Fredericksburg Country Club Inc
- Assets
- $7.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 137
- Location
- Fredericksburg, VA
- Founding
- 04/1949
- Data as of
- 12/2022
- EIN
- 54-0471444
Organization Overview
Fredericksburg Country Club Inc is located in Fredericksburg, VA. The organization was established in 1949. 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 12/2022, Fredericksburg Country Club Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg 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 12/2022, Fredericksburg Country Club Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF COUNTRY CLUB FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING-THE CLUB OFFERS TWO FULL SERVICE RESTAURANTS TO ITS MEMBERS AND THEIR GUESTS.
GOLF COURSE-THE GOLF COURSE IS OPEN TO MEMBERS YEAR ROUND. THE CLUB OFFERS LESSONS AND CART RENTAL.
TENNIS COURTS AND SWIMMING POOL-THE TENNIS COURTS ARE OPEN TO MEMBERS. THE CLUB OFFERS LESSONS AND RACKET RESTRINGING SERVICES. THE COVERED POOL IS OPEN TO MEMBERS YEAR ROUND. SWIMMING LESSONS ARE AVAILABLE TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Hall President | OfficerTrustee | 1 | $0 |
Chris Hoiska Vice President | OfficerTrustee | 1 | $0 |
Tony Farland Treasurer | OfficerTrustee | 0.5 | $0 |
Larry Dix Secretary | OfficerTrustee | 0.5 | $0 |
Marque Ledoux Director | Trustee | 0.5 | $0 |
Clay Huber Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $299,675 |
| 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 | $299,675 |
| Total Program Service Revenue | $3,162,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $914,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,373,256 |
| 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. | $210,000 |
| Compensation of current officers, directors, key employees. | $210,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,814,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,119 |
| Payroll taxes | $175,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,050 |
| 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 | $10,380 |
| Advertising and promotion | $50,717 |
| Office expenses | $136,135 |
| Information technology | $11,946 |
| Royalties | $0 |
| Occupancy | $169,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,117 |
| Insurance | $57,059 |
| All other expenses | $262,628 |
| Total functional expenses | $3,649,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $446,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,383 |
| Prepaid expenses and deferred charges | $176 |
| Net Land, buildings, and equipment | $5,309,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,820 |
| Total assets | $7,017,315 |
| Accounts payable and accrued expenses | $106,763 |
| Grants payable | $0 |
| Deferred revenue | $329,933 |
| 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 | $2,957,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,466 |
| Total liabilities | $3,447,220 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $264,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $451,450 |
| Retained earnings, endowment, accumulated income, or other funds | $2,854,645 |
| Total liabilities and net assets/fund balances | $7,017,315 |