Country Club Of Culpeper Inc
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 40
- Location
- Culpeper, VA
- Founding
- 01/1957
- Data as of
- 12/2022
- EIN
- 54-0572704
Organization Overview
Country Club Of Culpeper Inc is located in Culpeper, VA. The organization was established in 1957. 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 12/2022, Country Club Of Culpeper Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Culpeper Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Country Club Of Culpeper Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 2.7% 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
THE ORGANIZATION IS EXEMPT UNDER SECTION 501(C) (7) AS A CLUB ORGANIZED FOR RECREATIONAL GOLF, TENNIS, SWIMMING, DINING AND OTHER NOT-FOR-PROFIT ACTIVITIES. THE ACTIVITIES INCLUDED IN PART III ARE GERMANE TO THOSE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF ACTIVITIES
POOL ACTIVITIES
RESTAURANT FOR MEMBERS ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyndy Woodward President/director | OfficerTrustee | 1 | $0 |
Steve Miller Treasurer/director | OfficerTrustee | 1 | $0 |
Dr David Brooks Director | Trustee | 1 | $0 |
John Falconer Vice President/director | OfficerTrustee | 1 | $0 |
Mary Tuggle Director | Trustee | 1 | $0 |
John Faeth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $977,524 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105,905 |
| Total Program Service Revenue | $683,700 |
| Investment income | $880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,891,449 |
| 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 | $434,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,977 |
| Payroll taxes | $41,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,789 |
| Insurance | $36,920 |
| All other expenses | $64,652 |
| Total functional expenses | $1,672,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,422 |
| Prepaid expenses and deferred charges | $10,027 |
| Net Land, buildings, and equipment | $2,236,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,173 |
| Other assets | $0 |
| Total assets | $2,736,030 |
| Accounts payable and accrued expenses | $86,717 |
| 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 | $9,300 |
| Secured mortgages and notes payable | $750,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,149 |
| Total liabilities | $917,166 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $135,400 |
| Paid-in or capital surplus, or land, building, or equipment fund | $433,786 |
| Retained earnings, endowment, accumulated income, or other funds | $1,249,678 |
| Total liabilities and net assets/fund balances | $2,736,030 |