Indian Creek Yacht & Country Club Inc
- Assets
- $7.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 129
- Location
- Kilmarnock, VA
- Founding
- 09/1957
- Data as of
- 03/2022
- 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 03/2022, Indian Creek Yacht & Country Club Inc employed 129 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 03/2022, Indian Creek Yacht & Country Club Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $3.3m during the year ending 03/2022. While expenses have increased by 17.0% 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
2022
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, RACQUETBALL, YACHTING, POOL AND FOOD SERVICE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Darlak General Mana | 40 | $129,549 | |
Barbara Fentress Treasurer | OfficerTrustee | 2 | $0 |
Debbie Gillespie 1st Vp/direc | OfficerTrustee | 2 | $0 |
Ken Kopocis Secretary/ D | OfficerTrustee | 2 | $0 |
Barbara Mait Assist. Sec/ | OfficerTrustee | 2 | $0 |
Alan Ross President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,531,021 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,542,171 |
| Total Program Service Revenue | $1,703,762 |
| Investment income | $551 |
| 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 | $288,135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,878,433 |
| 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 | $1,353,127 |
| Pension plan accruals and contributions | $17,476 |
| Other employee benefits | $20,996 |
| Payroll taxes | $148,412 |
| Fees for services: Management | $8,263 |
| Fees for services: Legal | $4,469 |
| Fees for services: Accounting | $12,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,770 |
| Advertising and promotion | $56,204 |
| Office expenses | $189,877 |
| Information technology | $79,292 |
| Royalties | $0 |
| Occupancy | $652,523 |
| Travel | $5,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,537 |
| Insurance | $220,473 |
| All other expenses | $12,325 |
| Total functional expenses | $3,313,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,075 |
| Savings and temporary cash investments | $760,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $407,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,780 |
| Prepaid expenses and deferred charges | $84,423 |
| Net Land, buildings, and equipment | $4,949,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,236 |
| Total assets | $6,956,709 |
| Accounts payable and accrued expenses | $288,137 |
| Grants payable | $0 |
| Deferred revenue | $204,812 |
| 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 | $2,034,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,614 |
| Total liabilities | $2,625,546 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $41,900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,289,263 |
| Total liabilities and net assets/fund balances | $6,956,709 |
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|---|---|---|
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Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Annapolis Yacht Club Inc Annapolis, MD | $62,193,115 | $12,813,958 |
Westwood Country Club Inc Vienna, VA | $44,254,499 | $15,210,474 |