Talbot Country Club Inc
- Assets
- $8.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 166
- Location
- Easton, MD
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 52-0504660
Organization Overview
Talbot Country Club Inc is located in Easton, MD. The organization was established in 1954. 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, Talbot Country Club Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talbot 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 12/2021, Talbot Country Club Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 3.1% 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
THE PURPOSE FOR WHICH THE CLUB WAS FORMED: OPERATE A GOLF AND COUNTRY CLUB EXCLUSIVELY FOR SOCIAL,RECREATIONAL AND OTHER NON-PROFIT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF FACILITIES - PROVIDING AND MAINTAINING GOLF FACILITIES
CLUB HOUSE FACILITIES - PROVIDING AND MAINTAINING FOOD AND BEVERAGE SERVICE
POOL AND TENNIS FACILITIES - PROVIDING AND MAINTAINING POOL AND TENNIS FACILITIES
COMMITTEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Mcwilliams Employee | 40 | $174,997 | |
Derek W Haley Employee | 40 | $129,110 | |
David Hayes Employee | 40 | $122,006 | |
Steve Carns President | Officer | 4 | $0 |
John Nyland Treasurer | Officer | 4 | $0 |
Christine Dayton 2nd Vice President | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shore Projects Llc Renovations | 12/30/21 | $119,954 |
Bountiful Decor Renovations | 12/30/21 | $761,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,214,155 |
| 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 | $4,214,155 |
| Total Program Service Revenue | $589,855 |
| Investment income | $2,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$163,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $605,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,365,663 |
| 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 | $2,154,340 |
| Pension plan accruals and contributions | $11,800 |
| Other employee benefits | $144,172 |
| Payroll taxes | $219,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,773 |
| Advertising and promotion | $83,429 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,609 |
| Interest | $32,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $541,600 |
| Insurance | $80,685 |
| All other expenses | $633,482 |
| Total functional expenses | $4,618,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,579 |
| Savings and temporary cash investments | $1,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $591,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,285 |
| Prepaid expenses and deferred charges | $77,738 |
| Net Land, buildings, and equipment | $7,652,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,908,484 |
| Accounts payable and accrued expenses | $335,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,091,569 |
| Other liabilities | $84,615 |
| Total liabilities | $1,511,576 |
| Net assets without donor restrictions | $7,396,908 |
| 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 | $8,908,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
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 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |