Valley Club Inc
- Assets
- $39.4m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 214
- Location
- Sun Valley, ID
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 82-0488586
Organization Overview
Valley Club Inc is located in Sun Valley, ID. 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 12/2022, Valley Club Inc employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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, Valley Club Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. While expenses have increased by 5.6% 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 CLUB IS A MEMBER ORGANIZATION PROVIDING SOCIAL AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES SOCIAL AND RECREATIONAL PROGRAMS INCLUDING GOLF, TENNIS, SWIMMING, DINING, AND OTHER ACTIVITIES. MEMBERSHIP IS APPROXIMATELY 765.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Davis Director | Trustee | 1 | $0 |
Gina Wolcott Director | Trustee | 1 | $0 |
John Kanellitsas Director | Trustee | 1 | $0 |
Jim Magee Director | Trustee | 1 | $0 |
Jack Bunce Director | Trustee | 1 | $0 |
Tift Mann President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Links Golf Course Build Consulting | 12/30/22 | $1,434,086 |
Sawtooth Property Services Llc Employee Housing Lease | 12/30/22 | $271,784 |
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 | $10,783,001 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$375,886 |
| Net Gain/Loss on Asset Sales | -$32,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $816,511 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,191,126 |
| 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. | $857,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,451,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $454,586 |
| Payroll taxes | $450,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,556 |
| Fees for services: Accounting | $35,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,385 |
| Advertising and promotion | $122,746 |
| Office expenses | $116,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $610,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,430,322 |
| Insurance | $190,834 |
| All other expenses | $304,623 |
| Total functional expenses | $10,244,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,287,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,077,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $126,890 |
| Inventories for sale or use | $207,708 |
| Prepaid expenses and deferred charges | $48,895 |
| Net Land, buildings, and equipment | $36,649,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,397,726 |
| Accounts payable and accrued expenses | $816,562 |
| Grants payable | $0 |
| Deferred revenue | $1,924,369 |
| 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 | $0 |
| Total liabilities | $2,740,931 |
| 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 | $36,656,795 |
| Total liabilities and net assets/fund balances | $39,397,726 |