Broadmoor Golf Club
- Assets
- $18.7m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 145
- Location
- Seattle, WA
- Founding
- 04/1952
- Data as of
- 03/2023
- EIN
- 91-0154990
Organization Overview
Broadmoor Golf Club is located in Seattle, WA. The organization was established in 1952. 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 03/2023, Broadmoor Golf Club employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadmoor Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Broadmoor Golf Club generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $8.5m during the year ending 03/2023. While expenses have increased by 5.2% per year over the past 8 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
SOCIAL RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLFING PROVIDES FOR THE UPKEEP OF THE GOLF COURSE FOR THE MEMBERS' ENJOYMENT.
RESTAURANT & LOUNGE FACILITIES PROVIDES A CLUBHOUSE WHERE MEMBERS CAN SOCIALIZE WHILE ENJOYING GOOD FOOD AND BEVERAGES.
CLUB ACTIVITIES PROVIDES FACILITIES FOR MEMBERS TO SOCIALIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Peterson President | OfficerTrustee | 2 | $0 |
Carson Rasmussen VP | OfficerTrustee | 4 | $0 |
Ned Sander Board Member | Trustee | 1 | $0 |
Marty Taucher Secretary | OfficerTrustee | 1 | $0 |
John Case Board Member | Trustee | 1 | $0 |
Jeff Hunt Board Member | Trustee | 1 | $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 | $7,322,156 |
| Investment income | $48,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,851 |
| Net Gain/Loss on Asset Sales | $289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,720,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,233,720 |
| 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 | $4,037,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $656,697 |
| Payroll taxes | $411,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $957 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,081 |
| Advertising and promotion | $0 |
| Office expenses | $52,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $897,000 |
| Insurance | $126,616 |
| All other expenses | $211,936 |
| Total functional expenses | $8,547,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,634 |
| Savings and temporary cash investments | $5,379,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $785,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $121,331 |
| Prepaid expenses and deferred charges | $33,702 |
| Net Land, buildings, and equipment | $11,364,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,435 |
| Total assets | $18,715,218 |
| Accounts payable and accrued expenses | $823,922 |
| Grants payable | $0 |
| Deferred revenue | $1,303,661 |
| 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 | $26,579 |
| Total liabilities | $2,154,162 |
| Net assets without donor restrictions | $16,561,056 |
| 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 | $18,715,218 |