Chevy Chase Club Inc
- Assets
- $74.6m
- Revenue
- $36.9m
- Investments
- $0.0
- Employees
- 567
- Location
- Chevy Chase, MD
- Founding
- 11/1941
- Data as of
- 09/2023
- 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 09/2023, Chevy Chase Club Inc employed 567 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 09/2023, Chevy Chase Club Inc generated $36.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $33.3m during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
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 |
|---|---|---|---|
Timothy A Harr President | OfficerTrustee | 1 | $0 |
William J Curtin III Vice President | OfficerTrustee | 1 | $0 |
Joshua G Hartman Vice President | OfficerTrustee | 1 | $0 |
Christopher Connolly Executive Committee Chairman | OfficerTrustee | 1 | $0 |
Ira W Carnahan Treasurer | OfficerTrustee | 1 | $0 |
Robert B Bellinger Assistant Treasurer | OfficerTrustee | 1 | $0 |
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 | $31,679,238 |
| Investment income | $619,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$62,059 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,695,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,931,800 |
| 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. | $601,651 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,203,652 |
| Pension plan accruals and contributions | $930,287 |
| Other employee benefits | $1,796,042 |
| Payroll taxes | $1,498,445 |
| 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 | $304,300 |
| Advertising and promotion | $0 |
| Office expenses | $975,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,544,157 |
| 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 | $3,000,664 |
| Insurance | $339,715 |
| All other expenses | $1,495,695 |
| Total functional expenses | $33,285,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,560,501 |
| Savings and temporary cash investments | $12,589,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,151,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $694,041 |
| Prepaid expenses and deferred charges | $725,179 |
| Net Land, buildings, and equipment | $44,043,822 |
| Investments—publicly traded securities | $1,760,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,117,847 |
| Total assets | $74,643,562 |
| Accounts payable and accrued expenses | $2,543,193 |
| Grants payable | $0 |
| Deferred revenue | $8,270,911 |
| 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 | $2,489,345 |
| Total liabilities | $13,303,449 |
| Net assets without donor restrictions | $59,440,687 |
| Net assets with donor restrictions | $1,899,426 |
| 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 | $74,643,562 |