River Bend Golf & Country Club Inc
- Assets
- $31.8m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 331
- Location
- Great Falls, VA
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 54-0698591
Organization Overview
River Bend Golf & Country Club Inc is located in Great Falls, VA. The organization was established in 1964. 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 12/2022, River Bend Golf & Country Club Inc employed 331 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Bend Golf & 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 12/2022, River Bend Golf & Country Club Inc generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $15.6m during the year ending 12/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A PRIVATE SOCIAL CLUB FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER BEND COUNTRY CLUB OPERATES AND MAINTAINS FACILTIES FOR THE SOCIAL AND RECREATIONAL USE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Maguire President | OfficerTrustee | 8 | $0 |
Joe Femia Vice President | OfficerTrustee | 2 | $0 |
Jon Buckingham Secretary | OfficerTrustee | 2 | $0 |
Jon Shames Treasurer | OfficerTrustee | 4 | $0 |
John Mcgavin General Counsel | OfficerTrustee | 2 | $0 |
Jeremy Bardin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christopher J Beaulieu Lawn & Landscaping Services | 12/30/22 | $117,531 |
World Class Courts Tennis Court Resurface & Painting | 12/30/22 | $116,573 |
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 | $8,518,787 |
| Investment income | $16,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,523,109 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,131,134 |
| 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 | $7,132,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,102,751 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $653,530 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,623,524 |
| Insurance | $0 |
| All other expenses | $1,214,709 |
| Total functional expenses | $15,593,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,868 |
| Savings and temporary cash investments | $5,111,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,055,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $609,295 |
| Prepaid expenses and deferred charges | $758,523 |
| Net Land, buildings, and equipment | $22,939,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,008 |
| Total assets | $31,763,265 |
| Accounts payable and accrued expenses | $908,041 |
| Grants payable | $0 |
| Deferred revenue | $785,470 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,053,844 |
| Other liabilities | $172,048 |
| Total liabilities | $5,919,403 |
| Net assets without donor restrictions | $25,802,502 |
| Net assets with donor restrictions | $41,360 |
| 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 | $31,763,265 |