Wilmington Country Club
- Assets
- $36.6m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 428
- Location
- Wilmington, DE
- Founding
- 12/1948
- Data as of
- 12/2023
- EIN
- 51-0054440
Organization Overview
Wilmington Country Club is located in Wilmington, DE. The organization was established in 1948. 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, Wilmington Country Club employed 428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington 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, Wilmington Country Club generated $19.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $19.5m during the year ending 12/2023. While expenses have increased by 2.9% 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
WILMINGTON COUNTRY CLUB WAS INCOPORATED IN 1901 UNDER THE LAWS OF THE STATE OF DELAWARE TO BE ONE OF THE FINEST PRIVATE CLUBS IN THE UNITED STATES, WITH A PRIMARY EMPHASIS ON MEETING THE DESIRES OF ITS MEMBERS, THEIR FAMILIES AND THEIR PERSONAL GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD/BEVERAGE
ALL OTHER PROGRAM SERVICES
GOLF DEPARTMENT
TENNIS DEPARTMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly A Ciconte Board Member | Trustee | 0 | $0 |
David E Wilks Vice President | OfficerTrustee | 0 | $0 |
Robert W Friz Treasurer | OfficerTrustee | 0 | $0 |
Lisa A Schmidt Board Member | Trustee | 0 | $0 |
Megan A Adams Board Member | Trustee | 0 | $0 |
James R Selsor Jr Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Distibutors Of De Llc Beverage Distribution | 12/30/19 | $185,395 |
Southern Glazers Of De Beverage Distribution | 12/30/19 | $111,854 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,709,081 |
| 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 | $11,709,081 |
| Total Program Service Revenue | $7,697,264 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,423,728 |
| 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. | $1,664,773 |
| Compensation of current officers, directors, key employees. | $300,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,413,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,278,752 |
| Payroll taxes | $823,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,500 |
| 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 | $3,955,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,071,370 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,997 |
| Interest | $137,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,994,575 |
| Insurance | $287,003 |
| All other expenses | $175,910 |
| Total functional expenses | $19,544,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,084 |
| Savings and temporary cash investments | $4,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,121,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $840,143 |
| Prepaid expenses and deferred charges | $699,495 |
| Net Land, buildings, and equipment | $30,040,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $656,156 |
| Other assets | $0 |
| Total assets | $36,565,659 |
| Accounts payable and accrued expenses | $1,736,658 |
| Grants payable | $0 |
| Deferred revenue | $2,788,185 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,287,339 |
| Total liabilities | $6,812,182 |
| Net assets without donor restrictions | $29,753,477 |
| 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 | $36,565,659 |