Salisbury Club Ltd
- Assets
- $15.7m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 361
- Location
- Midlothian, VA
- Founding
- 04/1967
- Data as of
- 09/2023
- EIN
- 54-0756598
Organization Overview
Salisbury Club Ltd is located in Midlothian, VA. The organization was established in 1967. 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 09/2023, Salisbury Club Ltd employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Club Ltd is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Salisbury Club Ltd generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. While expenses have increased by 2.7% per year over the past 8 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
MEMBERSHIP AT A COUNTRY CLUB WITH GOLF, TENNIS, POOL, FITNESS AND CLUBHOUSE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING ROOM & CLUBHOUSE FACILITIES; OPEN TO MEMBERS AND THEIR GUESTS FOR FOOD, BEVERAGE AND SOCIAL ACTIVITIES
GOLF COURSE AND RELATED FACILITIES; TWENTY-SEVEN HOLE GOLF COURSE AND RELATED FACILITIES OPEN TO MEMBERS AND THEIR GUESTS.
TENNIS FACILITIES; INDOOR AND OUTDOOR TENNIS COURTS - OPEN TO MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Holtzman President | OfficerTrustee | 2 | $0 |
Travis Miller Treasurer | OfficerTrustee | 2 | $0 |
Jen Burns Vice President | OfficerTrustee | 2 | $0 |
Stephen Marshall Secretary/director | OfficerTrustee | 2 | $0 |
Lauren Cecil Director | Trustee | 1 | $0 |
Karen Franks Director | Trustee | 1 | $0 |
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 | $7,683,404 |
| Investment income | $55,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,259,596 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,050,781 |
| 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. | $263,676 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,839,527 |
| Pension plan accruals and contributions | $129,991 |
| Other employee benefits | $258,249 |
| Payroll taxes | $366,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,476 |
| Fees for services: Accounting | $15,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,178 |
| Office expenses | $110,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,456 |
| Travel | $1,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,114,264 |
| Insurance | $166,272 |
| All other expenses | $230,090 |
| Total functional expenses | $8,338,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,806,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $590,357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $511,368 |
| Prepaid expenses and deferred charges | $33,507 |
| Net Land, buildings, and equipment | $11,740,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,348 |
| Total assets | $15,715,651 |
| Accounts payable and accrued expenses | $408,439 |
| Grants payable | $0 |
| Deferred revenue | $562,210 |
| 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 | $1,639,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,844 |
| Total liabilities | $2,791,317 |
| Net assets without donor restrictions | $12,924,334 |
| 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 | $15,715,651 |