Country Club Of Fairfax Inc
- Assets
- $22.0m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 297
- Location
- Fairfax, VA
- Founding
- 04/1956
- Data as of
- 03/2023
- EIN
- 54-0491842
Organization Overview
Country Club Of Fairfax Inc is located in Fairfax, VA. The organization was established in 1956. 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, Country Club Of Fairfax Inc employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Fairfax Inc 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, Country Club Of Fairfax Inc generated $10.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.3m during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL FAMILY-ORIENTED RECREATIONAL AND SOCIAL FACILITIES, SERVICES AND ACTIVITIES. THE CLUB'S SOLE PURPOSE IS TO ENSURE THE OPTIMUM ENJOYMENT OF OUR MEMBERS, THEIR FAMILY AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX-EXEMPT CLUB ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Gibson President | OfficerTrustee | 10 | $0 |
Jeff Stagnitti Vice President | OfficerTrustee | 10 | $0 |
Alisa Romero Secretary | OfficerTrustee | 10 | $0 |
Robert Malloy Treasurer | OfficerTrustee | 10 | $0 |
Ted Daniels Director | Trustee | 5 | $0 |
Robert Wickham Director | Trustee | 5 | $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 | $6,211,763 |
| Investment income | $5,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,675,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,892,810 |
| 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. | $498,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,577,957 |
| Pension plan accruals and contributions | $80,721 |
| Other employee benefits | $263,030 |
| Payroll taxes | $388,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,159 |
| Fees for services: Accounting | $33,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,254 |
| Advertising and promotion | $695 |
| Office expenses | $357,262 |
| Information technology | $134,199 |
| Royalties | $0 |
| Occupancy | $632,087 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $346,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,227,185 |
| Insurance | $158,290 |
| All other expenses | $24,160 |
| Total functional expenses | $10,254,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,387 |
| Savings and temporary cash investments | $705,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,567,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $369,125 |
| Prepaid expenses and deferred charges | $344,942 |
| Net Land, buildings, and equipment | $18,495,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $170,769 |
| Other assets | $0 |
| Total assets | $22,004,735 |
| Accounts payable and accrued expenses | $861,982 |
| Grants payable | $0 |
| Deferred revenue | $923,725 |
| 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 | $11,436,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $348,936 |
| Total liabilities | $13,570,914 |
| Net assets without donor restrictions | $7,103,461 |
| Net assets with donor restrictions | $1,219,110 |
| 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 | $22,004,735 |