Park Meadows Club Inc
- Assets
- $28.5m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 186
- Location
- Park City, UT
- Founding
- Data as of
- 12/2022
- EIN
- 52-2382593
Organization Overview
Park Meadows Club Inc is located in Park City, UT. As of 12/2022, Park Meadows Club Inc employed 186 individuals. Park Meadows Club Inc 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, Park Meadows Club Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 6.5% 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
SOCIAL & RECREATION CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB IS ORGANIZED FOR THE SOCIAL AND RECREATIONAL PURPOSES OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Rodgers General Mana | Officer | 40 | $217,781 |
John Haynes Course Super | 40 | $199,482 | |
Alexander Woodside Executive Ch | 40 | $188,410 | |
Michael Councilman Director Of | 40 | $168,835 | |
Eric Johnson Director Of | 40 | $150,449 | |
Steven Patterson Director Of | 40 | $131,917 |
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 | $8,607,574 |
| Investment income | $54,472 |
| 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 | $898,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,560,580 |
| 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. | $380,454 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,033,895 |
| Pension plan accruals and contributions | $56,806 |
| Other employee benefits | $228,282 |
| Payroll taxes | $286,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,072 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,763 |
| Advertising and promotion | $103,224 |
| Office expenses | $80,737 |
| Information technology | $45,434 |
| Royalties | $0 |
| Occupancy | $526,110 |
| Travel | $382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,984 |
| Interest | $341,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,017,695 |
| Insurance | $20,875 |
| All other expenses | $148,551 |
| Total functional expenses | $7,340,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,980,502 |
| Savings and temporary cash investments | $2,749,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $902,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $333,028 |
| Prepaid expenses and deferred charges | $62,813 |
| Net Land, buildings, and equipment | $21,645,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $862,078 |
| Total assets | $28,536,597 |
| Accounts payable and accrued expenses | $253,736 |
| Grants payable | $0 |
| Deferred revenue | $548,260 |
| 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 | $6,570,880 |
| Other liabilities | $0 |
| Total liabilities | $7,372,876 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,163,721 |
| Total liabilities and net assets/fund balances | $28,536,597 |