Laurel Incorporated

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EIN 54-6043596 Mutual-benefit / member-serving Danville, VA
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$1.0M
FY2025▲ +16%
Expenses
$964K
FY2025▼ -3%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Offers recreational and social services and events for country club members and guests. For fiscal year 2025 it reported $1.0M in revenue, $964K in expenses, and $-451K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Danville, VA
Filings
5 on file (2021–2025)
Revenue
$1.0MFY2025
Expenses
$964K
Net assets
$-451K
People
11
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Provided by the organization

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Size
$1–10M
What they do
Offers recreational and social services and events for country club members and guests.
Leadership
Tommy Mathena · President
Money in and out
$1.0M revenue, $964K expenses
Bottom line
+6% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social or recreational club.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

91% to programs

91% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +16% vs prior year

Revenue band $1–10M, +16% versus the prior filing year (up). See detail →

Reported financial activity · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$964K
Pt IX · Ln 25
Net assets
$-451K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Surplus margin
+6%
revenue over expenses, this year▲ +157% vs prior filing year
Program spending
91%
of expenses reach programs▲ +6% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$277K
FY2025▼ -3%
Total liabilities
$727K
FY2025▼ -9%
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$277K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLaurel Incorporated
EINHdr · item D54-6043596
Principal addressHdr · item CDanville, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Laurel Incorporated executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $881K of program spending, described in the organization's own filed words · FY2024.
01

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.

$881Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$681K · 66%
Program service revenue$336K · 33%
Other revenue$13K · 1%
Contributions & grants66%$681K
Program service revenue33%$336K
Other revenue1%$13K
Investment income$12
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$881K
Management & general9%$83K
Total functional expensesLn 25$964K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$277K
Total liabilitiesLn 26$727K
Total net assetsLn 32$-451K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $964K
0.5 months
Where the money goes
Program services
Program services $881K · Total expenses $964K
91%
Management & General
Management & general $83K · Total expenses $964K
9%
Fundraising
Fundraising $0 · Total expenses $964K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $599K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $681K · Total revenue $1.0M
66%
Government reliance
Government grants — · Total revenue $1.0M
—
Earned-income share
Program service revenue $336K · Total revenue $1.0M
33%
Investment reliance
Investment income $12 · Total revenue $1.0M
<0.01%
Program self-sufficiency
Program service revenue $336K · Total expenses $964K
35%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $892K
+16%
Revenue CAGR
FY2020 $911K · FY2024 $1.0M
+3%
Net-asset trend (YoY)
End of year $-451K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $964K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $277K
—
Net-asset ratio
Net assets $-451K · Total assets $277K
-163%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $277K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tommy Mathena · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $964K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $435K · Total expenses $964K
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Fundraising cost ratio 0%——
Revenue growth 16%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$892K revenue · ⤓ 990 PDF
FY2023$917K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$911K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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