International Town-Country Club Inc
- Assets
- $30.3m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 239
- Location
- Fairfax, VA
- Founding
- 12/1962
- Data as of
- 09/2021
- EIN
- 54-0697963
Organization Overview
International Town-Country Club Inc is located in Fairfax, VA. The organization was established in 1962. 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 09/2021, International Town-Country Club Inc employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Town-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 09/2021, International Town-Country Club Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $9.9m during the year ending 09/2021. While expenses have increased by 2.6% per year over the past 6 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
A PRIVATE MEMBERSHIP CLUB OFFERING GOLF, SWIMMING, DINING, TENNIS AND FITNESS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EXCEPTIONAL COUNTRY CLUB EXPERIENCES FOR MEMBERS AND AN ENVIRONMENT THAT ENCOURAGES THE FORMATION OF ENDURING FRIENDSHIPS BY OFFERING PERSONALIZED SERVICE, OUTSTANDING FACILITIES AND A SUSTAINED COMMITMENT TO QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Douglas General Manager/coo | Officer | 50 | $269,067 |
Craig Hardenbergh Tennis Director | Officer | 60 | $266,817 |
Thomas Melideo Golf Pro | Officer | 60 | $182,807 |
Nathaniel Guldseth Greens Superintendent | Officer | 60 | $181,885 |
Francis Alvir Tennis Pro | 60 | $140,433 | |
Chris Tacinelli Vice President | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chambers Corp Club Renovation - Architect/designer | 9/29/18 | $1,049,860 |
Ee Reed Construction Lp Club Renovation - General Contractor | 9/29/18 | $4,528,723 |
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 | $7,917,830 |
| Investment income | $4,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,059,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,361,224 |
| 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. | $273,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,055,322 |
| Pension plan accruals and contributions | $69,999 |
| Other employee benefits | $648,814 |
| Payroll taxes | $356,154 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $496,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,495,035 |
| Insurance | $0 |
| All other expenses | $194,056 |
| Total functional expenses | $9,887,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $2,854,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,396,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $423,497 |
| Inventories for sale or use | $327,243 |
| Prepaid expenses and deferred charges | $120,574 |
| Net Land, buildings, and equipment | $24,445,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,397 |
| Total assets | $30,278,923 |
| Accounts payable and accrued expenses | $1,030,688 |
| Grants payable | $0 |
| Deferred revenue | $86,057 |
| 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 | $13,944,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,508 |
| Total liabilities | $15,216,912 |
| Net assets without donor restrictions | $15,062,011 |
| 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 | $30,278,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Annapolis Yacht Club Inc Annapolis, MD | $62,193,115 | $12,813,958 |
Westwood Country Club Inc Vienna, VA | $44,254,499 | $15,210,474 |