Escondido Club Inc
- Assets
- $31.2m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 201
- Location
- Horseshoe Bay, TX
- Founding
- 06/2007
- Data as of
- 12/2023
- 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 12/2023, Escondido Club Inc employed 201 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 12/2023, Escondido Club Inc generated $13.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $13.3m during the year ending 12/2023. While expenses have increased by 3.3% 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
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 |
|---|---|---|---|
David Alderson President | OfficerTrustee | 10 | $0 |
Scott Heitkamp Vice President | OfficerTrustee | 5 | $0 |
Bill Swenson Secretary | OfficerTrustee | 5 | $0 |
Albert Conly Treasurer | OfficerTrustee | 5 | $0 |
Mary Lou Kromer Director | Trustee | 5 | $0 |
Gregg Rosenburge Director | Trustee | 5 | $0 |
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 | $8,345,985 |
| Investment income | $149,284 |
| 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 | $4,537,804 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,772,615 |
| 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. | $700,401 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,992,838 |
| Pension plan accruals and contributions | $158,364 |
| Other employee benefits | $819,775 |
| Payroll taxes | $447,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,118 |
| Fees for services: Accounting | $42,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,707 |
| Advertising and promotion | $0 |
| Office expenses | $442,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $531,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,487,903 |
| Insurance | $228,694 |
| All other expenses | $2,906 |
| Total functional expenses | $13,292,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,892 |
| Savings and temporary cash investments | $216,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,386,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $439,937 |
| Prepaid expenses and deferred charges | $219,726 |
| Net Land, buildings, and equipment | $23,297,623 |
| Investments—publicly traded securities | $2,338,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,482,186 |
| Total assets | $31,162,615 |
| Accounts payable and accrued expenses | $1,841,009 |
| Grants payable | $0 |
| Deferred revenue | $753,442 |
| 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 | $3,446,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,804,202 |
| Total liabilities | $7,845,345 |
| Net assets without donor restrictions | $23,317,270 |
| 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 | $31,162,615 |