Millwood Country Club Inc
- Assets
- $1.2m
- Revenue
- $618.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Boyce, VA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 54-0627577
Organization Overview
Millwood Country Club Inc is located in Boyce, VA. The organization was established in 2003. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Millwood Country Club Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millwood 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, Millwood Country Club Inc generated $618.8k 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 $465.2k during the year ending 12/2021. While expenses have increased by 1.5% 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
RECREATION FOR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, TENNIS AND SWIMMING POOL FACILITIES TO A MEMBERSHIP OF APPROXIMATELY 255 FAMILIES AND SINGLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonatehan Suitch Golf Course Manager | Officer | 40 | $67,979 |
Janey Thompson Club House Manager | Officer | 40 | $66,612 |
Erika Kelble President | OfficerTrustee | 20 | $0 |
Paulette Ulich Vice President | OfficerTrustee | 10 | $0 |
Doris Stimpson Treasurer | OfficerTrustee | 6 | $0 |
David Norman Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $393,986 |
| 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 | $393,986 |
| Total Program Service Revenue | $0 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,806 |
| 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. | $134,591 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,474 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $0 |
| Payroll taxes | $16,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,502 |
| 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 | $52,942 |
| Insurance | $0 |
| All other expenses | $130,559 |
| Total functional expenses | $465,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,754 |
| Savings and temporary cash investments | $186,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,285 |
| 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 | $551,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,222,891 |
| Accounts payable and accrued expenses | $14,893 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,607 |
| Total liabilities | $32,500 |
| Net assets without donor restrictions | $0 |
| 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 | $888,333 |
| Retained earnings, endowment, accumulated income, or other funds | $302,058 |
| Total liabilities and net assets/fund balances | $1,222,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Municipal Golf Corporation Baltimore, MD | $5,865,972 | $8,297,007 |
Carolinas Golf Association Southern Pines, NC | $7,201,901 | $7,597,187 |
Highlands Falls Country Club Inc Highlands, NC | $17,573,731 | $5,732,867 |
Virginia State Golf Association Inc Midlothian, VA | $3,471,487 | $3,409,263 |
Tennessee Golf Association Inc Franklin, TN | $4,139,217 | $1,862,884 |
Middle Atlantic Section Stafford, VA | $5,763,398 | $2,084,524 |
Youth Golf Foundation Of The Carolinas Charlotte, NC | $5,362,878 | $1,885,876 |
Washington County Public Golf Corporation Hagerstown, MD | $1,306,184 | $1,383,060 |
Youth Golf Coalition Inc Louisville, KY | $413,048 | $1,150,038 |
The First Tee Of Greater Washington Washington, DC | $1,320,460 | $1,360,948 |
The First Tee Of Greater Knoxville Knoxville, TN | $3,706,136 | $1,536,633 |
Kentucky Golf Association Inc Louisville, KY | $200,391 | $818,486 |