Lake Bona Venture Country Club
- Assets
- $123.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, VA
- Founding
- 02/1964
- Data as of
- 12/2019
- EIN
- 54-0649461
Organization Overview
Lake Bona Venture Country Club is located in Lebanon, VA. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Bona Venture Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Lake Bona Venture Country Club generated $124.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $73.6k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDING RECREATIONAL ACTIVITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Hess President | 2 | $0 | |
Vince Hess 2nd Vice President | 2 | $0 | |
Donald Chaffin 1st Vice President | 2 | $0 | |
Linda M Hubbard Secretary/treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $124,382 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,382 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,427 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $9,920 |
| Printing, publications, postage, and shipping | $165 |
| Other expenses | $46,607 |
| Total expenses | $73,619 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,275 |
| Other assets | $0 |
| Total assets | $123,847 |
| Total liabilities | $81,209 |
| Net assets or fund balances | $42,638 |
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