Salisbury Club Ltd is located in Midlothian, VA. The organization was established in 1967. 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, Salisbury Club Ltd employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Club Ltd 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, Salisbury Club Ltd generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. While expenses have increased by 2.7% 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
MEMBERSHIP AT A COUNTRY CLUB WITH GOLF, TENNIS, POOL, FITNESS AND CLUBHOUSE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING ROOM & CLUBHOUSE FACILITIES; OPEN TO MEMBERS AND THEIR GUESTS FOR FOOD, BEVERAGE AND SOCIAL ACTIVITIES
GOLF COURSE AND RELATED FACILITIES; TWENTY-SEVEN HOLE GOLF COURSE AND RELATED FACILITIES OPEN TO MEMBERS AND THEIR GUESTS.
TENNIS FACILITIES; INDOOR AND OUTDOOR TENNIS COURTS - OPEN TO MEMBERS AND THEIR GUESTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Drew Holtzman President | OfficerTrustee | 2 | $0 |
Travis Miller Treasurer | OfficerTrustee | 2 | $0 |
Jen Burns Vice President | OfficerTrustee | 2 | $0 |
Stephen Marshall Secretary/director | OfficerTrustee | 2 | $0 |
Lauren Cecil Director | Trustee | 1 | $0 |
Karen Franks Director | Trustee | 1 | $0 |
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 | $7,683,404 |
Investment income | $55,166 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$87,180 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,259,596 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,050,781 |
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. | $263,676 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,839,527 |
Pension plan accruals and contributions | $129,991 |
Other employee benefits | $258,249 |
Payroll taxes | $366,842 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,476 |
Fees for services: Accounting | $15,330 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $16,178 |
Office expenses | $110,898 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $205,456 |
Travel | $1,501 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $121,325 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,114,264 |
Insurance | $166,272 |
All other expenses | $230,090 |
Total functional expenses | $8,338,433 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,806,277 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $590,357 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $511,368 |
Prepaid expenses and deferred charges | $33,507 |
Net Land, buildings, and equipment | $11,740,794 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $33,348 |
Total assets | $15,715,651 |
Accounts payable and accrued expenses | $408,439 |
Grants payable | $0 |
Deferred revenue | $562,210 |
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 | $1,639,824 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $180,844 |
Total liabilities | $2,791,317 |
Net assets without donor restrictions | $12,924,334 |
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 | $15,715,651 |