Paschal Golf Club Inc in Wake Forest, North Carolina (NC)

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Paschal Golf Club Inc
Employer Identification Number (EIN)560637645
Name of OrganizationPaschal Golf Club Inc
AddressPO BOX 222, Wake Forest, NC 27588-0222
ActivitiesOther sports club
SubsectionSocial Welfare Organization
Ruling Date12/1986
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$141,159
Amount of Income$187,537
Form 990 Revenue Amount$181,960


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20092011201220132014
Total revenue$137,598$159,914$179,861$181,960
Contributions, gifts, grants, and similar amounts received$0$0$0$2,120
Program service revenue including government fees and contracts$0$0$133,364$0
Membership dues and assessments$37,308$37,808$38,690$35,481
Investment income$3,575$3,911$26$301
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0$0
Gross profit/loss from sales of inventory$2,997$2,679$3,496$6,349
Gross sales of inventory, less returns and allowances$9,689$9,706$10,820$11,927
Less: cost of goods sold$6,692$7,027$7,324$5,577
Other revenue$93,728$115,516$4,285$137,707
Total expenses$153,481$154,745$179,424$193,855
Total net assets$147,526$126,421$152,655$140,760
Excess/Deficit for the year$-15,883$5,169$437$-11,895
Net assets or fund balances at beginning of year$159,747$112,232$151,781$152,655
Other changes in net assets or fund balances$3,662$9,020$437$0
Net assets or fund balances at end of year$153,093$140,760
Balance Sheets
20092011201220132014
Total assets$149,592$126,819$152,617$153,154$141,159
Total liabilities$2,066$398$398$497$399
Net assets or fund balances$147,526$126,421$152,655$140,760
Other Information
20092011201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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