Alta Club
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 86
- Location
- Salt Lake City, UT
- Founding
- 10/1942
- Data as of
- 12/2022
- 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 12/2022, Alta Club employed 86 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 12/2022, Alta Club generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Tyler Mccabe President | OfficerTrustee | 2 | $0 |
Byron Russell Vice President | OfficerTrustee | 2 | $0 |
James Morgan Treasurer | OfficerTrustee | 2 | $0 |
Sade Turner Secretary | OfficerTrustee | 2 | $0 |
Christopher Robinson Director | Trustee | 2 | $0 |
Robert Springmeyer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,331 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,587 |
| Total Program Service Revenue | $1,298,150 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $93,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,622,486 |
| 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. | $96,265 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,575 |
| Pension plan accruals and contributions | $33,002 |
| Other employee benefits | $118,524 |
| Payroll taxes | $123,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,421 |
| Fees for services: Accounting | $17,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,413 |
| Advertising and promotion | $0 |
| Office expenses | $42,346 |
| Information technology | $15,212 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,419 |
| Interest | $37,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,267 |
| Insurance | $78,432 |
| All other expenses | $8,900 |
| Total functional expenses | $1,386,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $485,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,783 |
| Prepaid expenses and deferred charges | $3,972 |
| Net Land, buildings, and equipment | $1,444,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $359 |
| Other assets | $16,233 |
| Total assets | $2,145,603 |
| Accounts payable and accrued expenses | $313,026 |
| Grants payable | $0 |
| Deferred revenue | $263,067 |
| 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 | $789,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,365,525 |
| Net assets without donor restrictions | $780,078 |
| 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 | $2,145,603 |