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Nonprofit · EIN 56-0226706

FORSYTH COUNTRY CLUB CO

Tax-exempt · WINSTON SALEM, NC 27104

Financials

$16.2M$15.3M2023$17.9M$16.6M2024
Revenue Expenses · by fiscal year end
Financials of FORSYTH COUNTRY CLUB CO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$17,883,097$16,618,865$1,264,232$26,152,800$7,746,985$18,405,815
December 31, 2023990$16,184,642$15,317,739$866,903$25,900,500$8,799,394$17,101,106
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$17,303,456
Investment income
$290,561
Net gain from sales of assets
$180,040
Net income from sales of inventory
$210,759
Other revenue
$289,080

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$496,081
Other salaries and wages
$6,923,579
Salaries, compensation and benefits (total)
$9,149,367
Professional fundraising fees
$0
Legal fees
$15,507
Occupancy
$734,667
Travel
$61,133
Depreciation
$2,064,453

Balance sheet and other

Total assets, start of year
$25,900,500
Total assets, end of year
$26,152,800
Total liabilities, end of year
$7,746,985
Net assets, end of year
$18,405,815
Land, buildings and equipment
$18,806,605
Publicly traded securities
$662,424
Net assets without donor restrictions
$18,405,815
Gross unrelated business income
$1,611,199
Gross receipts
$18,554,977
Employees
310
Volunteers
9
Year formed
1913
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
MATTHEW JONESGOLF COURSE SUPERINTENDENT
Highest-paid employee
50$316,504$33,334
PAUL LEE SMITHCHIEF OPERATING OFFICER (DECEASED)
Officer
60$233,698$22,562
KYLE W SLAGLECHIEF FINANCIAL OFFICER
Officer
50$207,475$32,347
CHASE ADAMSHEAD GOLF PROFESSIONAL
Highest-paid employee
50$169,449$26,578
ZACH CRUMASSISTANT GENERAL MANAGER
Highest-paid employee
50$158,698$25,370
ADAM THOMSONHEAD TENNIS PROFESSIONAL
Highest-paid employee
50$142,212$29,452
LANCE COOKDIRECTOR OF CULINARY
Highest-paid employee
45$153,809$8,896
RENATE VAN STADENFITNESS DIRECTOR
Highest-paid employee
45$108,721$16,524
MICHELLE CLIFTONPRESIDENT
Trustee or director, Officer
10$0$0
TIM NERHOODVICE PRESIDENT
Trustee or director, Officer
5$0$0
WILL DOSSSECRETARY/TREASURER
Trustee or director, Officer
5$0$0
MIKE CASHINDIRECTOR
Trustee or director
5$0$0
SAMANTHA HOLLACKDIRECTOR
Trustee or director
5$0$0
BOB BOLESDIRECTOR
Trustee or director
5$0$0
JOHN FAGGDIRECTOR
Trustee or director
5$0$0
2 more people on this return
NameTitleHours / weekCompensation
JOSH CRANEDIRECTOR
Trustee or director
5$0
RAUL COLONDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
PAUL LEE SMITHCHEIF OPERATING OFFICER (DECEASED)
Officer
60$304,760$34,974
MATTHEW JONESGOLF COURSE SUPERINTENDENT
Highest-paid employee
45$184,200$18,468
CHASE ADAMSHEAD GOLF PROFESSIONAL
Highest-paid employee
45$158,572$23,394
KYLE W SLAGLECHEIF FINANCIAL OFFICER
Officer
45$147,961$28,759
ADAM THOMSONHEAD TENNIS PROFESSIONAL
Highest-paid employee
45$135,226$31,913
RENATE VAN STADENFITNESS DIRECTOR
Highest-paid employee
45$101,935$17,231
MICHELLE CLIFTONPRESIDENT
Trustee or director, Officer
10$0$0
TIM NERHOODVICE PRESIDENT
Trustee or director, Officer
5$0$0
WILL DOSSSECRETARY/TREASURER
Trustee or director, Officer
5$0$0
MIKE CASHINDIRECTOR
Trustee or director
5$0$0
SAMANTHA HOLLACKDIRECTOR
Trustee or director
5$0$0
BOB BOLESDIRECTOR
Trustee or director
5$0$0
JOHN FRAGGDIRECTOR
Trustee or director
5$0$0
JOSH CRANEDIRECTOR
Trustee or director
5$0$0
RAUL COLONDIRECTOR
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
3101 COUNTRY CLUB RD, WINSTON SALEM, NC 27104-3077
Principal officer (990 for 2024)
KYLE SLAGLE, 3101 COUNTRY CLUB ROAD, WINSTONSALEM, NC 27104
Signed the 990
KYLE SLAGLE, CHIEF FINANCIAL OFFICER
Phone
(336) 768-0220
Return prepared by
PBMARES LLP

Mission

PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL NEEDS OF ITS MEMBERS. ACTIVITIES INCLUDE GOLF, TENNIS, SWIMMING, FITNESS CENTER AND DINING.

990 for the year ended December 31, 2024

Program accomplishments

  • GOLF COURSE, GOLF SHOP AND GOLF TOURNAMENTS SERVING APPROXIMATLY 943 MEMBERS.
  • FITNESS CENTER, TENNIS COURTS AND TENNIS TOURNAMENTS SERVING APPROXIMATLY 943 MEMBERS. SWIMMING POOL SERVING APPROXIMATLY 943 MEMBERS.
  • CLUBHOUSE ACTIVITIES INCLUDING ON-SITE FOOD AND BEVERAGE SERVICES SERVING APPROXIMATLY 943 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
56-0226706
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1943
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$26,152,800
Income (IRS master file)
$18,554,977

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$17,883,097$16,618,865$26,152,800XML
990December 2023$16,184,642$15,317,739$25,900,500XML
990December 2022$15,768,606$12,852,310$25,434,688IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 56-0226706).

Questions about FORSYTH COUNTRY CLUB CO

What is the EIN of FORSYTH COUNTRY CLUB CO?
The employer identification number (EIN) of FORSYTH COUNTRY CLUB CO is 56-0226706.
Is FORSYTH COUNTRY CLUB CO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1943.
Are donations to FORSYTH COUNTRY CLUB CO tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FORSYTH COUNTRY CLUB CO 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 FORSYTH COUNTRY CLUB CO 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 FORSYTH COUNTRY CLUB CO 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 FORSYTH COUNTRY CLUB CO?
The 990 for the year ended December 31, 2024 names KYLE SLAGLE.
Who are the officers and directors of FORSYTH COUNTRY CLUB CO?
The 990 for the year ended December 31, 2024 lists 17 people; 8 received compensation from the organization, the highest $316,504 (MATTHEW JONES, GOLF COURSE SUPERINTENDENT).
How much revenue does FORSYTH COUNTRY CLUB CO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $17,883,097, expenses of $16,618,865 and total assets of $26,152,800 at year end.

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