Civic Intelligence

Boonsboro Country Club

EIN 54-0145640 • 501(c)7 • Lynchburg, VA

Profile

To provide an atmosphere for recreation, pleasure & activities for club members

P O Box 805Lynchburg, VA 24505

www.boonsborocc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.39x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.51x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

54th percentile

5.7%

Higher net margin than 54% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Asset Growth

14th percentile

-4.4%

Faster asset growth than 14% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-8.6%

Faster revenue growth than 11% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,010,494

Down $414,554 (-4.4%) from 2023

Liabilities

Down

$3,503,232

Down $779,321 (-18%) from 2023

Net Assets

Up

$5,507,262

Up $364,767 (+7.1%) from 2023

Revenue

Down

$6,822,274

Down $645,667 (-8.6%) from 2023

Expenses

Up

$6,432,807

Up $127,931 (+2.0%) from 2023

Net Income

Down

$389,467

Down $773,598 (-67%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $9,283,916Liabilities 2011: $5,150,113Net Assets 2011: $4,133,8032011Assets 2012: $8,599,365Liabilities 2012: $4,288,277Net Assets 2012: $4,311,0882012Assets 2013: $8,317,527Liabilities 2013: $4,081,416Net Assets 2013: $4,236,1112013Assets 2014: $8,028,039Liabilities 2014: $3,819,819Net Assets 2014: $4,208,2202014Assets 2015: $7,701,619Liabilities 2015: $3,437,532Net Assets 2015: $4,264,0872015Assets 2016: $7,892,712Liabilities 2016: $3,690,815Net Assets 2016: $4,201,8972016Assets 2017: $8,077,376Liabilities 2017: $3,949,043Net Assets 2017: $4,128,3332017Assets 2018: $7,637,101Liabilities 2018: $3,676,280Net Assets 2018: $3,960,8212018Assets 2019: $7,015,065Liabilities 2019: $3,333,870Net Assets 2019: $3,681,1952019Assets 2020: $7,517,365Liabilities 2020: $3,848,875Net Assets 2020: $3,668,4902020Assets 2021: $8,125,973Liabilities 2021: $4,278,224Net Assets 2021: $3,847,7492021Assets 2022: $8,224,474Liabilities 2022: $4,133,244Net Assets 2022: $4,091,2302022Assets 2023: $9,425,048Liabilities 2023: $4,282,553Net Assets 2023: $5,142,4952023Assets 2024: $9,010,494Liabilities 2024: $3,503,232Net Assets 2024: $5,507,2622024

Highlighted filing

2024

Assets$9,010,494
Liabilities$3,503,232
Net Assets$5,507,262

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,234,221Expenses 2011: $4,177,060Net Income 2011: $57,1612011Revenue 2012: $4,470,926Expenses 2012: $4,225,341Net Income 2012: $245,5852012Revenue 2013: $4,202,878Expenses 2013: $4,182,530Net Income 2013: $20,3482013Revenue 2014: $4,214,912Expenses 2014: $4,182,603Net Income 2014: $32,3092014Revenue 2015: $4,347,765Expenses 2015: $4,258,498Net Income 2015: $89,2672015Revenue 2016: $4,353,806Expenses 2016: $4,400,096Net Income 2016: -$46,2902016Revenue 2017: $4,453,375Expenses 2017: $4,504,589Net Income 2017: -$51,2142017Revenue 2018: $4,489,407Expenses 2018: $4,626,894Net Income 2018: -$137,4872018Revenue 2019: $4,582,590Expenses 2019: $4,776,881Net Income 2019: -$194,2912019Revenue 2020: $4,790,087Expenses 2020: $4,753,042Net Income 2020: $37,0452020Revenue 2021: $5,658,885Expenses 2021: $5,480,226Net Income 2021: $178,6592021Revenue 2022: $6,036,227Expenses 2022: $5,806,011Net Income 2022: $230,2162022Revenue 2023: $7,467,941Expenses 2023: $6,304,876Net Income 2023: $1,163,0652023Revenue 2024: $6,822,274Expenses 2024: $6,432,807Net Income 2024: $389,4672024

Highlighted filing

2024

Revenue$6,822,274
Expenses$6,432,807
Net Income$389,467

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.01$3.50$5.51$6.82$6.43$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.43$4.28$5.14$7.47$6.30$1.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.22$4.13$4.09$6.04$5.81$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.13$4.28$3.85$5.66$5.48$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.52$3.85$3.67$4.79$4.75$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$3.33$3.68$4.58$4.78$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.64$3.68$3.96$4.49$4.63$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.08$3.95$4.13$4.45$4.50$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$3.69$4.20$4.35$4.40$0.05
2015Detailed filing. Detailed filing data is available for this year.$7.70$3.44$4.26$4.35$4.26$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.03$3.82$4.21$4.21$4.18$0.03
2013Detailed filing. Detailed filing data is available for this year.$8.32$4.08$4.24$4.20$4.18$0.02
2012Summary only. Only limited summary data is available for this year.$8.60$4.29$4.31$4.47$4.23$0.25
2011Summary only. Only limited summary data is available for this year.$9.28$5.15$4.13$4.23$4.18$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.0
Gross Receipts
$7,880,881
Mission and Program Overview

Mission

To provide an atmosphere for recreation, pleasure & activities for club members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,290,504$7,365,432▲ $74,928
Accounts Receivable$602,641$615,600▲ $12,959
Cash and Non-Interest-Bearing Accounts$892,624$374,550▼ $518,074
Inventories for Sale or Use$241,399$241,420▲ $21
Other Notes and Loans Receivable, Net$57,804$83,143▲ $25,339
Prepaid Expenses and Deferred Charges$34,016$41,082▲ $7,066
Intangible Assets$9,010$7,493▼ $1,517
Total Assets$9,425,048$9,010,494▼ $414,554
Other Assets Total$297,050$281,774▼ $15,276
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,434,915$2,132,377▼ $302,538
Other Liabilities$786,329$707,857▼ $78,472
Deferred Revenue$307,593$291,747▼ $15,846
Unsecured Notes Loans Payable$344,698$281,686▼ $63,012
Accounts Payable and Accrued Expenses$409,018$89,565▼ $319,453
Total Liabilities$4,282,553$3,503,232▼ $779,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,142,495$5,507,262▲ $364,767
Total Net Assets Fund Balance$5,142,495$5,507,262▲ $364,767
Total Liabilities and Net Assets / Fund Balance$9,425,048$9,010,494▼ $414,554

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,801,842$6,021,250$10,823,092
Other Land Buildings$1,762,043$4,537,598$6,299,641
Equipment$692,099$2,552,822$3,244,921
Land$109,448-$109,448
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,598,346
Investment Income
$18,185
Other Revenue
$1,205,743
Change in Net Assets
$389,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,822,274
Total Revenue per Audited Statements
$6,822,274
Total Revenue per Form 990
$6,822,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,325,099
Salaries, Compensation, and Employee Benefits$3,107,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,703,923
Depreciation Depletion---$738,050
All Other Expenses---$701,585
Insurance---$298,082
Payroll Taxes---$249,125
Occupancy---$248,338
Other Expenses---$172,466
Other Employee Benefits---$154,660
Interest---$89,078
Travel---$26,500
Total Functional Expenses$0$0$0$6,432,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,432,807
Total Expenses per Audited Statements$6,432,807
Total Expenses per Form 990$6,432,807
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pending Stock Refunds$442,500
Accrued Liabilities$205,716
Rou Lease Liability$31,969
Capital Lease Obligations$27,672
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Boonsboro country club, inc. Has members who have the rights and responsibilities as recorded in the organizing documents

Form 990, Page 6, Part VI, Line 7A

The club members elect members of the board.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed with the club's executive committee prior to being filed.

Form 990, Page 6, Part VI, Line 12C

Beginning of each year, board members are required to sign a conflict of interest policy. Any new conflicts disclosed at this point.

Form 990, Page 6, Part VI, Line 15A

Approval of the club manager's compensation package is accomplished as part of the board of directors review and approval of the annual operating budget.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Boonsboro Country Club
EIN
54-0145640
Phone
4343842111
Address
P O BOX 805, LYNCHBURG, VA 24505

Signing Officer

Name
Norman Darden
Title
Fin Chair / Treas
Phone
4343842111
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gordon T Cudd
Formed
1923
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
219

Preparer

Firm
Wyndhurst CPA Group Pllc
Address
104 ARCHWAY CT, LYNCHBURG, VA 24502
Preparer
Timothy a Blanks
Phone
4348468458
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide an atmosphere of recreation, pleasure and activities to its club members

Form 990, Part IX, Line 24E

Supplies 141,933 0 0 club promotions 130,655 0 0 real estate taxes 77,541 0 0 professional fees 72,923 0 0 gas & fuel 70,234 0 0 amortization - golf carts 58,279 0 0 laundry 56,278 0 0 waste water plant 30,156 0 0 uniforms 16,485 0 0 dues & subscriptions 13,555 0 0 china, silverware, etc. 12,672 0 0 postage 9,978 0 0 taxes, other 9,260 0 0 printing 1,292 0 0 training 344 0 0 total 701,585 0 0

Form 990, Part XI, Line 9

Preferred stock issued 45,000 net change in stock rec 2,900 redemption of preferred stock -72,600 net change in pfd stock rec 0 total -24,700

Financial Statement Notes

Schedule D, Page 3, Part X

The club is exempt from income tax under section 501(a) of the internal revenue code; however, the club, as a 501(c)(7) organization, is responsible for federal income taxes on its general investment income and revenue from non-member sales. The club incurred 4,681 and 3,647 income tax expense for the years ended december 31, 2024 and 2023, respectively. Management has evaluated the effect of the guidance provided by professional standards regarding uncertainity in income taxes. Management has evaluated all tax positions that could have a significant effect on the financial statements and determined the club had no uncertain income tax positions at december 31, 2024 and 2023. The club's income tax filings are subject to audit by various taxing authorities. Open audit periods include its years ending december 31, 2021 through 2024.

Schedule D, Page 4, Part XI, Line 2D

COST OF GOODS SOLD 0

Schedule D, Page 4, Part XII, Line 2D

COST OF GOODS SOLD 0

Raw XML AppendixShowing 400 of 437 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PartialLiquidationInd0false
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IRS990/PrincipalOfficerNm0GORDON T CUDD
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IRS990/ProgramServiceRevenueGrp/Desc0DUES
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL PROJECT ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc2INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3GOLF CART INCOME
IRS990/ProgramServiceRevenueGrp/Desc4TENNIS & POOL FEES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ROU LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/RevenueSubtotalAmt06822274
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE; HOWEVER, THE CLUB, AS A 501(C)(7) ORGANIZATION, IS RESPONSIBLE FOR FEDERAL INCOME TAXES ON ITS GENERAL INVESTMENT INCOME AND REVENUE FROM NON-MEMBER SALES. THE CLUB INCURRED 4,681 AND 3,647 INCOME TAX EXPENSE FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY PROFESSIONAL STANDARDS REGARDING UNCERTAINITY IN INCOME TAXES. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE CLUB HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024 AND 2023. THE CLUB'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING DECEMBER 31, 2021 THROUGH 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt06432807
IRS990ScheduleD/TotalLiabilityAmt0707857
IRS990ScheduleD/TotalRevenuePerForm990Amt06822274
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06822274
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06432807
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE AN ATMOSPHERE OF RECREATION, PLEASURE AND ACTIVITIES TO ITS CLUB MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOONSBORO COUNTRY CLUB, INC. HAS MEMBERS WHO HAVE THE RIGHTS AND RESPONSIBILITIES AS RECORDED IN THE ORGANIZING DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CLUB MEMBERS ELECT MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED WITH THE CLUB'S EXECUTIVE COMMITTEE PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BEGINNING OF EACH YEAR, BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. ANY NEW CONFLICTS DISCLOSED AT THIS POINT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5APPROVAL OF THE CLUB MANAGER'S COMPENSATION PACKAGE IS ACCOMPLISHED AS PART OF THE BOARD OF DIRECTORS REVIEW AND APPROVAL OF THE ANNUAL OPERATING BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 141,933 0 0 CLUB PROMOTIONS 130,655 0 0 REAL ESTATE TAXES 77,541 0 0 PROFESSIONAL FEES 72,923 0 0 GAS & FUEL 70,234 0 0 AMORTIZATION - GOLF CARTS 58,279 0 0 LAUNDRY 56,278 0 0 WASTE WATER PLANT 30,156 0 0 UNIFORMS 16,485 0 0 DUES & SUBSCRIPTIONS 13,555 0 0 CHINA, SILVERWARE, ETC. 12,672 0 0 POSTAGE 9,978 0 0 TAXES, OTHER 9,260 0 0 PRINTING 1,292 0 0 TRAINING 344 0 0 TOTAL 701,585 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PREFERRED STOCK ISSUED 45,000 NET CHANGE IN STOCK REC 2,900 REDEMPTION OF PREFERRED STOCK -72,600 NET CHANGE IN PFD STOCK REC 0 TOTAL -24,700
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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