Farmington Country Club Inc
- Assets
- $57.3m
- Revenue
- $28.8m
- Investments
- $653.9k
- Employees
- 685
- Location
- Charlottesville, VA
- Founding
- 12/1952
- Data as of
- 12/2023
- EIN
- 54-0540028
Organization Overview
Farmington Country Club Inc is located in Charlottesville, VA. The organization was established in 1952. 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 12/2023, Farmington Country Club Inc employed 685 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Country 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 12/2023, Farmington Country Club Inc generated $28.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $26.1m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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 PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Durtan President | OfficerTrustee | 3 | $0 |
Bob Moje Vice President | OfficerTrustee | 3 | $0 |
William Dickey Treasurer | OfficerTrustee | 3 | $0 |
Rosalyn Preston Secretary | OfficerTrustee | 3 | $0 |
Dick Gibson Director | Trustee | 3 | $0 |
Kathleen Murphy Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cooper Robertson Architect | 12/30/23 | $409,944 |
Procurement Consortium Interior Designers | 12/30/23 | $345,044 |
Millenium Security Security Service | 12/30/23 | $142,625 |
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 | $23,674,856 |
| Investment income | $192,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,916,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,838,899 |
| 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. | $792,083 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,785,252 |
| Pension plan accruals and contributions | $355,414 |
| Other employee benefits | $1,334,906 |
| Payroll taxes | $1,180,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,258 |
| Fees for services: Accounting | $30,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $193,736 |
| Office expenses | $64,587 |
| Information technology | $147,097 |
| Royalties | $0 |
| Occupancy | $864,152 |
| Travel | $79,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,766,624 |
| Insurance | $275,950 |
| All other expenses | $1,813,863 |
| Total functional expenses | $26,104,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,024,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,396,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,495,964 |
| Inventories for sale or use | $629,055 |
| Prepaid expenses and deferred charges | $83,107 |
| Net Land, buildings, and equipment | $42,996,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $653,890 |
| Investments—program-related | $940,736 |
| Intangible assets | $0 |
| Other assets | $67,456 |
| Total assets | $57,287,922 |
| Accounts payable and accrued expenses | $1,520,552 |
| Grants payable | $0 |
| Deferred revenue | $856,475 |
| 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 | $7,006,611 |
| Other liabilities | $711,680 |
| Total liabilities | $10,095,318 |
| Net assets without donor restrictions | $47,192,604 |
| 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 | $57,287,922 |