Meadowbrook Country Club Inc
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 75
- Location
- Richmond, VA
- Founding
- 11/1967
- Data as of
- 12/2021
- EIN
- 54-0640978
Organization Overview
Meadowbrook Country Club Inc is located in Richmond, VA. The organization was established in 1967. 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 12/2021, Meadowbrook Country Club Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowbrook 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 12/2021, Meadowbrook Country Club Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 0.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP AT A COUNTRY CLUB WITH GOLF, TENNIS, POOL, FITNESS & CLUBHOUSE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING ROOM & CLUBHOUSE FACILITIES; OPEN TO MEMBERS AND THEIR GUESTS FOR FOOD AND BEVERAGES.
GOLF COURSE & RELATED FACILITIES; EIGHTEEN HOLE GOLF COURSE & RELATED FACILITIES OPEN TO MEMBERS AND THEIR GUESTS.
SWIMMING POOL FACILITIES; OPEN TO MEMBERS AND THEIR GUESTS FROM MEMORIAL DAY TO LABOR DAY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Riddle President | OfficerTrustee | 5 | $0 |
David Clelland Vice Preside | OfficerTrustee | 5 | $0 |
Ken Hart Secretary (b | OfficerTrustee | 1 | $0 |
John Sarrett Treasurer | OfficerTrustee | 1 | $0 |
Lois Jennings Director | Trustee | 1 | $0 |
Brook Heggie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,945 |
| 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 | $288,945 |
| Total Program Service Revenue | $1,360,237 |
| Investment income | $22 |
| 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 | -$160,937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,614,964 |
| 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 | $567,989 |
| Pension plan accruals and contributions | $5,231 |
| Other employee benefits | $39,222 |
| Payroll taxes | $45,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,489 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,905 |
| Insurance | $35,979 |
| All other expenses | $131,322 |
| Total functional expenses | $1,504,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,112 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,941 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,198,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,558 |
| Other assets | $0 |
| Total assets | $2,024,692 |
| Accounts payable and accrued expenses | $88,148 |
| Grants payable | $0 |
| Deferred revenue | $73,553 |
| 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 | $1,298,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,460,634 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $900,745 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,455 |
| Retained earnings, endowment, accumulated income, or other funds | -$343,142 |
| Total liabilities and net assets/fund balances | $2,024,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
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 |