Chartwell Membership Inc
- Assets
- $15.0m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 235
- Location
- Severna Park, MD
- Founding
- 12/1964
- Data as of
- 03/2023
- EIN
- 52-0749785
Organization Overview
Chartwell Membership Inc, operating under the name Chartwell Golf & Country Club, is located in Severna Park, MD. The organization was established in 1964. 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 03/2023, Chartwell Golf & Country Club employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chartwell Golf & Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Chartwell Golf & Country Club generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $6.4m during the year ending 03/2023. 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
SOCIAL AND RECREATION CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY OPERATES AS A COUNTRY CLUB TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES TO ITS 750+ MEMBERS SUCH AS GOLF, SWIMMING, TENNIS AND DINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Appel President | OfficerTrustee | 2 | $0 |
Richard Mcfeely Vice President | OfficerTrustee | 2 | $0 |
Julie Riddle Secretary | OfficerTrustee | 2 | $0 |
Don Huber Treasurer | OfficerTrustee | 2 | $0 |
Robert Broseker Director | Trustee | 2 | $0 |
David Katz Director | Trustee | 2 | $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 | $7,675,146 |
| Investment income | $41,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$527,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$304,580 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,970,058 |
| 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. | $610,476 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,860,607 |
| Pension plan accruals and contributions | $48,228 |
| Other employee benefits | $149,916 |
| Payroll taxes | $201,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $101,441 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Interest | $180,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,079,813 |
| Insurance | $0 |
| All other expenses | $1,082,012 |
| Total functional expenses | $6,361,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,221,622 |
| Savings and temporary cash investments | $2,055,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $453,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,787 |
| Prepaid expenses and deferred charges | $240,305 |
| Net Land, buildings, and equipment | $10,352,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,273 |
| Other assets | $505,687 |
| Total assets | $14,979,599 |
| Accounts payable and accrued expenses | $423,566 |
| Grants payable | $0 |
| Deferred revenue | $31,163 |
| 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 | $3,819,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,000 |
| Total liabilities | $4,296,252 |
| Net assets without donor restrictions | $10,683,347 |
| 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 | $14,979,599 |