CONG501(c)(7) · MEDIUMNAICS 713910EIN 53-0050980
Congressional Country Club Inc
Bethesda, MD · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$44.29M
▲ 2.4% YoY
FY23 Total Expenses
$44.91M
▲ 9.2% YoY
Operating Margin
-1.4%
revenue minus expenses ÷ revenue
Employees
532
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$44.3M
▲ 25.0% / 5y
Expenses
$44.9M
▲ 26.0% / 5y
Total Assets
$90.3M
▲ 28.3% / 5y
Total Liabilities
$26.0M
▲ 109.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $35.4M | $29.1M | $38.5M | $43.2M | $44.3M | +25.0% |
| Expenses | $35.6M | $28.4M | $35.0M | $41.1M | $44.9M | +26.0% |
| Net surplus | -$220K | $718K | $3.5M | $2.1M | -$629K | +185.3% |
| Total assets | $70.3M | $78.3M | $87.4M | $88.5M | $90.3M | +28.3% |
| Total liabilities | $12.4M | $19.7M | $24.6M | $23.6M | $26.0M | +109.5% |
| Net assets | $57.9M | $58.7M | $62.8M | $64.9M | $64.3M | +10.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JEFFREY S KREAFLE GENERAL MANAGER/CEO· 40h/wk | $935,275 | $87,159 |
JASON A EPSTEIN PGA DIRECTOR OF ATHLETICS· 40h/wk | $557,182 | $52,120 |
PETER M WENDT DIR OF GOLF AND GROUNDS MA· 40h/wk | $530,961 | $87,004 |
MARIO CAMPUZANO Assistant General Manager· 40h/wk | $307,712 | $51,932 |
CHRISTOPHER TESSONE CHIEF BUSINESS OFFICER· 40h/wk | $276,964 | $56,768 |
MATTHEW MORRISON Executive Chef· 40h/wk | $269,140 | $59,204 |
DAN VALBAK Director of Racquets· 40h/wk | $238,074 | $48,920 |
JOHN S RATTAN DIRECTOR OF INSTRUCTION· 40h/wk | $212,768 | $49,906 |
THERESA M SOPPELSA DIRECTOR OF FITNESS· 40h/wk | $212,652 | $52,098 |
ELIZABETH M GREGORY DIRECTOR OF TEAM MEMBER EN· 40h/wk | $195,782 | $50,221 |
DANIEL V PALMIOTTO DIRECTOR OF AQUATICS & BOWLING· 40h/wk | $166,397 | $34,551 |
+ 19 unpaid officers/directors as reported (CHARLES R HANLEY III, CHRISTINA FRY GIULIERI, CHRISTOPHER S BYRNE, +16 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Torres Renovation LLC GAITHERSBURG, MD | CONTRACTING SERVICES | $496,883 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $18,183,682 |
| GOLF OPERATIONS | $5,432,439 |
| ENTRANCE FEES | $4,285,000 |
| FOOD & BEV FEES | $3,226,266 |
| OTHER ATHLETIC FEES | $3,196,276 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$71.0M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $514,489 |
| Occupancy | $1,631,381 |
| Depreciation & depletion | $4,806,823 |
| Information technology | $229,436 |
| Office expenses | $2,942,655 |
| Legal fees | $148,304 |
| Other professional fees | $2,608,820 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CONGRESSIONAL COUNTRY CLUB INC
welfare · 188 participants · FY2024
CONGRESSIONAL COUNTRY CLUB, INC. RETIREMENT SAVINGS PLAN
pension · 292 participants · FY2024
| Service provider | Paid |
|---|---|
| Principal Life Insurance Company | $46,528 |
CFounded in 1934, Congressional Country Club Inc reported $44.29M of revenue for FY23, at an operating margin of -1.4%. Revenue moved up 2.4% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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