Indian Valley Country Club
- Assets
- $13.8m
- Revenue
- $7.6m
- Investments
- $1.2m
- Employees
- 211
- Location
- Telford, PA
- Founding
- 10/1962
- Data as of
- 12/2023
- EIN
- 23-1424809
Organization Overview
Indian Valley Country Club is located in Telford, PA. The organization was established in 1962. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Indian Valley Country Club employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Valley Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Indian Valley Country Club generated $7.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR MEMBERS & GUESTS WITH AN OUTSTANDING AND WELCOMING PRIVATE GOLF & COUNTRY CLUB EXPERIENCE IN A FAMILY FRIENDLY ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE, RESTAURANT & BAR- PROVIDES SOCIAL ACTIVITIES FOR MEMBERS & GUESTS.
MEMBER COMMITTEES- PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS.
GOLF COURSE, PRO SHOP & CARTS-PROVIDES SOCIAL & RECREATIOINAL ACTIVITIES FOR MEMBERS & GUESTS.
SWIMMING POOL- PROVIDES SOCIAL & RECREATIONAL ACTIVITIES FOR MEMBERS & GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Allelunas Director | Trustee | $0 | |
Jarrod Nyce Director | Trustee | $0 | |
Ryan Cantwell Director | Trustee | $0 | |
James Fickenscher Treasurer | OfficerTrustee | $0 | |
Steven Lutz V President | OfficerTrustee | $0 | |
Stew Butler Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,327,299 |
| Investment income | $36,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,662,536 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,640,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,374,041 |
| Pension plan accruals and contributions | $19,133 |
| Other employee benefits | $434,192 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,732 |
| Office expenses | $25,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $653,146 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573,840 |
| Insurance | $334,816 |
| All other expenses | $159,261 |
| Total functional expenses | $6,927,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,275 |
| Savings and temporary cash investments | $2,926,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $475,781 |
| Prepaid expenses and deferred charges | $133,676 |
| Net Land, buildings, and equipment | $8,055,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,150,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,836,673 |
| Accounts payable and accrued expenses | $488,195 |
| Grants payable | $0 |
| Deferred revenue | $978,387 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,013,679 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,480,261 |
| Net assets without donor restrictions | $7,356,412 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,836,673 |