CAVALIER GOLF & YACHT CLUB

EIN: 540701575

VIRGINIA BEACH, VA

Total Revenue
$10,840,290
Total Expenses
$11,237,057
Total Assets
$23,235,583
Net Assets
$12,779,910
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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
VA
Principal Officer
P JOSEPH ANDREW
Phone
7574257661
Tax Period
2023-10-01 to 2024-09-30

CAVALIER GOLF & YACHT CLUB, founded in 1928, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 19% operating margin.

Mission

THE CAVALIER GOLF & YACHT CLUB IS A PRIVATE NONPROFIT SOCIAL, ATHLETIC AND RECREATIONAL CLUB. WE PROVIDE GOLFING, YACHTING, SWIMMING, TENNIS, DINING, AND OTHER SOCIAL, RECREATIONAL AND ATHLETIC FACILITIES FOR THE PLEASURE AND RECREATION OF OUR MEMBERS, THEIR FAMILIES AND INVITED GUESTS. OUR MISSION IS TO PROVIDE A FAMILY-ORIENTED ENVIRONMENT THAT SUPPORTS CLOSE PERSONAL CONTACT AND FELLOWSHIP AMONGST MEMBERS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,442,150
Investment Income $36,956
Other Revenue $2,361,184
TOTAL REVENUE $10,840,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,001,197
Fundraising Expenses $0
Other Expenses $5,235,860
TOTAL EXPENSES $11,237,057

Year-over-Year Comparison

2023 2022 Change
Revenue $10,840,290 $10,134,004 +0.1%
Expenses $11,237,057 $10,655,153 +0.1%
Net Income $-396,767 $-521,149 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
369
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$383,828
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED HAND DIRECTOR 1.00
Director
$0 $0 $0
ROBBY JONES DIRECTOR 1.00
Director
$0 $0 $0
ED AUGUSTINE PRESIDENT 1.00
Officer Director
$0 $0 $0
BOBBY COLLENBERG DIRECTOR 1.00
Director
$0 $0 $0
MIMI BOSEMAN SECRETARY 1.00
Officer Director
$0 $0 $0
JACKIE TURNER MEMBERSHIP CHAIR 1.00
Officer Director
$0 $0 $0
DAVID HODGSON VICE PRESIDENT OPERATIONS 1.00
Officer Director
$0 $0 $0
JANIS PROCK DIRECTOR 1.00
Director
$0 $0 $0
JASON MURPHY VICE PRESIDENT ADMINISTRAT 1.00
Officer Director
$0 $0 $0
OWEN THORNTON DIRECTOR 1.00
Director
$0 $0 $0
ALEX BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
ANDY HILBERT TREASURER 1.00
Officer Director
$0 $0 $0
RYAN FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN NORRIS GENERAL COUNSEL 1.00
Director
$0 $0 $0
JOE ANDREW GENERAL MANAGER 50.00
Officer
$230,000 $27,876 $257,876
LANCE MASON CONTROLLER 40.00
Officer
$104,200 $21,752 $125,952
PATRICK BEVERLEY HEAD GOLF PROFESSIONAL 40.00
Highest
$122,884 $26,667 $149,551
EDWARD K HARRIS FOOD AND BEVERAGE DIRECTOR 40.00
Highest
$111,560 $0 $111,560
MICHAEL MOYER HEAD TENNIS PROFESSIONAL 40.00
Highest
$177,838 $14,847 $192,685
JASON HAYES SUPERINTENDENT 40.00
Highest
$117,590 $30,522 $148,112
TOM OSBORNE ASSISTANT GENERAL MANAGER 40.00
Highest
$122,442 $665 $123,107
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $10,840,290 $11,237,057 $23,235,583 $-396,767
2023 $10,134,004 $10,655,153 $23,601,367 $-521,149
2022 $10,305,055 $9,973,506 $24,155,364 $331,549
2021 $9,767,132 $8,673,440 $24,186,494 $1,093,692
2020 $8,161,578 $8,027,075 $23,797,160 $134,503
2019 $8,119,246 $7,783,173 $23,928,877 $336,073
2018 $9,238,576 $7,484,819 $17,162,010 $1,753,757
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