Coronado Club
- Assets
- $7.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 50
- Location
- Houston, TX
- Founding
- 07/1957
- Data as of
- 12/2021
- EIN
- 74-1271086
Organization Overview
Coronado Club is located in Houston, TX. The organization was established in 1957. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Coronado Club employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coronado Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Coronado Club generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. 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
PROVIDE FOOD & BEVERAGE FOR ITS MEMBERSHIP CONDUCIVE TO A SOCIAL ATMOSPHERE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE ENGAGED IN PRIMARILY FOR THE BENEFIT OF CLUB MEMBERS IN COMPLIANCE WITH STATED FUNCTIONS AND THE CLUB'S EXEMPT STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Eaton General Manager | Officer | 40 | $241,508 |
Robert Greene Executive Chef | 40 | $160,515 | |
Hollie Spessard-Wolfson Controller | 40 | $158,487 | |
Julie Douglas Director Of Marketing | 40 | $104,844 | |
Jeffrey B Early Secretary (jan-Feb 2021) | OfficerTrustee | 1 | $0 |
Jeffrey R Parsons Secretary (mar-Dec 2021) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Milam Houston Real Estate Holding Inc Rent, Rent Operating Expense, Utilities | 12/30/21 | $128,751 |
Exceptional Transportation Services Llc Valet Services | 12/30/21 | $172,263 |
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 | $2,841,070 |
| Investment income | $168 |
| 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 | -$380,999 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,460,239 |
| 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. | $256,354 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,800 |
| Pension plan accruals and contributions | $10,657 |
| Other employee benefits | $106,237 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,717 |
| 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 | $30,535 |
| Advertising and promotion | $15,096 |
| Office expenses | $152,480 |
| Information technology | $11,929 |
| Royalties | $0 |
| Occupancy | $387,546 |
| 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 | $476,777 |
| Insurance | $92,389 |
| All other expenses | $73,821 |
| Total functional expenses | $2,431,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,903 |
| Savings and temporary cash investments | $242,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $574,067 |
| Prepaid expenses and deferred charges | $136,839 |
| Net Land, buildings, and equipment | $4,362,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,336,422 |
| Accounts payable and accrued expenses | $1,073,820 |
| Grants payable | $0 |
| Deferred revenue | $215,078 |
| 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 | $85,904 |
| Total liabilities | $1,374,802 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,932,409 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,211 |
| Total liabilities and net assets/fund balances | $7,336,422 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coronado Club has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Rodney H And Judy E Margolis Foundation Houston, TX PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS ESTABLISHED UNDER 501(C)(3) TO ENABLE THESE ORGANIZATIONS TO ASSIST THE NEEDY AND FULFILL THEIR CHARITABLE PURPOSE. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
San Antonio Bowl Association Inc San Antonio, TX | $23,366,634 | $15,285,082 |
Bowling Proprietors Association Of America Inc Arlington, TX | $23,082,341 | $10,209,119 |