Woodmont Country Club
- Assets
- $56.2m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 435
- Location
- Rockville, MD
- Founding
- 03/1951
- Data as of
- 12/2021
- EIN
- 52-0535740
Organization Overview
Woodmont Country Club is located in Rockville, MD. The organization was established in 1951. 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, Woodmont Country Club employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodmont Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Woodmont Country Club generated $22.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $20.9m during the year ending 12/2021. While expenses have increased by 1.4% 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 PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES AS A COUNTRY CLUB TO PROVIDE RECREATIONAL ACTIVITIES TO ITS MEMBERSHIP, SUCH AS GOLF, TENNIS, SWIMMING AND DINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian D Pizzimenti Gm/ceo | Officer | 40 | $385,407 |
Bruce A Lipka Director Of Tennis | 40 | $359,674 | |
David T Dorn Jr Director Of Golf | 40 | $346,328 | |
Ryan Severidt Director Of Golf Course | 40 | $312,925 | |
Juan Carlos Escudero Director Of Junior Tennis | 40 | $245,855 | |
Trillium Rose Head Dir. Of Golf Instruction | 40 | $213,378 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Melanie Powers Publishing | 12/30/17 | $106,676 |
Patrol Security Security | 12/30/17 | $106,460 |
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 | $19,732,572 |
| Investment income | $26,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,353,874 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,075,767 |
| 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. | $593,569 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,370,426 |
| Pension plan accruals and contributions | $256,737 |
| Other employee benefits | $803,964 |
| Payroll taxes | $809,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,126 |
| Fees for services: Accounting | $74,387 |
| Fees for services: Lobbying | $1,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,970 |
| Advertising and promotion | $0 |
| Office expenses | $207,431 |
| Information technology | $256,123 |
| Royalties | $0 |
| Occupancy | $1,204,236 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,880 |
| Interest | $238,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,865,927 |
| Insurance | $392,083 |
| All other expenses | $565,523 |
| Total functional expenses | $20,890,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,425,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $402,477 |
| Prepaid expenses and deferred charges | $905,340 |
| Net Land, buildings, and equipment | $39,603,066 |
| Investments—publicly traded securities | $8,828,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,789,169 |
| Total assets | $56,166,542 |
| Accounts payable and accrued expenses | $3,269,726 |
| Grants payable | $0 |
| Deferred revenue | $1,749,920 |
| 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 | $6,387,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,954,410 |
| Total liabilities | $27,361,171 |
| Net assets without donor restrictions | $28,805,371 |
| 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 | $56,166,542 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
Delta Sigma Theta Sorority Inc Washington, DC | $59,604,954 | $43,935,038 |
Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
Country Club Of Virginia Inc Richmond, VA | $91,534,297 | $40,685,067 |
Congressional Country Club Inc Bethesda, MD | $78,316,209 | $29,100,314 |
Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Woodmont Country Club Rockville, MD | $56,166,542 | $22,075,767 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |
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 |