Talbot Country Club Inc
- Assets
- $10.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 174
- Location
- Easton, MD
- Founding
- 06/1954
- Data as of
- 12/2022
- EIN
- 52-0504660
Organization Overview
Talbot Country Club Inc is located in Easton, MD. The organization was established in 1954. 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 12/2022, Talbot Country Club Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talbot 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 12/2022, Talbot Country Club Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 4.9% 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
THE PURPOSE FOR WHICH THE CLUB WAS FORMED: OPERATE A GOLF AND COUNTRY CLUB EXCLUSIVELY FOR SOCIAL,RECREATIONAL AND OTHER NON-PROFIT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF FACILITIES - PROVIDING AND MAINTAINING GOLF FACILITIES
COMMITTEES
CLUB HOUSE FACILITIES - PROVIDING AND MAINTAINING FOOD AND BEVERAGE SERVICE
POOL AND TENNIS FACILITIES - PROVIDING AND MAINTAINING POOL AND TENNIS FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Mckew Director | Trustee | 1 | $0 |
Greg Frankos Director | Trustee | 1 | $0 |
Rick Hoffman Director | Trustee | 1 | $0 |
John Hudson Director | Trustee | 1 | $0 |
Alice Ryan Director | Trustee | 1 | $0 |
Karen Parker Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bountiful Decor Renovations | 12/30/21 | $761,648 |
Shore Projects Llc Renovations | 12/30/21 | $119,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,520,972 |
| 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 | $4,520,972 |
| Total Program Service Revenue | $617,614 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $793,602 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,056,946 |
| 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 | $2,516,699 |
| Pension plan accruals and contributions | $13,267 |
| Other employee benefits | $153,839 |
| Payroll taxes | $244,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,164 |
| Advertising and promotion | $115,767 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,127 |
| Interest | $68,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,922 |
| Insurance | $104,497 |
| All other expenses | $663,041 |
| Total functional expenses | $5,217,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,603 |
| Savings and temporary cash investments | $564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,376 |
| Prepaid expenses and deferred charges | $146,733 |
| Net Land, buildings, and equipment | $9,422,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,600,649 |
| Accounts payable and accrued expenses | $317,708 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,974,054 |
| Other liabilities | $72,955 |
| Total liabilities | $2,364,717 |
| Net assets without donor restrictions | $8,235,932 |
| 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 | $10,600,649 |