Rainier Club
- Assets
- $11.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 71
- Location
- Seattle, WA
- Founding
- 12/1934
- Data as of
- 06/2022
- EIN
- 91-0378550
Organization Overview
Rainier Club is located in Seattle, WA. The organization was established in 1934. 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 06/2022, Rainier Club employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainier Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Rainier Club generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 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
THE RAINIER CLUB ENGAGES BUSINESS, CIVIC, AND CREATIVE LEADERS IN A DIVERSE COMMUNITY OF INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A 501(C)7 ORGANIZATION, THE RAINIER CLUB IS A PRIVATE MEMBERS SOCIAL CLUB PROVIDING FOOD AND BEVERAGE SERVICES, OVERNIGHT ACCOMMODATIONS, ATHLETIC FACILITIES, SOCIAL AND EVENT PROGRAMMING, RECIPROCITY WITH NATIONAL AND INTERNATIONAL PRIVATE SOCIAL CLUBS, AND PARKING FOR THE MEMBERSHIP AND THEIR GUESTS. THE CLUB FULFILLS ITS SOCIAL MISSION BY ORGANIZING AT LEAST 200 SOCIAL EVENTS ANNUALLY. THESE EVENTS COMPRISE THE DIVERSE INTERESTS OF THE MEMBERSHIP WITH PROGRAMS FOCUSING ON SUCH TOPICS AS ATHLETICS, ART, BUSINESS, COMMUNITY, EDUCATION, ENVIRONMENT, FOOD AND BEVERAGE, HEALTH AND WELLNESS, HISTORIC PRESERVATION, TRAVEL, LITERATURE AND PHILANTHROPY. IN ADDITION TO SOCIAL EVENTS, THE CLUB IS A GATHERING PLACE FOR FORMAL AND INFORMAL MEETINGS, MEALS, AND GATHERINGS OF VARIOUS TYPES INCLUDING PROFESSIONAL AND PRIVATE DINNERS, LUNCHES, AND BREAKFASTS, CELEBRATIONS, AND FRIENDLY GET TOGETHERS. THE CLUBHOUSE IS REGISTERED AS A HISTORIC LANDMARK BY THE NATIONAL REGISTER OF HISTORIC BUILDINGS AND THE CITY OF SEATTLE. THE CLUBHOUSE, DESIGNED IN 1903 BY KIRTLAND CUTTER, IS AN EXAMPLE OF JACOBEAN-STYLE ARCHITECTURE AND HAS BEEN STANDING ON 4TH AVENUE IN SEATTLE SINCE 1904. THE MEMBERSHIP IS PROUD TO BE PUBLIC STEWARDS OF ONE OF SEATTLE'S MOST RECOGNIZED PRESERVATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Campbell Exec Chef | 40 | $147,636 | |
Gregory Faulkner Health Club Mgr | 40 | $127,131 | |
Josie Henderson CEO | Officer | 40 | $122,636 |
Vida Devic Controller | 40 | $110,741 | |
Barbara Wortley President Elect | OfficerTrustee | 1 | $0 |
Lisa Mayfield President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nbbj Architect Design And Consulting Fees | 6/29/16 | $122,099 |
United Parking Services Offsite Parking Facility Lease | 6/29/16 | $210,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $926,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,142,554 |
| Total Program Service Revenue | $2,179,257 |
| Investment income | $2,445 |
| 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 | -$214,022 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,675,772 |
| 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. | $130,612 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $911,822 |
| Pension plan accruals and contributions | $16,838 |
| Other employee benefits | $96,849 |
| Payroll taxes | $109,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $364,383 |
| Advertising and promotion | $0 |
| Office expenses | $103,781 |
| Information technology | $87,262 |
| Royalties | $0 |
| Occupancy | $462,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $550,959 |
| Insurance | $217,783 |
| All other expenses | $0 |
| Total functional expenses | $3,862,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,857 |
| Savings and temporary cash investments | $929,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $829,361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,098 |
| Prepaid expenses and deferred charges | $66,406 |
| Net Land, buildings, and equipment | $8,759,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,743 |
| Other assets | $632,655 |
| Total assets | $11,565,264 |
| Accounts payable and accrued expenses | $394,818 |
| Grants payable | $0 |
| Deferred revenue | $395,190 |
| 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 | $125,048 |
| Total liabilities | $915,056 |
| Net assets without donor restrictions | $10,650,208 |
| 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 | $11,565,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainier Club has recieved totaling $3,551.
| Awarding Organization | Amount |
|---|---|
Craig And Susan Mccaw Foundation Kirkland, WA PURPOSE: CIVIL SERVICE | $3,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Overlake Golf And Country Club Medina, WA | $29,417,112 | $12,082,027 |
Waverley Country Club Portland, OR | $15,287,232 | $9,034,980 |
Portland Golf Club Portland, OR | $13,576,929 | $9,879,957 |
Broadmoor Golf Club Seattle, WA | $17,865,105 | $8,643,094 |
Seattle Yacht Club Seattle, WA | $30,460,626 | $8,534,744 |
Seattle Tennis Club Seattle, WA | $26,695,930 | $9,613,446 |
Eugene Country Club Eugene, OR | $18,840,181 | $10,610,025 |
Sahalee Country Club Sammamish, WA | $23,374,179 | $8,767,050 |
Glendale Country Club Bellevue, WA | $11,150,711 | $6,731,979 |
Crane Creek Country Club Inc Boise, ID | $12,055,975 | $8,134,386 |
Hayden Lake Country Club Inc Hayden Lake, ID | $13,288,734 | $7,601,397 |