Edgewood Country Club
- Assets
- $4.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 130
- Location
- Charleston, WV
- Founding
- 11/1960
- Data as of
- 12/2023
- EIN
- 55-0162740
Organization Overview
Edgewood Country Club is located in Charleston, WV. The organization was established in 1960. 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 12/2023, Edgewood Country Club employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewood Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Edgewood Country Club generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
OPERATION OF A COUNTRY CLUB PROVIDING SERVICES TO MEMBERS INCLUDING GOLF, RACQUET COURTS, POOL, SPA, AND DINING AS WELL AS OTHER ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE OPERATION OF A COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Bond Board Member | Trustee | 0 | $0 |
Dee Blundon Board Member | Trustee | 0 | $0 |
Mary Elisabeth Eckerson Board Member | Trustee | 0 | $0 |
Dr Byron Calhoun Board Member | Trustee | 0 | $0 |
Tom Epps Board Member | Trustee | 0 | $0 |
Drew Mallory Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Craig Berner Golf Pro | 12/30/21 | $105,243 |
Sysco Food Services Food Service | 12/30/21 | $255,571 |
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 | $2,234,785 |
| Investment income | $0 |
| 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 | $704,329 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,059,623 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,599,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,814 |
| Payroll taxes | $148,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,227 |
| Advertising and promotion | $0 |
| Office expenses | $35,996 |
| 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 | $87,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,664 |
| Insurance | $134,995 |
| All other expenses | $112,451 |
| Total functional expenses | $3,228,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $428,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,797 |
| Prepaid expenses and deferred charges | $12,230 |
| Net Land, buildings, and equipment | $3,786,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,490,491 |
| Accounts payable and accrued expenses | $82,737 |
| 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 | $1,815,747 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $709,993 |
| Total liabilities | $2,708,477 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $192,679 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,589,335 |
| Total liabilities and net assets/fund balances | $4,490,491 |