Gibson Island Club Inc
- Assets
- $10.4m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 165
- Location
- Gibson Island, MD
- Founding
- 02/1925
- Data as of
- 10/2020
- EIN
- 52-0326700
Organization Overview
Gibson Island Club Inc is located in Gibson Island, MD. 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 10/2020, Gibson Island Club Inc employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gibson Island 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 10/2020, Gibson Island Club Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $8.5m during the year ending 10/2020. While expenses have increased by 7.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CATER TO ITS MEMBERS' NEEDS & PROVIDE A PLACE WHERE MEMBERS CAN SOCIALIZE WITH PEERS. THE CLUB PROVIDES FACILITIES SUCH AS A MARINA, GOLF COURSE, TENNIS COURTS, & DINING ROOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hudock Chef | 40 | $200,965 | |
Matthew Moyer Club Manager | 40 | $165,060 | |
David Grossman Golf Pro | 40 | $164,978 | |
John Berish General Manager | 50 | $69,893 | |
Henry G Hagan President | OfficerTrustee | 3 | $0 |
Ernest N May III Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $272 |
| 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 | $4,660,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,869,841 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $3,974,328 |
| Pension plan accruals and contributions | $80,799 |
| Other employee benefits | $231,833 |
| Payroll taxes | $306,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,024 |
| Fees for services: Accounting | $93,099 |
| 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 | $215,195 |
| Information technology | $39,505 |
| Royalties | $0 |
| Occupancy | $626,720 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,139 |
| Insurance | $178,455 |
| All other expenses | $0 |
| Total functional expenses | $8,526,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $848,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $367,211 |
| Prepaid expenses and deferred charges | $144,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,441,756 |
| Accounts payable and accrued expenses | $416,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,468,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $417,337 |
| Total liabilities | $6,301,971 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,139,785 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |