Kitsap Golf & Country Club
- Assets
- $2.9m
- Revenue
- $1.8m
- Investments
- $424.2k
- Employees
- 93
- Location
- Bremerton, WA
- Founding
- 06/1959
- Data as of
- 12/2022
- EIN
- 91-0283220
Organization Overview
Kitsap Golf & Country Club is located in Bremerton, WA. The organization was established in 1959. 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, Kitsap Golf & Country Club employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitsap Golf & Country 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, Kitsap Golf & Country Club generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE MEMBERS AND GUESTS OF MEMBERS THE OPPORTUNITY TO ENJOY DINING, GOLF, SWIMMING AND SOCIALIZING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE USE - REVENUES AND EXPENSES RELATED TO THE USE OF THE GOLF COURSE AND SWIMMING POOL BY MEMBERS AND GUESTS.
FOOD AND BAR - SALE OF FOOD AND LIQUOR TO MEMBERS AND GUESTS OF MEMBERS AND UNRELATED PARTIES, RECEPTIONS AND MEETINGS HOSTED BY THE MEMBERS AND THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Sisemore Director | Trustee | 2 | $0 |
Kim Betzing President | OfficerTrustee | 20 | $0 |
Chuck Tourville Treasurer | OfficerTrustee | 2 | $0 |
Harold Lane Secretary | OfficerTrustee | 2 | $0 |
Tim Threadgold Director | Trustee | 2 | $0 |
Hercules Hubbell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,133,598 |
| 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 | $1,133,598 |
| Total Program Service Revenue | $467,974 |
| Investment income | $15,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $176,579 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,786,996 |
| 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 | $447,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,641 |
| Payroll taxes | $137,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133 |
| Fees for services: Accounting | $3,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,119 |
| Royalties | $0 |
| Occupancy | $103,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,892 |
| Insurance | $42,955 |
| All other expenses | $309,388 |
| Total functional expenses | $1,625,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,539 |
| Savings and temporary cash investments | $100,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,174 |
| Prepaid expenses and deferred charges | $26,357 |
| Net Land, buildings, and equipment | $1,210,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $424,174 |
| Investments—program-related | $0 |
| Intangible assets | $225 |
| Other assets | $0 |
| Total assets | $2,922,477 |
| Accounts payable and accrued expenses | $377,451 |
| Grants payable | $0 |
| Deferred revenue | $2,227 |
| 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 | $149,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $529,193 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $310,009 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,083,275 |
| Total liabilities and net assets/fund balances | $2,922,477 |