Country Club Of Virginia Inc
- Assets
- $106.9m
- Revenue
- $51.1m
- Investments
- $28.6m
- Employees
- 1,099
- Location
- Richmond, VA
- Founding
- 11/1951
- Data as of
- 09/2023
- EIN
- 54-0181850
Organization Overview
Country Club Of Virginia Inc is located in Richmond, VA. The organization was established in 1951. 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 09/2023, Country Club Of Virginia Inc employed 1,099 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Virginia Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Country Club Of Virginia Inc generated $51.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $44.4m during the year ending 09/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR ITS MEMBERS QUALITY PRODUCTS, PROGRAMS, ACTIVITIES, FACILITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SOCIAL INTERACTION AT THE CLUB THROUGH FOOD & BEVERAGE OFFERINGS INCLUDING 283,744 MEALS SERVED IN THE CLUB'S 4 RESTAURANTS, $692,785 IN THE CLUB'S 4 SNACK BARS, AND $4,109,999 IN BANQUET SALES.
PROVIDING GOLFING INTERACTION AT THE CLUB INCLUDING 76,939 ROUNDS BEING PLAYED ON THE CLUB'S 3 GOLF COURSES AND 115,392 VISITS TO THE CLUB'S 3 DRIVING RANGES.
PROVIDING SPORTING INTERACTION AT THE CLUB INCLUDING OVER 227,746 VISITS TO THE FITNESS FACILITIES AND OVER 68,731 VISITS TO THE AQUATICS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Scott Hetzer President | OfficerTrustee | 2 | $0 |
Melinda C Hardy Vice President | OfficerTrustee | 2 | $0 |
Leavenworth M Ferrell II Treasurer | OfficerTrustee | 2 | $0 |
Clark H Lewis Secretary | OfficerTrustee | 2 | $0 |
John M Blankenship Director | Trustee | 2 | $0 |
Amy B DE Venoge Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Pishko Custom Homes Llc General Contractor | 9/29/23 | $612,218 |
Kjellstrom & Lee Construction Consturction Services | 9/29/23 | $713,162 |
Swim Metro Management Inc Contract Labor | 9/29/23 | $289,434 |
Landscapes Unlimited Landscaping | 9/29/23 | $628,053 |
Ground Force It Information Technology Services | 9/29/23 | $226,484 |
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 | $33,830,033 |
| Investment income | $696,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $240,305 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,457,747 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,143,489 |
| 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. | $2,611,739 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,051,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,043,691 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,590,547 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,073,089 |
| Insurance | $0 |
| All other expenses | $3,097,863 |
| Total functional expenses | $44,380,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,706,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,285,751 |
| Loans from Officers, Directors, or Controlling Persons | $25,907 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,103,018 |
| Prepaid expenses and deferred charges | $496,416 |
| Net Land, buildings, and equipment | $67,545,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,595,707 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $106,909,164 |
| Accounts payable and accrued expenses | $4,067,685 |
| Grants payable | $0 |
| Deferred revenue | $1,254,767 |
| 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 | $0 |
| Other liabilities | $3,904,143 |
| Total liabilities | $9,226,595 |
| Net assets without donor restrictions | $97,682,569 |
| 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 | $106,909,164 |