TY 2018 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) TEMPLE MOORE......................................................................
PRESIDENT

4.00
.................

(2) WADE COLLINS......................................................................
VICE PRESIDENT

2.00
.................

(3) STUART SHIELDS......................................................................
TREASURER

2.00
.................

(4) VANCE KISER......................................................................
SECRETARY

2.00
.................

(5) RYAN MOTLEY......................................................................
BOARD MEMBER

0.00
.................

(6) TIM SHELTON......................................................................
BOARD MEMBER

0.00
.................

(7) TOMMY MATHENA......................................................................
BOARD MEMBER

0.00
.................

(8) JACOB HARDY......................................................................
BOARD MEMBER

0.00
.................

(9) DEREK EDMONDS......................................................................
BOARD MEMBER

0.00
.................

(10) CHRIS BAKER......................................................................
BOARD MEMBER

0.00
.................

(11) BRENT GAMMON......................................................................
BOARD MEMBER

0.00
.................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

LAUREL INCORPORATED
T/A TUSCARORA COUNTRY CLUB

Employer identification number

54-6043596

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THERE ARE MEMBERS OF THE CLUB AND STOCKHOLDERS WHO ARE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS ON THE BOARD OF DIRECTORS CAN ELECT FOR NEW MEMBERSHIPS.
FORM 990, PART VI, SECTION A, LINE 7B	MINUTES ARE KEPT FROM EACH MEETING.
FORM 990, PART VI, SECTION A, LINE 8B	NOT APPLICABLE
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD WILL REVIEW BEFORE 990 IS SUBMITTED.
FORM 990, PART VI, SECTION C, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART IX, LINE 24E	REPAIRS PROSHOP/TAP & GRILL/GREENS/HOUSE & GROUNDS/POOL/ GENERAL & ADMIN.: PROGRAM SERVICE EXPENSES 39,914. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,914. OTHER TAXES: PROGRAM SERVICE EXPENSES 21,851. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,851. CARTS AND CARS EXPENSE: PROGRAM SERVICE EXPENSES 17,913. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,913. GAS & OIL: PROGRAM SERVICE EXPENSES 12,737. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,737. JANITORIAL/CLEANING: PROGRAM SERVICE EXPENSES 8,168. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,168. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,687. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,687. DRIVING RANGE, HANDICAP, & TOWEL FEES: PROGRAM SERVICE EXPENSES 6,840. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,840. TELEPHONE: PROGRAM SERVICE EXPENSES 5,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,975. MISCELLANEOUSE EXPENSES: PROGRAM SERVICE EXPENSES 4,449. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,449. PRINTING & POSTAGE: PROGRAM SERVICE EXPENSES 4,140. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,140. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 3,397. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,397. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 2,507. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,507. EQUIPMENT RENT: PROGRAM SERVICE EXPENSES 454. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 454.
FORM 990, PART XII, LINE 2C:	NO CHANGE FROM PRIOR YEAR

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE RECREATIONAL/SOCIAL SERVICES AND EVENTS TO THE MEMBERS AND GUESTS OF THE COUNTRY CLUB
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	504,954	505,116
9	Program service revenue (Part VIII, line 2g) .........	231,756	229,003
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	5	6
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	159,905	68,622
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	896,620	802,747
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	382,834	399,145
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	493,397	544,560
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	876,231	943,705
19	Revenue less expenses. Subtract line 18 from line 12.......	20,389	-140,958
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	753,735	550,007
21	Total liabilities (Part X, line 26).............	1,181,748	1,118,978
22	Net assets or fund balances. Subtract line 21 from line 20.....	-428,013	-568,971

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 842,598 including grants of $ ) (Revenue $ )
	LAUREL, INCORPORATED, T/A TUSCARORA COUNTRY CLUB, EXEMPT PURPOSE IS TO PROVIDE SUITABLE BUILDINGS, COURTS, POOLS, GOLF COURSE, AND OTHER FACILITIES FOR THE OPERATION OF A PRIVATE COUNTRY CLUB TO BE USED EXCLUSIVELY FOR THE RECREATION AND AMUSEMENT OF THE MEMBER AND THEIR GUESTS, IN THE DANVILLE, VIRGINIA AREA. DURING THE YEAR ENDED JUNE 30, 2019, THE COUNTRY CLUB SERVED APPROXIMATELY 240 MEMBERS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses842,598

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b	504,721
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	395

g	Noncash contributions included in lines 1a - 1f:$
h Total. Add lines 1a-1f.......		505,116

		Business Code
2a	PRIVATE SHED	713910	56,274	56,274
b	TOURNAMENT FEES	713910	51,147	51,147
c	GREENS FEES	713910	17,852	17,852
d	LOCKER/BALLROOM/TAPROO	713910	15,734	15,734
e	CART RENTALS	713910	10,697	10,697
f	All other program service revenue.		77,299	77,299
g	Total. Add lines 2a–2f ....		229,003

3 Investment income (including dividends, interest, and othersimilar amounts) ......			6	6
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a		137,847
b	Less: cost of goods sold ..b		69,225
c	Net income or (loss) from sales of inventory..			68,622	68,622
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			802,747	297,631	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to domestic individuals. See Part IV, line 22
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	353,834	281,740	72,094
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	18,824	14,989	3,835
10	Payroll taxes ...........	26,487	21,090	5,397
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	11,326		11,326
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......	768		768
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	37,744	37,744
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	109,766	109,766
23	Insurance ...	17,395	17,395
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	CHEMICALS, SEED, & FERT	67,879	67,879
b	UTILITIES	63,470	63,470
c	COMMITTEES & GOLF PROGR	57,819	57,819
d	SUPPLIES PROSHOP/TAP &	42,361	42,361
e	All other expenses	136,032	128,345	7,687
25	Total functional expenses. Add lines 1 through 24e	943,705	842,598	101,107	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			39,157	1	39,789
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			69,333	4	75,767
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........			4,805	8	5,609
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,528,346
b	Less: accumulated depreciation	10b	2,102,292	527,062	10c	426,054
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............			3,983	14	2,788
15	Other assets. See Part IV, line 11 ...........			109,395	15	0
16	Total assets. Add lines 1 through 15 (must equal line 34)...			753,735	16	550,007

17	Accounts payable and accrued expenses .....	45,355	17	65,424
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	1,136,393	23	1,053,554
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	1,181,748	26	1,118,978

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	99,165	30	99,165
31	Paid-in or capital surplus, or land, building or equipment fund ...	8,294	31	8,294
32	Retained earnings, endowment, accumulated income, or other funds	-535,472	32	-676,430
33	Total net assets or fund balances ...........	-428,013	33	-568,971
34	Total liabilities and net assets/fund balances ........	753,735	34	550,007

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	78,872		78,872
b	Buildings ....	1,731,657	1,519,231	212,426
c	Leasehold improvements
d	Equipment ....	717,817	583,061	134,756
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				426,054

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII