North Fork Resort Association
- Assets
- $3.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Front Royal, VA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 54-1299840
Organization Overview
North Fork Resort Association is located in Front Royal, 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 12/2021, North Fork Resort Association employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Fork Resort Association 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, North Fork Resort Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
TO BE THE ASSOCIATION OF OWNERS OF UNDIVIDED INTEREST IN NORTH FORK CAMPSITE RESORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CAMPING AND RECREATIONAL FACILITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Nicholas Vice President | OfficerTrustee | 5 | $0 |
Jennifer Silkworth Secretary | OfficerTrustee | 1 | $0 |
Jim Bennett Treasurer | OfficerTrustee | 1 | $0 |
Ronald Mcdonald President | OfficerTrustee | 5 | $0 |
Kellie Burow Director | Trustee | 1 | $0 |
Bobbi Woods Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,700 |
| 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 | $107,700 |
| Total Program Service Revenue | $1,570,698 |
| Investment income | $11,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,222 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,777,006 |
| 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 | $523,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,648 |
| 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 | $46,736 |
| Advertising and promotion | $3,526 |
| Office expenses | $5,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $364,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,759 |
| Insurance | $75,662 |
| All other expenses | $84,882 |
| Total functional expenses | $1,481,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,742 |
| Savings and temporary cash investments | $588,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,889 |
| Prepaid expenses and deferred charges | $8,579 |
| Net Land, buildings, and equipment | $1,242,638 |
| Investments—publicly traded securities | $897,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,289,054 |
| Accounts payable and accrued expenses | $71,594 |
| Grants payable | $0 |
| Deferred revenue | $243,038 |
| 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 | $102,461 |
| Unsecured mortgages and notes payable | $210,838 |
| Other liabilities | $1,214 |
| Total liabilities | $629,145 |
| Net assets without donor restrictions | $2,659,909 |
| 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 | $3,289,054 |
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