TY 2019 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) WALTER F CRAYTON JR......................................................................
PRESIDENT

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

(2) WILLIAM FAULKENBERRY......................................................................
VICE-PRESIDENT

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

(3) SHARON MAXEY......................................................................
SECRETARY

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

(4) JEFF MEDLIN......................................................................
TREASURER

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

(5) MARK HARTMAN......................................................................
DIRECTOR

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

(6) WENDY STALLINGS......................................................................
DIRECTOR

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

(7) PATRICK MCKEE......................................................................
DIRECTOR

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

(8) JOHN MITCHELL JR......................................................................
DIRECTOR

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

(9) CRAIG HOLTON......................................................................
DIRECTOR

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

(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

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.)	37,490
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

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

2019

Open to Public
Inspection

Name of the organization

NEW BERN GOLF & COUNTRY CLUB INC

Employer identification number

56-0581092

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION IS ORGANIZED AS A CORPORATION AND THEREFORE HAS STOCKHOLDERS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED EACH YEAR AT THE ANNUAL STOCKHOLDERS' MEETING BY THE MEMBERS/SHAREHOLDERS.
FORM 990, PART VI, SECTION A, LINE 7B	THE STOCKHOLDERS MAY VOTE TO REMOVE THE DIRECTORS. ALL STOCKHOLDERS ARE MEMBERS OF THE SAME CLASS, COMMON STOCKHOLDERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE RETURN IS REVIEWED BY THE TREASURER, WHO ALSO MEETS WITH THE ENTIRE BOARD TO REVIEW THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12C	THE CLUB HAS A CONFLICT OF INTEREST POLICY. THE POLICY DEFINES A CONFLICT OF INTEREST AS A SITUATION WHERE AN "INTERESTED PERSON" HAS AN OWNERSHIP OR INVESTMENT INTEREST IN AN ENTITY WITH WHICH THE CLUB HAS A TRANSACTION OR ARRANGEMENT; OR, A COMPENSATION ARRANGEMENT WITH AN ENTITY WITH WHICH THE CLUB HAS A TRANSACTION OR ARRANGEMENT; OR, A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST OR COMPENSATION ARRANGEMENT WITH AN ENTITY WITH WHICH THE CLUB IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON IS DEFINED AS A DIRECTOR, MEMBER OF ANY COMMITTEE WITH BOARD DELEGATED POWERS, OR OFFICER OF THE CLUB. THE POLICY REQUIRES THE IMMEDIATE AND FULL DISCLOSURE OF ANY FINANCIAL INTEREST DESCRIBED ABOVE IN WRITING TO THE BOARD. SUCH DISCLOSURE SHALL BE MADE A MATTER OF RECORD. THE BOARD, WITH THE INTERESTED PERSON ABSENT, SHALL DISCUSS THE SITUATION AND DETERMINE WHETHER THE DISCLOSED FINANCIAL INTEREST GIVES RISE TO A CONFLICT OF INTEREST. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT SHALL INFORM THE PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON THE OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. THE BOARD WILL THEN CONSIDER THE FACTS AND TAKE APPROPRIATE ACTION.
FORM 990, PART VI, SECTION B, LINE 15A	THE BOARD OF DIRECTORS ESTABLISHES COMPENSATION FOR THE CLUB MANAGER. CLUBS IN EASTERN NORTH CAROLINA ARE CONTACTED TO SURVEY WAGE RATES FOR THE COMPARABLE POSITIONS.
FORM 990, PART VI, SECTION C, LINE 19	THE CLUB DOES NOT MAKE AVAILABLE TO THE GENERAL PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
FORM 990, PART IX, LINE 24E	JANITORIAL 63,296. CHEMICALS 63,026. FERTILIZER 52,777. LINENS AND TOWELS 49,204. TAXES 46,858. MEMBER RELATIONS 41,159. EMPLOYEE MEALS 39,940. EMPLOYEE XMAS FUND 26,225. GAS AND OIL 25,744. COMPUTER EXPENSE 22,169. EQUIPMENT RENTAL 16,490. GARBAGE COLLECTION 13,992. POOL CAMP/PARTY EXPENSE 13,193. TELEPHONE 12,679. BANK AND CREDIT CARD FEES 12,127. HANDICAP FEES 7,100. LICENSES 6,025. DUES AND SUBSCRIPTIONS 5,758. WEBSITE 5,642. SMALLWARES 4,508. POSTAGE 4,395. UNIFORMS 3,986. FLOWERS AND DECORATIONS 3,813. PLANTS AND LANDSCAPING 2,101. TRUCK EXPENSE 1,509. RECRUITMENT 99.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE DINING & RECREATION FOR MEMBERS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	161
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	149,946
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	-38,773

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	2,691,916	2,797,105
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	-152	-41,060
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	698,259	759,299
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	3,390,023	3,515,344
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)	1,763,594	1,709,549
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)....	1,690,288	1,439,023
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,453,882	3,148,572
19	Revenue less expenses. Subtract line 18 from line 12.......	-63,859	366,772
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,921,904	6,039,359
21	Total liabilities (Part X, line 26).............	2,301,597	2,052,280
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,620,307	3,987,079

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	RESTAURANT

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	GOLF COURSE/PRO SHOP

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

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

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
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

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	DUES AND ASSESSMENTS	713910	2,575,280	2,575,280
b	PRO SHOP, SWIMMING, FITNESS	713910	218,790	200,375	18,415
c	TENNIS REVENUES	713910	3,035	2,595	440
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		2,797,105

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	7,919		7a
b	Less: cost or other basis and sales expenses	48,979		7b
c	Gain or (loss)	-41,060		7c
d	Net gain or (loss).........			-41,060	-41,060
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	1,202,276
b	Less: cost of goods sold ..		10b	592,027
c	Net income or (loss) from sales of inventory..			610,249	479,158	131,091
Business Code			Miscellaneous Revenue
11a	INSURANCE PROCEEDS		713910	149,050	149,050
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			149,050
12	Total revenue. See instructions.....			3,515,344	3,365,398	149,946	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, lines 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........	1,364,454
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	21,416
9	Other employee benefits .......	200,507
10	Payroll taxes ...........	123,172
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	10,768
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 .......	10,580
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 ....	3,871
20	Interest ...........	62,404
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	312,858
23	Insurance ...	59,283
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	MAINTENANCE AND REPAIRS	140,621
b	UTILITIES	130,367
c	SUPPLIES	83,168
d	GOLF COURSE EXPENSES	81,288
e	All other expenses	543,815
25	Total functional expenses. Add lines 1 through 24e	3,148,572
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 ........			224,738	1	476,366
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			599,479	4	536,438
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			68,403	8	61,117
9	Prepaid expenses and deferred charges ......			5,267	9	6,346
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	10,404,484
b	Less: accumulated depreciation	10b	5,448,912	5,015,137	10c	4,955,572
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 ...............			8,880	14	3,520
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			5,921,904	16	6,039,359

17	Accounts payable and accrued expenses .....	176,073	17	135,557
18	Grants payable ...		18
19	Deferred revenue .........	463,369	19	450,719
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	1,604,380	23	1,428,514
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	57,775	25	37,490
26	Total liabilities. Add lines 17 through 25..	2,301,597	26	2,052,280

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	101,350	29	101,350
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	3,518,957	31	3,885,729
32	Total net assets or fund balances ...........	3,620,307	32	3,987,079
33	Total liabilities and net assets/fund balances ........	5,921,904	33	6,039,359

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 .....	2,669,922		2,669,922
b	Buildings ....	5,518,810	3,715,064	1,803,746
c	Leasehold improvements
d	Equipment ....	2,215,752	1,733,848	481,904
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				4,955,572

(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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)