Chester River Yacht & Country Club Of Chestertown Inc
- Assets
- $5.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 107
- Location
- Chestertown, MD
- Founding
- 04/1948
- Data as of
- 12/2022
- EIN
- 52-2710000
Organization Overview
Chester River Yacht & Country Club Of Chestertown Inc is located in Chestertown, MD. The organization was established in 1948. 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, Chester River Yacht & Country Club Of Chestertown Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester River Yacht & Country Club Of Chestertown 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, Chester River Yacht & Country Club Of Chestertown Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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 CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS, SUCH AS GOLFING, SWIMMING, YACHTING, AND DINING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS, SUCH AS GOLFING, SWIMMING, YACHTING, AND DINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kamon President | OfficerTrustee | 5 | $0 |
Jim Landskroener Treasurer | OfficerTrustee | 5 | $0 |
Tracye Landon Secretary | OfficerTrustee | 5 | $0 |
Beth Andrews Director | Trustee | 5 | $0 |
Bill Cooper Assistant Treasurer | Trustee | 1 | $0 |
Creg Fleetwood Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,091,446 |
| Investment income | $562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60 |
| Net Gain/Loss on Asset Sales | $9,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$109,867 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,875,420 |
| 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 | $1,018,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,961 |
| Payroll taxes | $82,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,362 |
| Office expenses | $60,496 |
| Information technology | $41,051 |
| Royalties | $0 |
| Occupancy | $309,000 |
| Travel | $5,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,427 |
| Insurance | $82,328 |
| All other expenses | $3,934 |
| Total functional expenses | $2,436,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,437 |
| Savings and temporary cash investments | $1,228,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $299,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,771 |
| Prepaid expenses and deferred charges | $153,647 |
| Net Land, buildings, and equipment | $3,226,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,039 |
| Other assets | $0 |
| Total assets | $5,723,051 |
| Accounts payable and accrued expenses | $173,542 |
| Grants payable | $0 |
| Deferred revenue | $1,031,287 |
| 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 | $1,168,324 |
| Unsecured mortgages and notes payable | $978,000 |
| Other liabilities | $0 |
| Total liabilities | $3,351,153 |
| Net assets without donor restrictions | $2,371,898 |
| 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 | $5,723,051 |