Nonprofit · EIN 23-7221475
OLDE FOREST RACQUET CLUB INC
Tax-exempt · ELON, NC 27244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $918,929 | $815,115 | $103,814 | $1,359,419 | $398,252 | $961,167 |
| September 30, 2024 | 990 | $890,704 | $780,228 | $110,476 | $1,330,375 | $473,022 | $857,353 |
| September 30, 2023 | 990 | $883,117 | $774,744 | $108,373 | $1,312,685 | $563,019 | $749,666 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $794,846
- Membership dues
- $794,846
- Program service revenue
- $113,536
- Investment income
- $10,547
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $397,748
- Salaries, compensation and benefits (total)
- $432,063
- Professional fundraising fees
- $0
- Accounting fees
- $7,940
- Occupancy
- $143,158
- Depreciation
- $77,873
Balance sheet and other
- Total assets, start of year
- $1,330,375
- Total assets, end of year
- $1,359,419
- Total liabilities, end of year
- $398,252
- Net assets, end of year
- $961,167
- Land, buildings and equipment
- $1,060,812
- Net assets without donor restrictions
- $961,167
- Gross unrelated business income
- $32,323
- Gross receipts
- $918,929
- Employees
- 73
- Volunteers
- 70
- Year formed
- 1972
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANNON MARSHALL HUGHES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHELTON WILLIAMS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| WOODY PELTON | SECRETARY Trustee or director, Officer | 1 | $0 |
| CATHI ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| JULIE MCPHERSON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT DOVE | DIRECTOR Trustee or director | 1 | $0 |
| DIANE SMITH | TREASURER Trustee or director, Officer | 1 | $0 |
| HOLLY GROH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON UPTON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHANNON MARSHALL-HUGHES | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KENNY WINTER | TREASURER Trustee or director, Officer | 1 | $0 |
| WOODY PELTON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE MCPHERSON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT DOVE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL TAPLER | SECRETARY Trustee or director, Officer | 1 | $0 |
| DIANE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| NELLIE ANGYAL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON UPTON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHANNON MARSHALL-HUGHES | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KENNY WINTER | TREASURER Trustee or director, Officer | 1 | $0 |
| WOODY PELTON | DIRECTOR Trustee or director | 1 | $0 |
| SILVIA GAHM | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT DOVE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL TAPLER | DIRECTOR Trustee or director | 1 | $0 |
| DIANE SMITH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 PINEDALE DR, ELON, NC 27244-9361
- Principal officer (990 for 2024)
- SHELTON WILLIAMS, 200 PINEDALE DR, ELON, NC 27244
- Signed the 990
- SHELTON WILLIAMS, PRESIDENT
- Phone
- (336) 449-7121
- Website
- WWW.OLDEFOREST.COM
- Return prepared by
- GILLIAM BELL MOSER LLP
Mission
TO PROVIDE RECREATIONAL ACTIVITIES FOR MEMBERS AND THEIR GUESTS.
Program accomplishments
- TENNIS & SWIMMING RECREATIONAL ACTIVITIES FOR 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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7221475
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,359,419
- Income (IRS master file)
- $918,929
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $918,929 | $815,115 | $1,359,419 | XML |
| 990 | September 2024 | $890,704 | $780,228 | $1,330,375 | XML |
| 990 | September 2023 | $883,117 | $774,744 | $1,312,685 | XML |
| 990 | September 2022 | $790,107 | $717,552 | $1,256,002 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 23-7221475).
Questions about OLDE FOREST RACQUET CLUB INC
- What is the EIN of OLDE FOREST RACQUET CLUB INC?
- The employer identification number (EIN) of OLDE FOREST RACQUET CLUB INC is 23-7221475.
- Is OLDE FOREST RACQUET CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1974.
- Are donations to OLDE FOREST RACQUET CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OLDE FOREST RACQUET 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 OLDE FOREST RACQUET CLUB INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLDE FOREST RACQUET CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OLDE FOREST RACQUET CLUB INC?
- The 990 for the year ended September 30, 2025 names SHELTON WILLIAMS.
- Who are the officers and directors of OLDE FOREST RACQUET CLUB INC?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does OLDE FOREST RACQUET CLUB INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $918,929, expenses of $815,115 and total assets of $1,359,419 at year end.
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