Terravita Golf Club Inc
- Assets
- $12.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 42
- Location
- Scottsdale, AZ
- Founding
- 05/2003
- Data as of
- 04/2022
- 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. As of 04/2022, Terravita Golf Club Inc employed 42 individuals. 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 04/2022, Terravita Golf Club Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.6m during the year ending 04/2022. While expenses have increased by 1.6% 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
2022
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 311 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Tennison President | OfficerTrustee | 5 | $0 |
Dan Hickey Secretary | OfficerTrustee | 5 | $0 |
Nancy Broadbent Treasurer | OfficerTrustee | 5 | $0 |
John Davis Vice President | OfficerTrustee | 5 | $0 |
Rich Riffle General Manager | Officer | 40 | $0 |
Barbara Taylor 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 | $6,950,956 |
| Investment income | $6,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$381,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,217 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,610,487 |
| 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 | $1,391,556 |
| Pension plan accruals and contributions | $76 |
| Other employee benefits | $197,259 |
| Payroll taxes | $106,447 |
| Fees for services: Management | $135,797 |
| Fees for services: Legal | $470 |
| Fees for services: Accounting | $24,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,015 |
| Advertising and promotion | $13,927 |
| Office expenses | $25,692 |
| Information technology | $34,760 |
| Royalties | $0 |
| Occupancy | $519,878 |
| Travel | $2,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,314 |
| Interest | $10,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,941 |
| Insurance | $42,672 |
| All other expenses | $213,724 |
| Total functional expenses | $3,625,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,528,184 |
| Savings and temporary cash investments | $2,261,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,637 |
| Prepaid expenses and deferred charges | $13,772 |
| Net Land, buildings, and equipment | $7,243,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,328 |
| Total assets | $12,271,354 |
| Accounts payable and accrued expenses | $2,550,216 |
| 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 | $213,516 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $642,971 |
| Total liabilities | $3,406,703 |
| Net assets without donor restrictions | $8,864,651 |
| 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 | $12,271,354 |
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|---|---|---|
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Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |