Seattle Golf Club
- Assets
- $17.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 111
- Location
- Shoreline, WA
- Founding
- 08/1934
- Data as of
- 12/2022
- EIN
- 91-0402810
Organization Overview
Seattle Golf Club is located in Shoreline, 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 12/2022, Seattle Golf Club employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 12/2022, Seattle Golf Club generated $6.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 4 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
OPERATION OF A PRIVATE CLUB FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN A GOLF CLUB FOR THE PURPOSE OF PROMOTING AND ENCOURAGING SOCIAL INTERACTION AMONG ITS MEMBERS, AND TO FACILITATE AND ENCOURAGE THE DEVELOPMENT OF THE GAME OF GOLF AMONG ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel G Lyon President | OfficerTrustee | $0 | |
Dr Richard Jones Vice Preside | OfficerTrustee | $0 | |
David C Schrader Secretary | OfficerTrustee | $0 | |
Wally Walker Treasurer | OfficerTrustee | $0 | |
Daniel J Dapper Trustee | Trustee | $0 | |
James Rowe Trustee | Trustee | $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 | $5,857,229 |
| Investment income | $7,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,450 |
| 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 | $619,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,511,632 |
| 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. | $740,744 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,478,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $613,673 |
| Payroll taxes | $310,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,413 |
| 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 | $59,126 |
| Information technology | $73,218 |
| Royalties | $0 |
| Occupancy | $449,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $933,877 |
| Insurance | $115,735 |
| All other expenses | $0 |
| Total functional expenses | $6,841,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,468,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $953,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $482,994 |
| Inventories for sale or use | $100,196 |
| Prepaid expenses and deferred charges | $217,469 |
| Net Land, buildings, and equipment | $13,872,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,884 |
| Total assets | $17,221,767 |
| Accounts payable and accrued expenses | $483,201 |
| Grants payable | $0 |
| Deferred revenue | $473,588 |
| 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 | $82,141 |
| Total liabilities | $1,038,930 |
| Net assets without donor restrictions | $16,182,837 |
| 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 | $17,221,767 |