Fountaingrove Golf & Athletic Club
- Assets
- $38.3m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 246
- Location
- Santa Rosa, CA
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 14-1943437
Organization Overview
Fountaingrove Golf & Athletic Club is located in Santa Rosa, CA. The organization was established in 2011. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Fountaingrove Golf & Athletic Club employed 246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountaingrove Golf & Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Fountaingrove Golf & Athletic Club generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATIONARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Andrew Director | Trustee | 2 | $0 |
Linda Nowak Secretary | OfficerTrustee | 2 | $0 |
Ryan Buxbaum Vice President | OfficerTrustee | 2 | $0 |
Tom Henry Left Dec 2021 Director | Trustee | 2 | $0 |
Leni Kearns Left Dec 2021 Secretary | OfficerTrustee | 0 | $0 |
Tom Hakel President | OfficerTrustee | 3 | $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 | $8,330,599 |
| Investment income | $40,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,766,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $602,957 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,148,526 |
| 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. | $663,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,346,261 |
| Pension plan accruals and contributions | $39,488 |
| Other employee benefits | $378,861 |
| Payroll taxes | $372,201 |
| Fees for services: Management | $143,160 |
| Fees for services: Legal | $11,995 |
| Fees for services: Accounting | $31,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,002 |
| Advertising and promotion | $9,052 |
| Office expenses | $242,055 |
| Information technology | $134,941 |
| Royalties | $0 |
| Occupancy | $758,704 |
| Travel | $18,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $986,428 |
| Insurance | $358,376 |
| All other expenses | $0 |
| Total functional expenses | $8,967,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,582,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $266,943 |
| Prepaid expenses and deferred charges | $108,699 |
| Net Land, buildings, and equipment | $28,135,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $38,325,168 |
| Accounts payable and accrued expenses | $685,255 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,561 |
| Total liabilities | $1,159,816 |
| Net assets without donor restrictions | $37,165,352 |
| 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 | $38,325,168 |