International Town-Country Club Inc
- Assets
- $30.9m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 282
- Location
- Fairfax, VA
- Founding
- 12/1962
- Data as of
- 09/2023
- EIN
- 54-0697963
Organization Overview
International Town-Country Club Inc is located in Fairfax, VA. The organization was established in 1962. 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 09/2023, International Town-Country Club Inc employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Town-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 09/2023, International Town-Country Club Inc generated $13.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $12.5m during the year ending 09/2023. While expenses have increased by 4.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE MEMBERSHIP CLUB OFFERING GOLF, SWIMMING, DINING, TENNIS AND FITNESS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EXCEPTIONAL COUNTRY CLUB EXPERIENCES FOR MEMBERS AND AN ENVIRONMENT THAT ENCOURAGES THE FORMATION OF ENDURING FRIENDSHIPS BY OFFERING PERSONALIZED SERVICE, OUTSTANDING FACILITIES AND A SUSTAINED COMMITMENT TO QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Tacinelli President | OfficerTrustee | 1.5 | $0 |
Jeff Klein Vice President | OfficerTrustee | 1.5 | $0 |
Ken Elder Treasurer | OfficerTrustee | 1.5 | $0 |
Sean Kelly Secretary | OfficerTrustee | 1.5 | $0 |
Joey Cushman Governor | Trustee | 1.5 | $0 |
Scott Siegel Governor | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Wharf Sod Golf Course Renovation | 9/29/23 | $142,534 |
Mcdonald & Sons Golf Course Renovation | 9/29/23 | $121,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $8,985,129 |
| Investment income | $10,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,223,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,922,516 |
| 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. | $294,940 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,227,956 |
| Pension plan accruals and contributions | $61,068 |
| Other employee benefits | $762,487 |
| Payroll taxes | $464,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $31,432 |
| Advertising and promotion | $447,811 |
| Office expenses | $225,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $646,820 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $470,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,877,135 |
| Insurance | $166,140 |
| All other expenses | $191,062 |
| Total functional expenses | $12,451,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $714,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,026,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $587,851 |
| Inventories for sale or use | $437,768 |
| Prepaid expenses and deferred charges | $96,139 |
| Net Land, buildings, and equipment | $24,470,667 |
| Investments—publicly traded securities | $2,485,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,770 |
| Total assets | $30,931,004 |
| Accounts payable and accrued expenses | $1,094,947 |
| Grants payable | $0 |
| Deferred revenue | $99,295 |
| 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 | $9,891,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,660 |
| Total liabilities | $11,285,000 |
| Net assets without donor restrictions | $19,646,004 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,931,004 |