Valley Country Club
- Assets
- $31.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 200
- Location
- Centennial, CO
- Founding
- 05/1958
- Data as of
- 09/2023
- EIN
- 84-0458222
Organization Overview
Valley Country Club is located in Centennial, 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 09/2023, Valley Country Club employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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 09/2023, Valley Country Club generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $7.3m during the year ending 09/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VALLEY COUNTRY CLUB IS A PRIVATE ATHLETIC CLUB ORGANIZED FOR THE RECREATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEY COUNTRY CLUB IS A PRIVATE, SOCIAL ATHLETIC CLUB ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Seacrest President | OfficerTrustee | 2 | $0 |
Eric Miller Vice President | OfficerTrustee | 2 | $0 |
Brad Cohen Treasurer | OfficerTrustee | 2 | $0 |
Matt Zeiries Secretary | OfficerTrustee | 2 | $0 |
Mike Casper Director | Trustee | 2 | $0 |
Martin Cozyn Director | Trustee | 2 | $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 | $17,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,365 |
| Total Program Service Revenue | $6,945,970 |
| Investment income | $321 |
| 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 | $1,187,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,252,492 |
| 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. | $211,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,205,949 |
| Pension plan accruals and contributions | $44,659 |
| Other employee benefits | $312,689 |
| Payroll taxes | $311,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,690 |
| Fees for services: Accounting | $25,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,586 |
| Advertising and promotion | $44,032 |
| Office expenses | $185,179 |
| Information technology | $47,459 |
| Royalties | $0 |
| Occupancy | $557,267 |
| Travel | $3,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,652 |
| Interest | $127,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,048,269 |
| Insurance | $0 |
| All other expenses | $14,210 |
| Total functional expenses | $7,272,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,559 |
| Savings and temporary cash investments | $1,170,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $742,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $253,140 |
| Prepaid expenses and deferred charges | $262,916 |
| Net Land, buildings, and equipment | $28,803,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,292,841 |
| Accounts payable and accrued expenses | $724,584 |
| Grants payable | $0 |
| Deferred revenue | $509,395 |
| 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 | $14,332,882 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $402,089 |
| Total liabilities | $15,968,950 |
| 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 | $15,323,891 |
| Total liabilities and net assets/fund balances | $31,292,841 |