Bayville Golf Club
- Assets
- $24.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 96
- Location
- Virginia Beach, VA
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 54-1673988
Organization Overview
Bayville Golf Club is located in Virginia Beach, VA. The organization was established in 1994. 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, Bayville Golf Club employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayville Golf Club 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, Bayville Golf Club generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 5 years. 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 PROVIDE FACILITIES TO PLAY GOLF AND OTHER RECREATIONAL ACTIVITIES FOR ITS MEMBERS, THEIR FAMILY AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE PROVIDED TO MEMBERS AND THEIR GUESTS.
GOLF PROVIDED TO MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Whitfield President | OfficerTrustee | 2 | $0 |
Alvin Wall Treasurer | OfficerTrustee | 2 | $0 |
Brian Holland Secretary | OfficerTrustee | 2 | $0 |
Dave Brown Director | Trustee | 1 | $0 |
Anina Budig Director | Trustee | 1 | $0 |
Greg Casey Director | Trustee | 1 | $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 | $3,546,916 |
| Investment income | $8,938 |
| 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 | $100,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,230,794 |
| 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 | $1,900,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,000 |
| Payroll taxes | $146,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,383 |
| Advertising and promotion | $0 |
| Office expenses | $5,736 |
| Information technology | $71,789 |
| Royalties | $0 |
| Occupancy | $307,658 |
| Travel | $89,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528,743 |
| Insurance | $71,729 |
| All other expenses | $117,488 |
| Total functional expenses | $4,151,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,946,142 |
| Savings and temporary cash investments | $50,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $234,619 |
| Prepaid expenses and deferred charges | $135,516 |
| Net Land, buildings, and equipment | $20,771,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,383 |
| Total assets | $24,029,781 |
| Accounts payable and accrued expenses | $361,839 |
| Grants payable | $0 |
| Deferred revenue | $281,427 |
| 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 | $2,875,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,381 |
| Total liabilities | $3,673,647 |
| Net assets without donor restrictions | $20,356,134 |
| 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 | $24,029,781 |