Riverside Golf & Country Club
- Assets
- $2.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Portland, OR
- Founding
- 05/1937
- Data as of
- 10/2020
- EIN
- 93-0266117
Organization Overview
Riverside Golf & Country Club is located in Portland, OR. The organization was established in 1937. 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 10/2020, Riverside Golf & Country Club employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside 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 10/2020, Riverside Golf & Country Club generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.2m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ATHLETIC AND SOCIAL ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES FACILITIES FOR MEMBERSHIP, CONSISTENT WITH THE STATED GOALS AND OBJECTIVES OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Holtmann President | OfficerTrustee | 4 | $0 |
Steve Coulter Treasurer | OfficerTrustee | 2 | $0 |
Jim Laubenthal Vice President | OfficerTrustee | 2 | $0 |
Marilyn Reed-Clark Secretary | OfficerTrustee | 2 | $0 |
Paul Brandes Director | Trustee | 1 | $0 |
Mark Adams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $20 |
| 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 | $489,684 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,186,261 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,169,411 |
| Pension plan accruals and contributions | $2,159 |
| Other employee benefits | $353,473 |
| Payroll taxes | $168,113 |
| 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 | $53,819 |
| Advertising and promotion | $0 |
| Office expenses | $4,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $458,998 |
| Insurance | $58,926 |
| All other expenses | $0 |
| Total functional expenses | $3,152,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,184 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,338 |
| Prepaid expenses and deferred charges | $18,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,616,463 |
| Accounts payable and accrued expenses | $357,333 |
| Grants payable | $0 |
| Deferred revenue | $19,513 |
| 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 | $1,921,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $238,233 |
| Total liabilities | $2,536,978 |
| 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 |
| Total liabilities and net assets/fund balances | $79,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |
Bel-Air Country Club Los Angeles, CA | $45,594,228 | $14,608,827 |
North Ranch Country Club Westlake Village, CA | $31,119,623 | $14,713,429 |