Escondido Club Inc
- Assets
- $28.6m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 227
- Location
- Horseshoe Bay, TX
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 84-1663065
Organization Overview
Escondido Club Inc is located in Horseshoe Bay, TX. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Escondido Club Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Escondido 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 12/2021, Escondido Club Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 1.9% 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
TO OPERATE A PRIVATE COUNTRY CLUB IN ORDER TO PROVIDE PLEASURE AND RECREATION TO ITS MEMBERS. ESCONDIDO GOLF AND LAKE CLUB IS A PRIVATE EQUITY COUNTRY CLUB OFFERING ITS MEMBERS AND THEIR GUESTS AN EXCEPTIONAL SOCIAL AND RECREATIONAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Wagner Coo/general Manager | Officer | 50 | $401,713 |
Rodney Lingle Director Of Agronomy | 50 | $247,020 | |
Susan Williams Director Of Finance & Hr | 50 | $173,626 | |
Penn Saad Director Of Golf | 50 | $156,922 | |
Gilbert Moore Executive Chef | 50 | $150,999 | |
Debora Mallouk Director Of Membership | 50 | $132,169 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ben E Keith Food Services | 12/30/15 | $350,635 |
Pedernales Electric Coop Inc Utilities | 12/30/15 | $183,469 |
Pnc Equipment Finance Equipment Lease | 12/30/15 | $132,505 |
Ameriturf Golf Course Chemical | 12/30/15 | $162,973 |
Bayside Fresh Market Food Service | 12/30/15 | $142,054 |
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 | $6,912,337 |
| Investment income | $1,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,540 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,337,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,297,410 |
| 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. | $680,496 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,213,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $755,360 |
| Payroll taxes | $341,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,200 |
| Fees for services: Accounting | $17,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $391,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $548,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,175,778 |
| Insurance | $189,143 |
| All other expenses | $0 |
| Total functional expenses | $11,305,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $988,412 |
| Savings and temporary cash investments | $2,300,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,181,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $364,061 |
| Prepaid expenses and deferred charges | $161,196 |
| Net Land, buildings, and equipment | $23,271,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $345,324 |
| Total assets | $28,611,173 |
| Accounts payable and accrued expenses | $1,149,708 |
| Grants payable | $0 |
| Deferred revenue | $646,946 |
| 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 | $3,423,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,272,250 |
| Total liabilities | $6,492,824 |
| Net assets without donor restrictions | $22,118,349 |
| 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 | $28,611,173 |