIRE VALLEY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1987.
Are donations to THE COUNTRY CLUB OF SAPPHIRE VALLEY INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does THE COUNTRY CLUB OF SAPPHIRE VALLEY 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 THE COUNTRY CLUB OF SAPPHIRE VALLEY 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 THE COUNTRY CLUB OF SAPPHIRE VALLEY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE COUNTRY CLUB OF SAPPHIRE VALLEY INC?
The 990 for the year ended December 31, 2024 names JIM GRANT.
Who are the officers and directors of THE COUNTRY CLUB OF SAPPHIRE VALLEY INC?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $256,843 (ASHTON HARRIS, GENERAL MANA).
How much revenue does THE COUNTRY CLUB OF SAPPHIRE VALLEY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,858,883, expenses of $10,816,854 and total assets of $34,673,414 at year end.

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