Kings Creek Country Club Inc
- Assets
- $19.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 174
- Location
- Rehoboth Beach, DE
- Founding
- 03/1991
- Data as of
- 03/2022
- EIN
- 51-0318526
Organization Overview
Kings Creek Country Club Inc is located in Rehoboth Beach, DE. The organization was established in 1991. 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 03/2022, Kings Creek Country Club Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Creek Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Kings Creek Country Club Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.5m during the year ending 03/2022. While expenses have increased by 9.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KINGS CREEK COUNTRY CLUB IS DEDICATED TO PROVIDING SUPERIOR COUNTRY CLUB AMENITIES OF EXCEPTIONAL VALUE, INCLUDING GOLF, RACQUET SPORTS, FITNESS, AND SWIMMING FACILITIES AND PROGRAMS; A FIRST CLASS DINING EXPERIENCE AND CONSISTENT SERVICE EXCELLENCE, IN A WARM, RELAXED ATMOSPHERE FOR THE ENJOYMENT OF OUR MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE ACTIVITIES
GOLF ACTIVITIES
TENNIS, POOL, FITNESS AND OTHER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Byerly General Manager | Officer | 50 | $200,846 |
Mark Haschemeyer Golf Course Superintendent | 50 | $127,497 | |
Philip Lambert Executive Chef | 50 | $127,208 | |
Kevin Wiest Head Golf Professional | 50 | $107,899 | |
Spaska Inanov Clubhouse Manager | 1 | $102,721 | |
Nicholas Dibona Vice President | Officer | 10 | $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 | $8,068,986 |
| Investment income | $671 |
| 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 | -$537,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,918,759 |
| 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. | $200,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,871,380 |
| Pension plan accruals and contributions | $15,784 |
| Other employee benefits | $257,375 |
| Payroll taxes | $191,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,118 |
| 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 | $20,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,762 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952,453 |
| Insurance | $104,744 |
| All other expenses | $348,490 |
| Total functional expenses | $5,515,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,923,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $674,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,232 |
| Prepaid expenses and deferred charges | $283,682 |
| Net Land, buildings, and equipment | $15,485,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,441,580 |
| Accounts payable and accrued expenses | $564,477 |
| Grants payable | $0 |
| Deferred revenue | $244,267 |
| 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 | $6,862,676 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,816 |
| Total liabilities | $7,750,236 |
| Net assets without donor restrictions | $11,691,344 |
| 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 | $19,441,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
Alpine Country Club Corp Demarest, NJ | $25,381,114 | $12,700,822 |
Upper Montclair Country Club Clifton, NJ | $27,561,900 | $13,306,753 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
United States Rowing Association Princeton, NJ | $3,941,126 | $14,308,722 |