Frys Spring Beach Club Inc
- Assets
- $1.8m
- Revenue
- $981.8k
- Investments
- $0.0
- Employees
- 114
- Location
- Charlottesville, VA
- Founding
- 10/1955
- Data as of
- 12/2021
- EIN
- 54-0502124
Organization Overview
Frys Spring Beach Club Inc is located in Charlottesville, VA. The organization was established in 1955. 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 12/2021, Frys Spring Beach Club Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frys Spring Beach Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Frys Spring Beach Club Inc generated $981.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $698.5k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE RECREATIONAL, SOCIAL, ATHLETIC, LITERARY, AND EDUCATIONAL ACTIVITIES FOR THE BENEFIT OF MEMBERS AND THEIR GUEST(S).
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEANS AND SPACE TO MEMBERS FOR SOCIAL EVENTS, SWIMMING, TENNIS, AND OTHER RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Pettitt Secretary | OfficerTrustee | 1 | $0 |
Melissa Henriksen Vice Preside | OfficerTrustee | 1 | $0 |
Anita Gupta Treasurer | OfficerTrustee | 5 | $0 |
Jim Ragsdale President | OfficerTrustee | 1 | $0 |
Jay Wildermann Director | Trustee | 1 | $0 |
Ryan Bobko Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $544,083 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,415 |
| Total Program Service Revenue | $337,398 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,813 |
| 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 | $287,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,014 |
| Payroll taxes | $22,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10 |
| Office expenses | $23,289 |
| Information technology | $3,179 |
| Royalties | $0 |
| Occupancy | $44,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,644 |
| Insurance | $23,951 |
| All other expenses | $2,059 |
| Total functional expenses | $698,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,872 |
| Net Land, buildings, and equipment | $1,364,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,784,120 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,050,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,460 |
| Total liabilities | $1,064,319 |
| Net assets without donor restrictions | $719,801 |
| 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 | $1,784,120 |
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|---|---|---|
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Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
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Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
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Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |