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Laurel Incorporated FY2023 filing

Not tax-deductible

Danville, VA501(c)(7)Mutual / membership EIN 54-6043596Revenue $917K in FY2023Latest return filed Dec 22, 2025

On file with the IRSDanville, VATax-exempt since Jul 1991

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To provide recreational/social services and events to the members and guests of the country club

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-6043596) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $36K a year · 4% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.2 mo
of spending, in cash
1.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$861K
193% of total assets
Liabilities are 193% of assets.
Pt X · Ln 26
Independent board members
0
of 11 voting members
None of 11 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$917K
-11% vs prior year
Spent
$932K
To programs
89%
Net assets
−$415K
By yearFY2021–FY2025
Revenue
$917K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$911K
FY2022$1.0M
FY2023$917K
FY2024$892K
FY2025$1.0M
Expenses
$932K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$924K
FY2022$794K
FY2023$932K
FY2024$994K
FY2025$964K
Net assets
−$415K
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021−$643K
FY2022−$401K
FY2023−$415K
FY2024−$517K
FY2025−$451K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Follow Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $833K Management & general 11% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Brent Shelton
President
$0Pt VII · Sec A
Layne Mills
Vice President
$0Pt VII · Sec A
Jc Sells
Treasurer
$0Pt VII · Sec A
Jacob Hardy
Secretary
$0Pt VII · Sec A
Ht Ricketts
Board Member
$0Pt VII · Sec A
Andrew Arnold
Board Member
$0Pt VII · Sec A
Sam Mantiply
Board Member
$0Pt VII · Sec A
Jon Paul Cassada
Board Member
$0Pt VII · Sec A
See Laurel Incorporated executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers recreational and social services and events for country club members and guests.

Questions for Laurel Incorporated

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1 program · $833K · in their own filed words · FY2022
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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-6043596) · Dispute this line
$833Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$917K
Ln 12
Gifts and grantsLn 1h$587K
Fees for servicesLn 2g$311K
Other incomeLn 4–11$19K
Money outPt IX
$932K
Ln 25
Programscol B$833K
Managementcol C$100K
Owns and owesPt X
−$415K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$446K
LiabilitiesLn 26$861K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$587K
Fees for servicesLn 2g$311K
Investment incomeLn 3$53
Other incomeLn 4–11$19K
Total revenueLn 12$917K
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Accounts receivableLn 4$131K
Inventories for sale or useLn 8$17K
Land, buildings, equipmentLn 10c$204K
Total assetsLn 16$446K
LiabilitiesLn 26$861K
Net assetsLn 32−$415K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$182K$94K
Land, buildings, equipmentLn 10c$231K$204K
Total assetsLn 16$543K$446K
LiabilitiesLn 26$943K$861K
Net assetsLn 32−$401K−$415K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$422K$346K$76K
Other employee benefitsLn 9$6K$5K$1K
Payroll taxesLn 10$33K$27K$6K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$1K$1K
InterestLn 20$27K$27K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$236K$236K
All other expensesLn 24e$137K$123K$14K
Total functional expensesLn 25$932K$833K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 22, 2025 $1.0M$964K$67K−$451K 990 PDF
FY2024Filed with the IRS Feb 18, 2025 $892K$994K−$102K−$517K 990 PDF
FY2023 ViewingFiled with the IRS Nov 14, 2023 $917K$932K−$15K−$415K 990 PDF
FY2022Filed with the IRS Dec 14, 2022 $1.0M$794K$242K−$401K 990 PDF
FY2021Filed with the IRS Oct 27, 2021 $911K$924K−$13K−$643K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $917,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $582,609$587,286
I-9 Program service revenuePrior year $319,511$311,335
I-10 Investment incomePrior year $13$53
I-11 Other revenuePrior year $134,388$18,785
I-12 Total revenuePrior year $1,036,521$917,459
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $406,335$460,827
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $387,973$471,283
I-18 Total expensesPrior year $794,308$932,110
I-19 Revenue less expensesPrior year $242,213−$14,651
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $917,459 across 6 lines filed
Lines not itemized here account for $36,651 of total revenue; see the IRS return.
VIII-1b Membership dues$582,847
VIII-1f All other contributions, gifts and grants$4,439
VIII-1h Total contributions, gifts and grants$587,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $293,469$293,469
VIII-3 Investment incomeRelated to mission $53$53
VIII-12 Total revenueRelated to mission $330,173 · Unrelated business $0 · Excluded from tax $0$917,459
Part IX · Statement of functional expenses $932,110 across 10 lines filed
IX-7 Other salaries and wagesPrograms $345,789 · Management $76,445$422,234
IX-9 Other employee benefitsPrograms $4,934 · Management $1,083$6,017
IX-10 Payroll taxesPrograms $26,712 · Management $5,864$32,576
IX-11c Accounting feesManagement $1,099$1,099
IX-13 Office expensesManagement $1,170$1,170
IX-20 InterestPrograms $26,890$26,890
IX-22 Depreciation, depletion and amortizationPrograms $50,380$50,380
IX-23 InsurancePrograms $18,679$18,679
IX-24 Other expenses (24a–d)Programs $236,386$236,386
IX-24e All other expensesPrograms $122,811 · Management $13,868$136,679
IX-25 Total functional expensesPrograms $832,581 · Management $99,529 · Fundraising $0$932,110
Part X · Balance sheet $446,210 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $181,571$94,493
X-4 Accounts receivableStart of year $113,302$130,718
X-8 Inventories for sale or useStart of year $16,869$16,889
X-10c Land, buildings and equipment, netStart of year $231,121$204,110
X-16 Total assetsStart of year $542,863$446,210
X-17 Accounts payable and accrued expensesStart of year $86,032$106,867
X-23 Secured mortgages and notes payableStart of year $857,342$754,505
X-26 Total liabilitiesStart of year $943,374$861,372
X-29 Capital stock or trust principalStart of year $99,165$99,165
X-30 Paid-in or capital surplusStart of year $8,294$8,294
X-31 Retained earnings or endowmentStart of year −$507,970−$522,621
X-32 Total net assets or fund balancesStart of year −$400,511−$415,162
X-33 Total liabilities and net assetsStart of year $542,863$446,210
Part XI · Reconciliation of net assets −$415,162 net assets at year end
XI-1 Total revenue$917,459
XI-2 Total expenses$932,110
XI-3 Revenue less expenses−$14,651
XI-4 Net assets at start of year−$400,511
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$415,162

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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