Officers Club Of Virginia Inc
- Assets
- $13.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 167
- Location
- Richmond, VA
- Founding
- 08/1953
- Data as of
- 09/2023
- EIN
- 54-0505714
Organization Overview
Officers Club Of Virginia Inc is located in Richmond, VA. The organization was established in 1953. 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, Officers Club Of Virginia Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Officers 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, Officers Club Of Virginia Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. While expenses have increased by 3.3% 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
THE WESTWOOD CLUB IS A HIGH QUALITY PRIVATE CLUB THAT OFFERS THE PREMIER TENNIS PROGRAM IN THE MID-ATLANTIC AREA AND PROVIDES OUTSTANDING DINING, SOCIAL, AND SPORTS SERVICES TO ITS MEMBERS, FAMILIES, AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OFFERS VARIOUS SPORTING AND SOCIAL ACTIVITES SUCH AS TENNIS AND SWIMMING IN ADDITION TO FULL DINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kory Painter President | OfficerTrustee | 2 | $0 |
Molly Mcevoy Vice President/president E | OfficerTrustee | 1.5 | $0 |
Anna Shea Secretary | OfficerTrustee | 1.5 | $0 |
Todd Prince Treasurer | OfficerTrustee | 1.5 | $0 |
Jackson Dyer Capital Treasurer | OfficerTrustee | 1.5 | $0 |
Walker Reid 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 | $5,810,347 |
| Investment income | $37,466 |
| 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 | -$464,027 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,441,340 |
| 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. | $124,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,470,396 |
| Pension plan accruals and contributions | $35,950 |
| Other employee benefits | $386,828 |
| Payroll taxes | $241,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,637 |
| Advertising and promotion | $0 |
| Office expenses | $29,630 |
| Information technology | $68,600 |
| Royalties | $0 |
| Occupancy | $323,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,981 |
| Interest | $269,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $743,663 |
| Insurance | $99,560 |
| All other expenses | $88,109 |
| Total functional expenses | $4,648,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875 |
| Savings and temporary cash investments | $3,839,562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $686,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $124,560 |
| Prepaid expenses and deferred charges | $29,530 |
| Net Land, buildings, and equipment | $8,453,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,134,939 |
| Accounts payable and accrued expenses | $306,555 |
| Grants payable | $0 |
| Deferred revenue | $429,772 |
| 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 | $6,238,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,974,816 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $370,300 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,047,014 |
| Retained earnings, endowment, accumulated income, or other funds | $4,742,809 |
| Total liabilities and net assets/fund balances | $13,134,939 |