The Club At Rolling Hills
- Assets
- $27.7m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 271
- Location
- Golden, CO
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 84-0455272
Organization Overview
The Club At Rolling Hills is located in Golden, CO. 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, Club At Rolling Hills employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club At Rolling Hills 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, Club At Rolling Hills generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 4.3% 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
THE CLUB AT ROLLING HILLS OPERATES FOR THE RECREATIONAL BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB AT ROLLING HILLS IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED TO OPERATE FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hestera General Manager | Officer | 40 | $198,849 |
Marta Kostelny Membership Director | Officer | 40 | $158,007 |
Riley Meyer Head Tennis Pro | 40 | $122,456 | |
Aaron Fankhauser Director Of Agronomy | 40 | $120,465 | |
Jamal Heydari Director Of Tennis | 40 | $114,867 | |
Patti Warren Controller | 1 | $106,569 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chester Pool Systems Inc Construction | 12/30/16 | $148,000 |
American Civil Contractors Construction | 12/30/16 | $115,772 |
Evergreen Tennis Courts Inc Construction | 12/30/16 | $206,440 |
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 | $8,069,354 |
| Investment income | $1,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,910,732 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,017,887 |
| 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. | $997,069 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,345,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $450,453 |
| Payroll taxes | $386,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,446 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,103 |
| Advertising and promotion | $4,446 |
| Office expenses | $76,091 |
| Information technology | $134,592 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $650,515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,047,487 |
| Insurance | $131,109 |
| All other expenses | $1,050,071 |
| Total functional expenses | $8,592,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,009,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $550,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $298,052 |
| Prepaid expenses and deferred charges | $73,260 |
| Net Land, buildings, and equipment | $23,709,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,227 |
| Total assets | $27,707,971 |
| Accounts payable and accrued expenses | $1,195,580 |
| Grants payable | $0 |
| Deferred revenue | $540,269 |
| 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 | $11,160,307 |
| Unsecured mortgages and notes payable | $3,296,916 |
| Other liabilities | $116,227 |
| Total liabilities | $16,309,299 |
| 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 | $11,398,672 |
| Total liabilities and net assets/fund balances | $27,707,971 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
Phoenix Country Club Phoenix, AZ | $16,178,518 | $11,141,268 |
Sports Car Club Of America Incorporated Topeka, KS | $6,701,641 | $11,632,236 |