Vicmead Hunt Club
- Assets
- $22.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 137
- Location
- Wilmington, DE
- Founding
- 04/1925
- Data as of
- 12/2023
- EIN
- 51-0051950
Organization Overview
Vicmead Hunt Club is located in Wilmington, DE. The organization was established in 1925. 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, Vicmead Hunt Club employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vicmead Hunt 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, Vicmead Hunt Club generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
THE PURPOSE OF THE CLUB IS TO PROVIDE A PRIVATE FAMILY ORIENTED SOCIAL AND RECREATIONAL CLUB WHICH ENCOURAGES CAMARADERIE THROUGH DINING, ATHLETIC, AND OTHER RELATED ACTIVITIES WITHIN AN INFORMAL ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR
GOLF ACTIVITIES
RACQUET ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Katharine Maroney Director | Trustee | 1 | $0 |
Mr Alexander Garnick Director | Trustee | 1 | $0 |
Mr Ned Graham Director | Trustee | 1 | $0 |
Ms Margaret Sharp Director | Trustee | 1 | $0 |
Mr C Thomas Swartz Director | Trustee | 1 | $0 |
Mr Gregory Williams Director | Trustee | 1 | $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 | $6,733,651 |
| Investment income | $73,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,515 |
| 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 | -$291,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,674,277 |
| 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 | $2,687,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,057 |
| Payroll taxes | $228,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,199 |
| Fees for services: Accounting | $14,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $317,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $715,675 |
| Insurance | $168,166 |
| All other expenses | $758,181 |
| Total functional expenses | $6,389,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,033,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $224,547 |
| Prepaid expenses and deferred charges | $241,114 |
| Net Land, buildings, and equipment | $11,775,712 |
| Investments—publicly traded securities | $1,303,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,648,852 |
| Total assets | $22,772,754 |
| Accounts payable and accrued expenses | $538,829 |
| Grants payable | $0 |
| Deferred revenue | $1,818,030 |
| 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 | $3,368,469 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,471,640 |
| Total liabilities | $12,196,968 |
| Net assets without donor restrictions | $9,170,393 |
| Net assets with donor restrictions | $1,405,393 |
| 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 | $22,772,754 |