The Surf Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560421616 ✦ Wrightsville beach, NC ✦ Designated as a 501(c)(7)

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Overview

What is The Surf Club Inc?

The Surf Club Inc, located in Wrightsville Beach, North Carolina, is a seasonal social club that primarily caters to its members and their guests. Established at 1 Mallard Street, this nonprofit organization offers dining facilities and various entertainment activities throughout the year, from March to December. With a dedicated workforce of 78 individuals, The Surf Club Inc focuses on providing a social atmosphere for its membership, promoting camaraderie and leisure experiences.


Official website here: www.surfclubnc.com

Is The Surf Club Inc legitimate?

The Surf Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Surf Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $399,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,141,079

For more financial information, click here


Official website here: www.surfclubnc.com

What is the mission statement of The Surf Club Inc?

The Surf Club Inc's mission is centered around providing social, dining, and entertainment opportunities for its membership. Specifically, the club aims to offer a platform where members and their guests can engage in these activities. The club's operations include serving meals and providing dining facilities, operating on a seasonal basis from March through December annually.


Official website here: www.surfclubnc.com

Who is the CEO of The Surf Club Inc?

John M Tetterton is the President of The Surf Club Inc.


Official website here: www.surfclubnc.com

What is the revenue of The Surf Club Inc?

The Surf Club Inc's revenue in 2022 was $3,570,201.


Official website here: www.surfclubnc.com

Who are the executives of The Surf Club Inc and what are their salaries?

The average compensation at The Surf Club Inc during 2022 was $19,757. There are 78 employees and 12 volunteers at The Surf Club Inc.


Here are 12 key members and their salaries:


John M Tetterton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher N Reid (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William W Stanfield Iii (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis A Burney Jr (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Allen Rippy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry A Mannen Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sprunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr W Chris Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard A Penton Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raiford Trask Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Logar (General Manager)
  • Compensation: $231,068
  • Related: $0
  • Other: $0
Osono Hiroshi (Chef)
  • Compensation: $117,168
  • Related: $0
  • Other: $0


Official website here: www.surfclubnc.com

Where can I find the form 990 for The Surf Club Inc?

The Surf Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.surfclubnc.com

Learn more at the official website: www.surfclubnc.com

Mission Statement of The Surf Club Inc

The Surf Club Inc, as a social club, is committed to offering social, dining, and entertainment activities for its membership. Its primary mission is to provide an engaging environment where members and their guests can enjoy meals and engage in various leisure activities. The club operates on a seasonal basis, extending its services from March through December annually.

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Impact




October, 2024

The Surf Club Inc plays a vital role in enhancing community engagement and social interaction at Wrightsville Beach, NC. By providing meals and dining facilities, the club creates a welcoming environment where members and their guests can gather, fostering a sense of belonging and camaraderie. Operating seasonally from March through December, it enriches the local culture through organized social, dining, and entertainment activities. These offerings not only contribute to the quality of life for its members but also stimulate the local economy by attracting visitors during its active months. Overall, The Surf Club Inc serves as a crucial hub for recreation and community connection in the area.




This information is meant to be a general summary of The Surf Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,570,201 (2022)
Expenses
$2,834,365 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $395,827
  • Program Service Revenue: $1,840,267
  • Gross Receipts: $4,149,292

Assets and Liabilities:

  • Total Assets: $10,545,345
  • Total Liabilities: $390,925
  • Net Assets: $10,154,420

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues

Revenue

$1,697,640

Miscellaneous Income

Revenue

$142,627

Organization Details

Founding Year

1941

Principal Officer

John M Tetterton

Main Address

1 Mallard Street, Wrightsville Beach, NC, 28480

NTEE Category

Code: N60 - Recreation

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