Forest Park Country Club Inc
- Assets
- $94.0k
- Revenue
- $534.2k
- Investments
- $0.0
- Employees
- 31
- Location
- Martinsville, VA
- Founding
- 12/1941
- Data as of
- 12/2023
- EIN
- 54-0213989
Organization Overview
Forest Park Country Club Inc is located in Martinsville, VA. The organization was established in 1941. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Forest Park Country Club Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Park 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 12/2023, Forest Park Country Club Inc generated $534.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $468.5k during the year ending 12/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COUNTRY CLUB PROVIDING GOLF, SWIMMING, TENNIS AND OTHER AMENITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE - THE CLUB OPERATES AND MAINTAINS AN 18 HOLE GOLF COURSE AND PROVIDES ALL RELATED SERVICES INCLUDING A PRO SHOP.
SWIMMING POOL - THE CLUB HAS A SWIMMING POOL FOR THE USE OF ITS MEMBERS AND THEIR GUESTS.
CLUB HOUSE - THE CLUB PROVIDES CLUB HOUSE FACILITIES INCLUDING ROOMS FOR BUISINESS MEETING, RECREATIONACTIVITIES, AND ETERTAINING FOR THE MEMBERSHIP AND GUESTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica France Director | Trustee | 5 | $0 |
Timothy Martin Director | Trustee | 5 | $0 |
Mary Beth Noonan Director | Trustee | 5 | $0 |
Erika Trap Director | Trustee | 5 | $0 |
Chuck Tunnell Director | Trustee | 5 | $0 |
Brook Taylor Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,441 |
| Total Program Service Revenue | $273,796 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,280 |
| Net Income from Gaming Activities | -$783 |
| Net Income from Sales of Inventory | -$12,999 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,235 |
| 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 | $166,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,535 |
| Fees for services: Accounting | $19,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,069 |
| Advertising and promotion | $0 |
| Office expenses | $11,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,730 |
| All other expenses | $0 |
| Total functional expenses | $468,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,496 |
| Savings and temporary cash investments | $7,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,243 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,980 |
| Accounts payable and accrued expenses | $45,040 |
| 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 | $811,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $856,374 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $117,300 |
| Paid-in or capital surplus, or land, building, or equipment fund | $79,730 |
| Retained earnings, endowment, accumulated income, or other funds | -$959,424 |
| Total liabilities and net assets/fund balances | $93,980 |