Penguin Club Inc
- Assets
- $350.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, VA
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 54-0741910
Organization Overview
Penguin Club Inc is located in Salem, VA. The organization was established in 1969. 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. Penguin 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 12/2021, Penguin Club Inc generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
SOCIAL AND RECREATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Witt V.president | 1 | $0 | |
Josh Gillespie Director | 1 | $0 | |
Shawn Rakes Director | 1 | $0 | |
James Martin Director | 1 | $0 | |
Ted Dyer President | 2 | $0 | |
Craig Cooper Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,748 |
| Membership dues | $42,521 |
| Investment income | $374 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $506 |
| Total Revenue | $57,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,774 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $56,467 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,184 |
| Total expenses | $72,575 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,015 |
| Other assets | $0 |
| Total assets | $350,675 |
| Total liabilities | $60,036 |
| Net assets or fund balances | $290,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |
Wildcat Cliffs Country Club Inc Highlands, NC | $17,268,619 | $5,709,162 |
Foundation Of Shalom Park Inc Charlotte, NC | $31,348,548 | $4,099,264 |