Terravita Golf Club Inc
- Assets
- $14.7m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 05/2003
- Data as of
- 04/2023
- EIN
- 86-0912114
Organization Overview
Terravita Golf Club Inc is located in Scottsdale, AZ. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terravita Golf 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 04/2023, Terravita Golf Club Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $4.2m during the year ending 04/2023. While expenses have increased by 4.5% per year over the past 5 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 PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITITES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PRIVATE GOLF COURSE, CLUBHOUSE, AND OTHER STANDARD AMENITIES TO 312 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Tennison President | OfficerTrustee | 5 | $0 |
John Davis Vice President | OfficerTrustee | 5 | $0 |
Nancy Broadbent Treasurer | OfficerTrustee | 5 | $0 |
Dan Hickey Secretary | OfficerTrustee | 5 | $0 |
Barbara Taylor Director | Trustee | 5 | $0 |
Joe Frazier Director | Trustee | 5 | $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 | $4,878,998 |
| Investment income | $17,266 |
| 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 | $42,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,939,007 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,715,270 |
| Pension plan accruals and contributions | $12,562 |
| Other employee benefits | $182,131 |
| Payroll taxes | $131,232 |
| Fees for services: Management | $146,955 |
| Fees for services: Legal | $4,799 |
| Fees for services: Accounting | $27,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,238 |
| Advertising and promotion | $5,833 |
| Office expenses | $22,951 |
| Information technology | $32,916 |
| Royalties | $0 |
| Occupancy | $382,210 |
| Travel | $5,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,523 |
| Interest | $46,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,060 |
| Insurance | $49,347 |
| All other expenses | $386,221 |
| Total functional expenses | $4,169,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,666 |
| Savings and temporary cash investments | $932,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,989 |
| Prepaid expenses and deferred charges | $28,697 |
| Net Land, buildings, and equipment | $12,370,661 |
| Investments—publicly traded securities | $754,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,985 |
| Total assets | $14,725,118 |
| Accounts payable and accrued expenses | $331,104 |
| Grants payable | $0 |
| Deferred revenue | $6,554 |
| 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 | $3,928,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $824,695 |
| Total liabilities | $5,091,304 |
| Net assets without donor restrictions | $9,633,814 |
| 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 | $14,725,118 |