Bethesda Country Club Inc
- Assets
- $30.3m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 327
- Location
- Bethesda, MD
- Founding
- 02/1958
- Data as of
- 12/2023
- EIN
- 52-0565169
Organization Overview
Bethesda Country Club Inc is located in Bethesda, MD. The organization was established in 1958. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Bethesda Country Club Inc employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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 12/2023, Bethesda Country Club Inc generated $17.9m 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 $18.6m during the year ending 12/2023. While expenses have increased by 3.7% 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
TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSE, FITNESS CENTER, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS. APPROXIMATELY 900 MEMBERS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Horowitz Sandy President | OfficerTrustee | 3 | $0 |
Berz David Vice President | OfficerTrustee | 3 | $0 |
Barnello Mike Treasurer | OfficerTrustee | 3 | $0 |
Laduca Cj Secretary | OfficerTrustee | 3 | $0 |
Baltimore Hillary Director | Trustee | 3 | $0 |
Castleberry Dan Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donhohoe Construction Co Construction Company | 12/30/23 | $4,141,821 |
Landscape Supply Golf Course Supplies And Equipment | 12/30/23 | $483,323 |
Boland Hvac Vendor | 12/30/23 | $481,095 |
Abco Corporation Restaurant Supplies And Equipment | 12/30/23 | $441,319 |
Fells Point Wholesale Meats Meat Supplier | 12/30/23 | $302,587 |
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 | $16,983,754 |
| Investment income | $71,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,286,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,178,518 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,946,928 |
| 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. | $1,257,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,996,294 |
| Pension plan accruals and contributions | $148,894 |
| Other employee benefits | $874,768 |
| Payroll taxes | $679,519 |
| Fees for services: Management | $260,840 |
| Fees for services: Legal | $22,386 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,730 |
| Advertising and promotion | $417,908 |
| Office expenses | $217,652 |
| Information technology | $94,720 |
| Royalties | $0 |
| Occupancy | $1,566,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,689 |
| Interest | $5,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,784,007 |
| Insurance | $195,827 |
| All other expenses | $1,140,989 |
| Total functional expenses | $18,633,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,310,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,485,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $531,713 |
| Prepaid expenses and deferred charges | $606,379 |
| Net Land, buildings, and equipment | $23,981,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $362,857 |
| Total assets | $30,279,125 |
| Accounts payable and accrued expenses | $1,504,056 |
| Grants payable | $0 |
| Deferred revenue | $1,218,576 |
| 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 | $11,790,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $527,910 |
| Total liabilities | $15,040,964 |
| Net assets without donor restrictions | $15,238,161 |
| 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 | $30,279,125 |