Alta Club
- Assets
- $1.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Salt Lake City, UT
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 87-0110050
Organization Overview
Alta Club is located in Salt Lake City, UT. The organization was established in 1942. 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 12/2021, Alta Club employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alta Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Alta Club generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SOCIAL CLUB ORGANIZED TO PROVIDE MEMBERS SOCIAL, CULTURAL, AND EDUCATIONAL BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS OF THE ALTA CLUB WITH SOCIAL, CULTURAL, EDUCATIONAL EXPERIENCES AND TO EDUCATE COMMUNITY AND BUSINESS LEADERS ABOUT THE BENEFITS OF THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Z Clark General Manager | 40 | $111,662 | |
Brian Parcell President | OfficerTrustee | 2 | $0 |
Tyler Mccabe Vice President | OfficerTrustee | 2 | $0 |
Michael Allgood Treasurer | OfficerTrustee | 2 | $0 |
Sade Turner Secretary | OfficerTrustee | 2 | $0 |
Cristopher W Hemmersmeier 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 | $69,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,328 |
| Total Program Service Revenue | $1,284,967 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,428,522 |
| 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. | $116,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,671 |
| Pension plan accruals and contributions | $22,405 |
| Other employee benefits | $100,008 |
| Payroll taxes | $86,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,446 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,564 |
| Advertising and promotion | $3,285 |
| Office expenses | $38,906 |
| Information technology | $23,840 |
| Royalties | $0 |
| Occupancy | $194,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,482 |
| Interest | $40,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,659 |
| Insurance | $73,289 |
| All other expenses | $7,588 |
| Total functional expenses | $1,517,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $329,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,791 |
| Prepaid expenses and deferred charges | $5,504 |
| Net Land, buildings, and equipment | $1,118,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,795 |
| Other assets | $0 |
| Total assets | $1,850,373 |
| Accounts payable and accrued expenses | $251,954 |
| Grants payable | $0 |
| Deferred revenue | $239,139 |
| 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 | $815,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,306,675 |
| Net assets without donor restrictions | $545,264 |
| Net assets with donor restrictions | -$1,566 |
| 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 | $1,850,373 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alta Club has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Smith And Wilcox Blue Skies Foundation Layton, UT PURPOSE: VARIOUS | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
Phoenix Country Club Phoenix, AZ | $16,178,518 | $11,141,268 |
Green Valley Recreation Incorporated Green Valley, AZ | $37,554,278 | $11,520,395 |
United States Of America Rugby Football Union Ltd Glendale, CO | $3,001,625 | $9,970,929 |
The Club At Rolling Hills Golden, CO | $27,707,971 | $10,017,887 |
Denver Athletic Club Denver, CO | $17,332,255 | $8,826,365 |