Maryland Club
- Assets
- $17.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Baltimore, MD
- Founding
- 07/1936
- Data as of
- 03/2022
- EIN
- 52-0403190
Organization Overview
Maryland Club is located in Baltimore, MD. The organization was established in 1936. 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, Maryland Club employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Club 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, Maryland Club generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.0m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
PROMOTION OF SOCIAL INTERCOURSE AMONG ITS MEMBERS & EXTENSION OF HOSPITABLE COURTESIES TO STRANGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Hales General Manager | Officer | 50 | $211,200 |
Andrew Cordova Squash Professional | 50 | $142,401 | |
Victor Alvarez Executive Chef | 50 | $115,577 | |
Gil Lopez Fitness Director | 50 | $101,489 | |
Hugh D Mcguirk President | OfficerTrustee | 2 | $0 |
Bruce Matthai Secretary | OfficerTrustee | 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 | $14,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,278 |
| Total Program Service Revenue | $2,784,887 |
| Investment income | $1,158 |
| 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 | $1,763,331 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,730,392 |
| 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. | $231,797 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,816,251 |
| Pension plan accruals and contributions | $37,479 |
| Other employee benefits | $183,846 |
| Payroll taxes | $185,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,433 |
| Fees for services: Accounting | $34,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,028 |
| Advertising and promotion | $0 |
| Office expenses | $499,666 |
| Information technology | $13,214 |
| Royalties | $0 |
| Occupancy | $513,958 |
| Travel | $4,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $298,661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,219 |
| Insurance | $95,388 |
| All other expenses | $8,445 |
| Total functional expenses | $4,994,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105,681 |
| Savings and temporary cash investments | $1,207,243 |
| Pledges and grants receivable | $24,100 |
| Accounts receivable, net | $664,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,902 |
| Prepaid expenses and deferred charges | $58,887 |
| Net Land, buildings, and equipment | $14,260,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,912 |
| Total assets | $17,593,581 |
| Accounts payable and accrued expenses | $395,074 |
| Grants payable | $0 |
| Deferred revenue | $285,298 |
| 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 | $6,538,948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,219,320 |
| Net assets without donor restrictions | $10,350,161 |
| Net assets with donor restrictions | $24,100 |
| 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 | $17,593,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Club has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FOR GENERAL OPERATING SUPPORT. | | $500 |
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 |