Chevy Chase Club Inc
- Assets
- $66.9m
- Revenue
- $32.1m
- Investments
- $0.0
- Employees
- 511
- Location
- Chevy Chase, MD
- Founding
- 11/1941
- Data as of
- 09/2021
- EIN
- 52-0799949
Organization Overview
Chevy Chase Club Inc is located in Chevy Chase, MD. The organization was established in 1941. 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 09/2021, Chevy Chase Club Inc employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chevy Chase 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 09/2021, Chevy Chase Club Inc generated $32.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $27.1m during the year ending 09/2021. While expenses have increased by 0.9% per year over the past 6 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 PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke O'boyle General Manager | Officer | 40 | $492,456 |
Gustavo Goncalves Director Of Racquets | 40 | $340,988 | |
Stephen Britton Director Of Agronomy | 40 | $306,140 | |
Kenneth Gladysz Executive Chef | 40 | $266,361 | |
Elisha Cicerone Food & Beverage Director | 40 | $238,719 | |
Adam Hemeon Director Of Golf | 40 | $212,463 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caddie Master Enterprises Llc Caddie Services | 9/29/21 | $420,126 |
Havtech Solutions Llc Hvac Services - Energy Management System | 9/29/21 | $232,900 |
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 | $29,118,098 |
| Investment income | $84,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,806,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,070,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $562,806 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,475,263 |
| Pension plan accruals and contributions | $792,804 |
| Other employee benefits | $1,500,347 |
| Payroll taxes | $1,187,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,310 |
| Advertising and promotion | $0 |
| Office expenses | $781,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,111,207 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,179,861 |
| Insurance | $259,717 |
| All other expenses | $968,941 |
| Total functional expenses | $27,138,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,227,898 |
| Savings and temporary cash investments | $5,249,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,510,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $571,569 |
| Prepaid expenses and deferred charges | $750,896 |
| Net Land, buildings, and equipment | $42,882,497 |
| Investments—publicly traded securities | $1,765,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,981,220 |
| Total assets | $66,940,188 |
| Accounts payable and accrued expenses | $2,971,513 |
| Grants payable | $0 |
| Deferred revenue | $7,093,286 |
| 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 | $0 |
| Other liabilities | $2,543,021 |
| Total liabilities | $12,607,820 |
| Net assets without donor restrictions | $52,440,014 |
| Net assets with donor restrictions | $1,892,354 |
| 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 | $66,940,188 |
Endowment Analysis
| Beg. Balance | $1,787,293 |
| Earnings | $7,763 |
| Net Contributions | $997,917 |
| Other Expense | $900,619 |
| Ending Balance | $1,892,354 |
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 |