Mt Adams Country Club
- Assets
- $857.3k
- Revenue
- $391.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Toppenish, WA
- Founding
- 04/1929
- Data as of
- 12/2022
- EIN
- 91-0573036
Organization Overview
Mt Adams Country Club is located in Toppenish, WA. The organization was established in 1929. 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, Mt Adams Country Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Adams 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, Mt Adams Country Club generated $391.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $581.1k during the year ending 12/2022. 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
TO PROVIDE SERVICES AND FACILITIES TO MEMBERS OF THE SOCIAL CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS WERE PROVIDED WITH SOCIAL CLUB FACILITIES AND SERVICES AS PRESCRIBED IN THE ORIGINAL ORGANIZATIONAL DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Wegener President | OfficerTrustee | 1 | $0 |
Vern Stephenson Vice President | OfficerTrustee | 1 | $0 |
David Arcano Treasurer | OfficerTrustee | 1 | $0 |
Loren Belton Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,629 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,049 |
| Total Program Service Revenue | $303,539 |
| Investment income | $753 |
| 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 | $23,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,527 |
| 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 | $234,269 |
| Pension plan accruals and contributions | $1,209 |
| Other employee benefits | $9,588 |
| Payroll taxes | $20,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,579 |
| Office expenses | $68,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,983 |
| Insurance | $23,856 |
| All other expenses | $16,115 |
| Total functional expenses | $581,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,150 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $338,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $857,324 |
| Accounts payable and accrued expenses | $57,379 |
| Grants payable | $0 |
| Deferred revenue | $88,716 |
| 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 | $925,463 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,071,558 |
| Net assets without donor restrictions | $0 |
| 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 | -$214,234 |
| Total liabilities and net assets/fund balances | $857,324 |
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|---|---|---|
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Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
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Meridian Valley Country Club Inc Kent, WA | $8,643,385 | $5,751,943 |
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Bend Golf & Country Club Bend, OR | $5,177,493 | $4,263,275 |
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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 |