Farmington Country Club Inc
- Assets
- $52.4m
- Revenue
- $25.3m
- Investments
- $594.8k
- Employees
- 573
- Location
- Charlottesville, VA
- Founding
- 12/1952
- Data as of
- 12/2021
- EIN
- 54-0540028
Organization Overview
Farmington Country Club Inc is located in Charlottesville, VA. The organization was established in 1952. 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 12/2021, Farmington Country Club Inc employed 573 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington 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 12/2021, Farmington Country Club Inc generated $25.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL INTERACTION AND 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 |
|---|---|---|---|
Joseph E Krenn General Manager/coo | Officer | 50 | $431,499 |
Ronald B Hass Director Of Racquet Sports | 45 | $252,965 | |
Scott G Kinnan Golf Course Superintendent | Officer | 45 | $233,202 |
Julieanne B Brown CFO | Officer | 45 | $201,666 |
Thomas J Zimmerman Membership Director | 45 | $201,320 | |
Michael Matarazzo Executive Chef | Officer | 45 | $156,159 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sl Williamson Company Inc Road Paving | 12/30/21 | $235,815 |
Smith Turf & Irrigation Co Construction Services | 12/30/21 | $181,096 |
Bbx Corporation Construction Services | 12/30/21 | $478,240 |
Martin Horn Inc Construction Services | 12/30/21 | $3,872,815 |
Landscapes Unlimited Construction Services | 12/30/21 | $175,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $166,324 |
| Government grants | $1,562,193 |
| 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 | $1,728,517 |
| Total Program Service Revenue | $19,663,092 |
| Investment income | $16,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,837,275 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,257,129 |
| 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. | $633,164 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,455,463 |
| Pension plan accruals and contributions | $383,939 |
| Other employee benefits | $1,030,197 |
| Payroll taxes | $775,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,498 |
| Fees for services: Accounting | $19,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $206,351 |
| Office expenses | $68,244 |
| Information technology | $116,298 |
| Royalties | $0 |
| Occupancy | $696,916 |
| Travel | $48,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,914,598 |
| Insurance | $276,027 |
| All other expenses | $1,760,057 |
| Total functional expenses | $19,721,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,010,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,337,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,202,562 |
| Inventories for sale or use | $428,400 |
| Prepaid expenses and deferred charges | $40,120 |
| Net Land, buildings, and equipment | $40,052,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $594,757 |
| Investments—program-related | $770,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,436,644 |
| Accounts payable and accrued expenses | $1,702,473 |
| Grants payable | $0 |
| Deferred revenue | $828,685 |
| 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 | $7,993,984 |
| Other liabilities | $620,185 |
| Total liabilities | $11,145,327 |
| Net assets without donor restrictions | $41,291,317 |
| Net assets with donor restrictions | $0 |
| 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 | $52,436,644 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Farmington Country Club Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
David E Post Family Foundation Maitland, FL PURPOSE: HISTORIC PRESERVATION | $500 |
David E Post Family Foundation Maitland, FL PURPOSE: HISTORIC PRESERVATION | $500 |
David E Post Family Foundation Maitland, FL PURPOSE: HISTORIC PRESERVATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $92,549,328 | $43,130,066 |
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 |
Carmel Country Club Inc Charlotte, NC | $56,143,554 | $23,347,186 |
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 |
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 |