Naval Academy Golf Association
- Assets
- $4.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 58
- Location
- Annapolis, MD
- Founding
- 05/1945
- Data as of
- 12/2018
- EIN
- 52-0545280
Organization Overview
Naval Academy Golf Association is located in Annapolis, MD. The organization was established in 1945. 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 12/2018, Naval Academy Golf Association employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval Academy Golf Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2018, Naval Academy Golf Association generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2018. While expenses have increased by 4.1% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPORT OF GOLF AND THE USNA GOLF COURSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPMENT RENTAL & MAINTENANCE - PROVIDE GOLF CARTS AND CLUBS, WHEN NECESSARY, FOR MIDSHIPMAN AND MEMBER USAGE.
GROUNDS MAINTENANCE - MAINTAIN THE NATURAL BEAUTY OF THE GOLF COURSE FOR MIDSHIPMAN AND MEMBER USAGE.
PRINTING & PUBLICATIONS - PROMOTE THE SPORT OF GOLF AND THE USNA GOLF COURSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric David Golf Course Superintendent | 40 | $144,814 | |
Patrick Owen Head Golf Professional | 40 | $138,692 | |
Chet Gladchuk President | OfficerTrustee | 4 | $0 |
Capt Robert Chadwick Chairman | OfficerTrustee | 1 | $0 |
Carl Tamulevich Secretary | Officer | 4 | $0 |
Colleen Jordan Treasurer | Officer | 4 | $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 | $109,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,540 |
| Total Program Service Revenue | $2,346,154 |
| Investment income | $1,943 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,505,154 |
| 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 | $1,166,520 |
| Pension plan accruals and contributions | $41,059 |
| Other employee benefits | $90,563 |
| Payroll taxes | $81,832 |
| Fees for services: Management | $73,008 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,552 |
| 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 | $11,325 |
| Information technology | $25,509 |
| Royalties | $0 |
| Occupancy | $44,353 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,266 |
| Insurance | $22,716 |
| All other expenses | $67,131 |
| Total functional expenses | $2,444,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,596 |
| Savings and temporary cash investments | $143,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,240 |
| Net Land, buildings, and equipment | $3,561,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,460,119 |
| Accounts payable and accrued expenses | $230,591 |
| Grants payable | $0 |
| Deferred revenue | $125,065 |
| 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 | $697,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $277,810 |
| Total liabilities | $1,331,383 |
| Unrestricted restricted net Assets | $3,128,736 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,128,736 |
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Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |