Colorado Springs Country Club
- Assets
- $7.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 161
- Location
- Colorado Springs, CO
- Founding
- 02/1958
- Data as of
- 02/2024
- EIN
- 84-0451266
Organization Overview
Colorado Springs Country Club is located in Colorado Springs, CO. The organization was established in 1958. 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 02/2024, Colorado Springs Country Club employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2024, Colorado Springs Country Club generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.7m during the year ending 02/2024. While expenses have increased by 7.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB FACILITIES INCLUDING GOLF, TENNIS, PICKLEBALL, SWIMMING, FITNESS, DINING, AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GOLF, TENNIS, PICKLEBALL, SWIMMING, FITNESS, DINING, AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Adducci Director | Trustee | 5 | $0 |
Carre Bistline Director | Trustee | 5 | $0 |
Jodi Dyer Director, Thru 10/23 | Trustee | 5 | $0 |
Lance Koss Director | Trustee | 5 | $0 |
Jeff Secor Director | Trustee | 5 | $0 |
Jess Williams Director, Beginning 10/23 | Trustee | 5 | $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 | $3,744,242 |
| Investment income | $9,702 |
| 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 | -$653,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,100,000 |
| 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. | $190,338 |
| Compensation of current officers, directors, key employees. | $66,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,249,935 |
| Pension plan accruals and contributions | $29,285 |
| Other employee benefits | $63,352 |
| Payroll taxes | $120,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,238 |
| Advertising and promotion | $27,750 |
| Office expenses | $96,347 |
| Information technology | $32,446 |
| Royalties | $0 |
| Occupancy | $124,679 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,623 |
| Interest | $43,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,197 |
| Insurance | $18,149 |
| All other expenses | $18,503 |
| Total functional expenses | $2,717,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,660 |
| Savings and temporary cash investments | $685,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,844 |
| Prepaid expenses and deferred charges | $94,118 |
| Net Land, buildings, and equipment | $5,472,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $375,000 |
| Other assets | $302,648 |
| Total assets | $7,535,450 |
| Accounts payable and accrued expenses | $334,339 |
| Grants payable | $0 |
| Deferred revenue | $339,294 |
| 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 | $980,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $302,648 |
| Total liabilities | $1,956,397 |
| Net assets without donor restrictions | $5,579,053 |
| 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 | $7,535,450 |