Warwick Yacht & Country Club Inc
- Assets
- $527.4k
- Revenue
- $790.5k
- Investments
- $0.0
- Employees
- 45
- Location
- Newport News, VA
- Founding
- 12/1960
- Data as of
- 03/2022
- EIN
- 54-0697428
Organization Overview
Warwick Yacht & Country Club Inc is located in Newport News, VA. The organization was established in 1960. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Warwick Yacht & Country Club Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warwick 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, Warwick Yacht & Country Club Inc generated $790.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $784.3k during the year ending 03/2022. While expenses have increased by 5.7% 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
ORGANIZED FOR THE EXPRESS PURPOSE OF DEVELOPING, MAINTAINING AND OPERATING A BOAT AND YACHT CLUB AND FOR THE GENERAL PURPOSES OF DEVELOPING RECREATIONAL FACILITIES FOR THE MEMBERS AND OTHER NON-PROFIT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOAT SLIP RENTALS TO MEMBERS
SWIMMING POOL PROVIDED FOR MEMBERS AND SPONSOR SWIM TEAM FOR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Brenegar Rear Commodore | OfficerTrustee | 2 | $0 |
Melissa Nehrbass Secretary | OfficerTrustee | 8 | $0 |
Lisa Candella Treasurer | OfficerTrustee | 20 | $0 |
Dominic Velardi Director | Trustee | 2 | $0 |
Rob Lefkowicz Director | Trustee | 2 | $0 |
Mary Harringtion Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $406,371 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,571 |
| Total Program Service Revenue | $169,149 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,225 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,443 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,525 |
| 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 | $316,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,571 |
| Advertising and promotion | $3,502 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,801 |
| Insurance | $42,986 |
| All other expenses | $7,190 |
| Total functional expenses | $784,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,272 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $283,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,688 |
| Other assets | $0 |
| Total assets | $527,393 |
| Accounts payable and accrued expenses | $3,045 |
| 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 | $0 |
| Secured mortgages and notes payable | $459,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $462,158 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $139,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$73,865 |
| Total liabilities and net assets/fund balances | $527,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |