Rehoboth Beach Country Club Inc is located in Rehoboth Beach, DE. The organization was established in 1949. 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 03/2022, Rehoboth Beach Country Club Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rehoboth Beach Country 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 03/2022, Rehoboth Beach Country Club Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.5m during the year ending 03/2022. 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
SOCIAL CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF THE CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR
GOLF ACTIVITIES
POOL AND OTHER
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Macdonald General Manager | 40 | $205,096 | |
Andrew Maggitti Executive Chef | 40 | $163,151 | |
Dennis Runsten Treasurer | Officer | 6 | $0 |
Lynn Kokjohn Secretary | Officer | 6 | $0 |
Joe Kirchner Vice President | Officer | 6 | $0 |
Gerry Desmond President | Officer | 6 | $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 | $8,840,004 |
Investment income | $1,002 |
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 | -$63,021 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,893,301 |
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 | $2,401,866 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $186,187 |
Payroll taxes | $210,706 |
Fees for services: Management | $0 |
Fees for services: Legal | $31,278 |
Fees for services: Accounting | $46,595 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $37,842 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $205,111 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $354,856 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,226,134 |
Insurance | $219,011 |
All other expenses | $165,767 |
Total functional expenses | $6,482,596 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,084,597 |
Savings and temporary cash investments | $3,139,789 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $871,004 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $294,495 |
Prepaid expenses and deferred charges | $147,792 |
Net Land, buildings, and equipment | $18,352,015 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $220,728 |
Total assets | $25,110,420 |
Accounts payable and accrued expenses | $736,863 |
Grants payable | $0 |
Deferred revenue | $1,294,190 |
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 | $11,652,962 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $217,658 |
Total liabilities | $13,901,673 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $1,117,812 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $10,090,935 |
Total liabilities and net assets/fund balances | $25,110,420 |
Organization Name | Assets | Revenue |
---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
Alpine Country Club Corp Demarest, NJ | $25,381,114 | $12,700,822 |
Upper Montclair Country Club Clifton, NJ | $27,561,900 | $13,306,753 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
United States Rowing Association Princeton, NJ | $3,941,126 | $14,308,722 |