Terravita Country Club Inc
- Assets
- $17.7m
- Revenue
- $5.6m
- Investments
- $1.6m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 05/2003
- Data as of
- 04/2023
- EIN
- 86-0912115
Organization Overview
Terravita Country 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 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 04/2023, Terravita Country Club Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $5.4m during the year ending 04/2023. While expenses have increased by 8.2% per year over the past 4 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 SOCIAL & RECREATIONAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL & RECREATIONAL ACTIVITIES TO APPROXIMATELY 1,380 MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Augustin President | OfficerTrustee | 5 | $0 |
Gary Gemoll Vice President | OfficerTrustee | 2 | $0 |
Peter Mcfadden Secretary | OfficerTrustee | 2 | $0 |
Bill Greig Treasurer | OfficerTrustee | 2 | $0 |
Sue Mathys Director | Trustee | 2 | $0 |
Richele Soja Director | Trustee | 2 | $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 | $4,465,790 |
| Investment income | $46,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $798,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,618,929 |
| 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 | $2,432,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $213,563 |
| Payroll taxes | $220,474 |
| Fees for services: Management | $116,529 |
| Fees for services: Legal | $2,287 |
| Fees for services: Accounting | $32,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,324 |
| Office expenses | $11,400 |
| Information technology | $74,345 |
| Royalties | $0 |
| Occupancy | $64,765 |
| Travel | $3,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $846,549 |
| Insurance | $80,715 |
| All other expenses | $507,756 |
| Total functional expenses | $5,426,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,301 |
| Savings and temporary cash investments | $1,520,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $756,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,828 |
| Prepaid expenses and deferred charges | $58,608 |
| Net Land, buildings, and equipment | $13,162,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,618,265 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,991 |
| Total assets | $17,748,805 |
| Accounts payable and accrued expenses | $431,665 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,829,781 |
| Total liabilities | $4,261,446 |
| Net assets without donor restrictions | $10,424,685 |
| Net assets with donor restrictions | $3,062,674 |
| 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 | $17,748,805 |