Laurelhurst Beach Club Inc
- Assets
- $2.1m
- Revenue
- $680.5k
- Investments
- $875.4k
- Employees
- 56
- Location
- Seattle, WA
- Founding
- 09/1935
- Data as of
- 12/2022
- EIN
- 91-0532068
Organization Overview
Laurelhurst Beach Club Inc is located in Seattle, WA. The organization was established in 1935. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Laurelhurst Beach Club Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurelhurst Beach 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 12/2022, Laurelhurst Beach Club Inc generated $680.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $529.4k during the year ending 12/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF COMMUNITY CLUB THAT PROVIDES ENJOYMENT, COMMUNITY AND RECREATIONAL BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COMMUNITY CLUB FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Mcallister Trustee/officer-Treasurer | OfficerTrustee | 4 | $0 |
Katie Watts Trustee/officer-President | OfficerTrustee | 0.5 | $0 |
Lauren Nolan Trustee ?officer-Secretary | OfficerTrustee | 2 | $0 |
Gaurav Oberoi Trustee-Technology | Trustee | 0.5 | $0 |
Jeff Dijulio Trustee-Events | Trustee | 1 | $0 |
Blake Anderson Trustee-Facilities/grounds | Trustee | 3 | $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 | $648,274 |
| Investment income | $26,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,483 |
| 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 | $200,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,225 |
| Office expenses | $1,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,626 |
| 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 | $48,628 |
| Insurance | $77,513 |
| All other expenses | $76,098 |
| Total functional expenses | $529,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,069 |
| Savings and temporary cash investments | $254,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,393 |
| Net Land, buildings, and equipment | $820,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $875,376 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $2,064,708 |
| Accounts payable and accrued expenses | $31,407 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | -$43 |
| Total liabilities | $31,364 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,023,344 |
| Total liabilities and net assets/fund balances | $2,064,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sand Point Country Club Inc Seattle, WA | $22,457,177 | $10,030,449 |
Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
Members Club At Aldarra Sammamish, WA | $18,786,180 | $5,716,279 |
Meridian Valley Country Club Inc Kent, WA | $8,643,385 | $5,751,943 |
Costco Wholesale Employee Club Issaquah, WA | $12,237,798 | $7,934,255 |
Bend Golf & Country Club Bend, OR | $5,177,493 | $4,263,275 |
Samena Club Inc Bellevue, WA | $7,198,660 | $3,998,320 |
Lake Connor Park Inc Lake Stevens, WA | $2,614,581 | $3,287,751 |
Mill Creek Country Club An Association Mill Creek, WA | $6,663,805 | $4,207,043 |
Mercer Island Country Club Mercer Island, WA | $6,268,169 | $3,764,472 |
Lake Merwin Campers Hideaway Amboy, WA | $6,668,263 | $4,804,013 |
Mercer Island Beach Club Mercer Island, WA | $5,095,588 | $2,669,699 |