Montreux Golf & Country Club Inc
- Assets
- $29.1m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 215
- Location
- Reno, NV
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 88-0390138
Organization Overview
Montreux Golf & Country Club Inc is located in Reno, NV. The organization was established in 2005. 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 12/2022, Montreux Golf & Country Club Inc employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montreux Golf & 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 12/2022, Montreux Golf & Country Club Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $10.4m during the year ending 12/2022. 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
MONTREUX GOLF & COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROVIDE DINING AND RECREATIONAL ACTIVITIES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES DINING ROOMS, GOLFING, TENNIS, MASSAGE & FITNESS FACILITIES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Scott General Manager | 40 | $207,491 | |
Douglas Heinrichs Course & Grounds Director | 40 | $200,000 | |
John Hermans Golf Director | 40 | $140,757 | |
Ruth Coutts Controller | 40 | $126,521 | |
Brett Jaekle Fitness Director | 40 | $126,521 | |
Jeffrey Boerst Head Chef | 40 | $116,000 |
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 | $7,601,113 |
| Investment income | $3,271 |
| 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 | $1,505,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,109,450 |
| 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. | $1,062,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,977,332 |
| Pension plan accruals and contributions | $36,135 |
| Other employee benefits | $185,965 |
| Payroll taxes | $617,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,860 |
| 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 | $31,125 |
| Advertising and promotion | $47,001 |
| Office expenses | $0 |
| Information technology | $107,540 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $231,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,680,000 |
| Insurance | $121,705 |
| All other expenses | $887,424 |
| Total functional expenses | $10,396,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,540 |
| Savings and temporary cash investments | $803,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $415,947 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $335,189 |
| Prepaid expenses and deferred charges | $62,612 |
| Net Land, buildings, and equipment | $23,035,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,340,320 |
| Total assets | $29,087,577 |
| Accounts payable and accrued expenses | $433,113 |
| Grants payable | $0 |
| Deferred revenue | $161,453 |
| 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 | $8,708,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,303,141 |
| Net assets without donor restrictions | $19,784,436 |
| 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 | $29,087,577 |