Fircrest Golf Club Inc
- Assets
- $6.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 223
- Location
- Fircrest, WA
- Founding
- 12/1937
- Data as of
- 03/2023
- EIN
- 91-0221060
Organization Overview
Fircrest Golf Club Inc is located in Fircrest, WA. The organization was established in 1937. 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, Fircrest Golf Club Inc employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fircrest Golf 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 03/2023, Fircrest Golf Club Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $3.1m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIAL ORGANIZATION EXISTS TO OWN, ESTABLISH AND MAINTAIN RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES AND ASSESSMENTS COLLECTED ARE APPLIED TO COSTS OF PROVIDING A CLUBHOUSE, GOLF COURSE, AND SWIMMING POOL FOR MEMBER SOCIAL ACTIVITIES. APPROXIMATELY 11,438 ROUNDS OF GOLF WERE PLAYED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Sagers President | OfficerTrustee | 2 | $0 |
Tony Ching Vice President | OfficerTrustee | 2 | $0 |
Rick Crozier Secretary | OfficerTrustee | 2 | $0 |
Lynn Ellsworth Director | Trustee | 2 | $0 |
Ed Ploof Director | Trustee | 2 | $0 |
George Kanick Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,947,111 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,204,786 |
| Total Program Service Revenue | $226,256 |
| Investment income | $3,398 |
| 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 | $593,538 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,044,372 |
| 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. | $88,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,393,761 |
| Pension plan accruals and contributions | $25,185 |
| Other employee benefits | $114,711 |
| Payroll taxes | $179,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,162 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,593 |
| Advertising and promotion | $0 |
| Office expenses | $145,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,943 |
| Insurance | $37,585 |
| All other expenses | $84,010 |
| Total functional expenses | $3,072,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,565 |
| Savings and temporary cash investments | $24,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $632,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $367,905 |
| Prepaid expenses and deferred charges | $89,702 |
| Net Land, buildings, and equipment | $4,535,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $348,015 |
| Total assets | $6,585,054 |
| Accounts payable and accrued expenses | $726,242 |
| Grants payable | $0 |
| Deferred revenue | $349,146 |
| 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 | $974,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $312,496 |
| Total liabilities | $2,361,994 |
| Net assets without donor restrictions | $4,223,060 |
| 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 | $6,585,054 |