Pinnacle Peak Country Club Inc
- Assets
- $16.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 145
- Location
- Scottsdale, AZ
- Founding
- 10/1980
- Data as of
- 12/2020
- EIN
- 86-0335565
Organization Overview
Pinnacle Peak Country Club Inc is located in Scottsdale, AZ. The organization was established in 1980. 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 12/2020, Pinnacle Peak Country Club Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Peak Country 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 12/2020, Pinnacle Peak Country Club Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2020. While expenses have increased by 2.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GOLF, FOOD, BEVERAGE AND RELATED SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OFFERS A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES INCLUDING A RESTAURANT THE CLUB SERVES APPROXIMATELY 455 MEMBERS
THE CLUB OFFERS A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES INCLUDING A RESTAURANT THE CLUB SERVES APPROXIMATELY 455 MEMBERS
THE CLUB OFFERS A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES INCLUDING A RESTAURANT THE CLUB SERVES APPROXIMATELY 455 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Belitz General Manager | Officer | 40 | $227,925 |
Cody Horstman Golf Course Superintendent | 40 | $134,467 | |
Diane Gregg Membership Director | 40 | $119,517 | |
Drew Darrow Head Golf Professional | 40 | $116,233 | |
Brandon Smith Executive Chef | 40 | $104,037 | |
Susan Jones Controller | Officer | 40 | $66,637 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angelone Builders Construction | 12/30/20 | $317,345 |
Angelone Builders Construction | 12/30/20 | $317,345 |
Asm Remodeling Construction | 12/30/20 | $246,239 |
Asm Remodeling Construction | 12/30/20 | $246,239 |
Angelone Builders Construction | 12/30/20 | $317,345 |
Asm Remodeling Construction | 12/30/20 | $246,239 |
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 | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $7,223,468 |
| Investment income | $8,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$59,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,239,215 |
| 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. | $356,563 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,830,759 |
| Pension plan accruals and contributions | $4,322 |
| Other employee benefits | $261,081 |
| Payroll taxes | $235,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,271 |
| Fees for services: Accounting | $21,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,015 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $32,957 |
| Royalties | $0 |
| Occupancy | $316,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,016,204 |
| Insurance | $80,903 |
| All other expenses | $345,073 |
| Total functional expenses | $5,687,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,785 |
| Savings and temporary cash investments | $2,291,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $479,492 |
| Prepaid expenses and deferred charges | $52,041 |
| Net Land, buildings, and equipment | $12,320,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,000 |
| Total assets | $16,172,651 |
| Accounts payable and accrued expenses | $625,758 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,596,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $794,630 |
| Total liabilities | $3,017,119 |
| Net assets without donor restrictions | $13,155,532 |
| 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 | $16,172,651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
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 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |