Mount Vernon Country Club Inc
- Assets
- $16.2m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 157
- Location
- Alexandria, VA
- Founding
- 06/1991
- Data as of
- 12/2022
- EIN
- 54-0735366
Organization Overview
Mount Vernon Country Club Inc is located in Alexandria, VA. The organization was established in 1991. 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, Mount Vernon Country Club Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Vernon 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, Mount Vernon Country Club Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 3.4% 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 PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS GOLF COURSE, SWIMMING POOL AND DINING ROOMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Johnson Director | Trustee | 1 | $0 |
Alexandra Edwards Director | Trustee | 1 | $0 |
Ann Barletta Director | Trustee | 1 | $0 |
Daniel Eubanks Director | Trustee | 1 | $0 |
Brian Mccullough Director | Trustee | 1 | $0 |
Ken White President | Officer | 2 | $0 |
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 | $7,542,928 |
| Investment income | $9,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,421 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,091,003 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,658,476 |
| 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. | $235,779 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,249,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $398,297 |
| Payroll taxes | $275,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,669 |
| 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 | $575,735 |
| Information technology | $46,003 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,165,253 |
| Insurance | $134,787 |
| All other expenses | $992,838 |
| Total functional expenses | $8,384,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,490,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $744,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $607,886 |
| Inventories for sale or use | $182,278 |
| Prepaid expenses and deferred charges | $149,443 |
| Net Land, buildings, and equipment | $12,025,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,151 |
| Total assets | $16,208,437 |
| Accounts payable and accrued expenses | $432,644 |
| Grants payable | $0 |
| Deferred revenue | $495,394 |
| 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 | $4,490,299 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,110 |
| Total liabilities | $5,478,447 |
| Net assets without donor restrictions | $10,729,990 |
| 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 | $16,208,437 |