Pinehurst Country Club
- Assets
- $25.2m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 371
- Location
- Denver, CO
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 84-0488011
Organization Overview
Pinehurst Country Club is located in Denver, CO. The organization was established in 2000. 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 12/2023, Pinehurst Country Club employed 371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinehurst 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 12/2023, Pinehurst Country Club generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $8.3m during the year ending 12/2023. While expenses have increased by 5.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE - 27 HOLE GOLF COURSE AVAILABLE FOR MEMBERS AND GUESTS OF MEMBERS. NON-MEMBER GROUPS MAY ALSO SCHEDULE EVENTS UPON RECEIPT OF APPROVAL BY THE GOLF COMMITTEE.
TENNIS COURTS - INDOOR AND OUTDOOR COURTS AVAILABLE FOR MEMBERS AND GUESTS OF MEMBERS. THE COURTS ARE ALSO UTILIZED FOR TEAM PLAY EVENTS. THERE IS ALSO A FITNESS CENTER IN THE OLD TENNIS BUILDING THAT HOUSES THE FOUR INDOOR COURTS WHICH ARE OPEN DAILY TO CLUB MEMBERS.
SWIMMING POOL - ADULT AND CHILDREN POOL AVAILABLE FOR MEMBER USE. GUESTS OF MEMBERS MAY ALSO UTILIZE THE SWIMMING POOL ONLY IF USED IN ACCORDANCE WITH THE CLUB'S WRITTEN POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Overton President | OfficerTrustee | 2 | $0 |
Ron Tilton Treasurer | OfficerTrustee | 2 | $0 |
Dave Fleck Membership Committee | OfficerTrustee | 2 | $0 |
Dave Peters Green Committee | Trustee | 1 | $0 |
Matt Klube Vice President | OfficerTrustee | 2 | $0 |
Chip Block Director | Trustee | 1 | $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 | $9,597,231 |
| Investment income | $214,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $320,726 |
| Net Gain/Loss on Asset Sales | -$38,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,786,794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,322,838 |
| 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. | $738,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,953,007 |
| Pension plan accruals and contributions | $96,636 |
| Other employee benefits | $176,489 |
| Payroll taxes | $283,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,719 |
| Fees for services: Accounting | $59,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,608 |
| Office expenses | $0 |
| Information technology | $10,051 |
| 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 | $5,624 |
| Interest | $150,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $906,603 |
| Insurance | $267,324 |
| All other expenses | $1,468,609 |
| Total functional expenses | $8,271,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,012 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $255,867 |
| Prepaid expenses and deferred charges | $89,466 |
| Net Land, buildings, and equipment | $18,673,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,821,091 |
| Total assets | $25,159,169 |
| Accounts payable and accrued expenses | $1,409,831 |
| Grants payable | $0 |
| Deferred revenue | $476,460 |
| 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 | $3,800,690 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,686,981 |
| 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 | $19,472,188 |
| Total liabilities and net assets/fund balances | $25,159,169 |