Salisbury Club Ltd
- Assets
- $15.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 257
- Location
- Midlothian, VA
- Founding
- 04/1967
- Data as of
- 09/2021
- EIN
- 54-0756598
Organization Overview
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 09/2021, Salisbury Club Ltd employed 257 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 09/2021, Salisbury Club Ltd generated $9.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Sherwood General Manager & Secretary | Officer | 40 | $198,384 |
Mike Hott Golf Professional | 40 | $160,617 | |
Jeff Holliday Golf Course Superintendent | 40 | $149,766 | |
Daniel Jordan Clubhouse Manager | 40 | $101,662 | |
Neil Cowan President | OfficerTrustee | 2 | $0 |
Lynn Strader Treasurer | OfficerTrustee | 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 | $8,841,123 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $948,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,789,129 |
| 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. | $215,199 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,141,591 |
| Pension plan accruals and contributions | $112,573 |
| Other employee benefits | $257,112 |
| Payroll taxes | $312,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,946 |
| Fees for services: Accounting | $14,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,896 |
| Office expenses | $102,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,556 |
| Travel | $3,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $277,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $851,493 |
| Insurance | $107,240 |
| All other expenses | $163,533 |
| Total functional expenses | $7,149,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,988,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $743,323 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $380,971 |
| Prepaid expenses and deferred charges | $48,289 |
| Net Land, buildings, and equipment | $9,742,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,066 |
| Other assets | $1,854,864 |
| Total assets | $15,759,831 |
| Accounts payable and accrued expenses | $1,832,351 |
| Grants payable | $0 |
| Deferred revenue | $498,985 |
| 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 | $3,470,782 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $169,933 |
| Total liabilities | $5,972,051 |
| Net assets without donor restrictions | $9,787,780 |
| 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 | $15,759,831 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Annapolis Yacht Club Inc Annapolis, MD | $62,193,115 | $12,813,958 |
Westwood Country Club Inc Vienna, VA | $44,254,499 | $15,210,474 |