The Reserve Club
- Assets
- $31.5m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 146
- Location
- Indian Wells, CA
- Founding
- 02/1999
- Data as of
- 06/2021
- EIN
- 33-0815821
Organization Overview
The Reserve Club is located in Indian Wells, CA. The organization was established in 1999. 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 06/2021, Reserve Club employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reserve Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Reserve Club generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $9.8m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A SITUS FOR THE MEMBERS TO ENJOY THEIR CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SITUS FOR THE MEMBERS' TO RECREATE AND ENJOY THEIR CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Murphy Secr | OfficerTrustee | 4 | $0 |
P Palmedo Pres | OfficerTrustee | 4 | $0 |
J Polovick Treas | OfficerTrustee | 4 | $0 |
H Duffy Reported On W-2 Exec Chef | Officer | 40 | $0 |
D Wylie Reported On W-2 Controller | Officer | 40 | $0 |
H Turner Reported On W-2 Hr | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $742,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,455,163 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $3,553,589 |
| Pension plan accruals and contributions | $98,138 |
| Other employee benefits | $778,890 |
| Payroll taxes | $375,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $414,264 |
| Advertising and promotion | $0 |
| Office expenses | $13,588 |
| Information technology | $28,123 |
| Royalties | $0 |
| Occupancy | $340,026 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,639,512 |
| Insurance | $138,083 |
| All other expenses | $0 |
| Total functional expenses | $9,786,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,876,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $258,166 |
| Prepaid expenses and deferred charges | $166,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,773,691 |
| Total assets | $31,458,734 |
| Accounts payable and accrued expenses | $690,239 |
| Grants payable | $0 |
| Deferred revenue | $3,847,979 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,725,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,847,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,386,054 |
| Net assets without donor restrictions | $0 |
| 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 | $35,254,415 |
| Total liabilities and net assets/fund balances | $24,072,680 |
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