Danville Golf Club Incorporated
- Assets
- $2.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Danville, VA
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 54-0188200
Organization Overview
Danville Golf Club Incorporated is located in Danville, VA. The organization was established in 1942. 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 12/2022, Danville Golf Club Incorporated employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danville Golf Club Incorporated 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, Danville Golf Club Incorporated generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES FOR CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD SERVICE - OPERATION OF A CLUB HOUSE, DINING ROOM, AND OTHER FOOD SALES AT THE CLUB FOR THE CONVENIENCE OF MEMBERS AND THEIR GUESTS.
HOUSE AND GROUNDS - OPERATION AND MAINTENANCE OF A CLUBHOUSE AND GROUNDS, INCLUDING ENTERTAINMENT, FOR THE CONVENIENCE OF MEMBERS AND THEIR GUESTS.
GOLF COURSE - OPERATION AND MAINTENANCE OF A GOLF COURSE FOR THE CONVENIENCE OF MEMBERS AND THEIR GUESTS.
POOL AND TENNIS COURTS - OPERATION AND MAINTENANCE OF A SWIMMING POOL AND TENNIS COURTS FOR THE CONVENIENCE OF MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conrad Smith President | OfficerTrustee | 5 | $0 |
John T Mason Director | OfficerTrustee | 4 | $0 |
John Wales Treasurer | OfficerTrustee | 4 | $0 |
John W Daniel Director | OfficerTrustee | 4 | $0 |
Rebecca W Moore Director | Trustee | 1 | $0 |
Scott D Blankenship Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,898 |
| Total Program Service Revenue | $2,215,847 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,376,112 |
| 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 | $872,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,885 |
| Payroll taxes | $73,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,893 |
| 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 | $9,575 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,923 |
| Insurance | $48,206 |
| All other expenses | $523,925 |
| Total functional expenses | $2,317,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $18,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,216 |
| Prepaid expenses and deferred charges | $21,855 |
| Net Land, buildings, and equipment | $2,231,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,571,044 |
| Accounts payable and accrued expenses | $140,176 |
| Grants payable | $0 |
| Deferred revenue | $353,130 |
| 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 | $706,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,200,134 |
| Net assets without donor restrictions | $0 |
| 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 | $1,370,910 |
| Total liabilities and net assets/fund balances | $2,571,044 |