Indian Creek Yacht & Country Club Inc
- Assets
- $7.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 114
- Location
- Kilmarnock, VA
- Founding
- 09/1957
- Data as of
- 03/2024
- EIN
- 54-0610145
Organization Overview
Indian Creek Yacht & Country Club Inc is located in Kilmarnock, 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 03/2024, Indian Creek Yacht & Country Club Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Creek Yacht & 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 03/2024, Indian Creek Yacht & Country Club Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.2m during the year ending 03/2024. While expenses have increased by 6.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OUR MEMBERS WITH A FIRST CLASS EXPERIENCE BY DEVELOPING RELATIONSHIPS, CREATING A SENSE OF CAMARADERIE AND IMPARTING PRIDE IN OUR MEMBERS BY OFFERING EXCEPTIONAL RECREATIONAL, SOCIAL AND DINING EXPERIENCES IN A FISCALLY SOUND MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CLUB PROVIDING GOLF, TENNIS, YACHTING, POOL AND FOOD SERVICE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Darlak General Mana | 40 | $151,524 | |
Barbara Fentress President | OfficerTrustee | 2 | $0 |
Trent Kerns Membership C | Trustee | 2 | $0 |
Kenneth Kopocis Finance Chai | OfficerTrustee | 2 | $0 |
Martha Mattheisen Racquet | OfficerTrustee | 2 | $0 |
Barbara Maynard Golf Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,031,205 |
| 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 | $2,031,205 |
| Total Program Service Revenue | $1,884,223 |
| Investment income | $22,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $473,442 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,371,710 |
| 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 | $1,855,045 |
| Pension plan accruals and contributions | $16,320 |
| Other employee benefits | $48,372 |
| Payroll taxes | $183,214 |
| Fees for services: Management | $27,458 |
| Fees for services: Legal | $17,951 |
| Fees for services: Accounting | $14,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73,671 |
| Office expenses | $193,912 |
| Information technology | $88,503 |
| Royalties | $0 |
| Occupancy | $692,532 |
| Travel | $11,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,545 |
| Insurance | $275,520 |
| All other expenses | $7,502 |
| Total functional expenses | $4,194,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,096 |
| Savings and temporary cash investments | $526,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $446,499 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $198,706 |
| Prepaid expenses and deferred charges | $114,339 |
| Net Land, buildings, and equipment | $5,345,611 |
| Investments—publicly traded securities | $307,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $526,345 |
| Total assets | $7,596,797 |
| Accounts payable and accrued expenses | $289,252 |
| Grants payable | $0 |
| Deferred revenue | $267,842 |
| 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 | $1,977,742 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $287,794 |
| Total liabilities | $2,822,630 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,400 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,723,767 |
| Total liabilities and net assets/fund balances | $7,596,797 |