Waverley Country Club
- Assets
- $15.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 276
- Location
- Portland, OR
- Founding
- 08/1944
- Data as of
- 09/2023
- EIN
- 93-0307250
Organization Overview
Waverley Country Club is located in Portland, OR. The organization was established in 1944. 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 09/2023, Waverley Country Club employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waverley 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 09/2023, Waverley Country Club generated $10.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $12.0m during the year ending 09/2023. While expenses have increased by 8.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WAVERLEY COUNTRY CLUB IS AN OREGON NONPROFIT CORPORATION FOUNDED IN 1896. THE CLUB OWNS AND OPERATES A GOLF COURSE, CLUB HOUSE, AND OTHER RECREATIONAL AND SOCIAL FACILITIES IN PORTLAND, OREGON FOR ITS MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Ehlen President | OfficerTrustee | 1 | $0 |
Jim Carter Vice President | OfficerTrustee | 1 | $0 |
Wayne Drinkward Vice President | OfficerTrustee | 1 | $0 |
Dan Harmon Treasurer | OfficerTrustee | 1 | $0 |
Tony Trunzo Treasurer | OfficerTrustee | 1 | $0 |
Steve Reinhart Secretary | OfficerTrustee | 1 | $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 | $7,371,399 |
| Investment income | $65,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,870,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,308,803 |
| 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. | $1,200,265 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,030,963 |
| Pension plan accruals and contributions | $71,379 |
| Other employee benefits | $737,913 |
| Payroll taxes | $659,157 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $4,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,095,084 |
| Insurance | $189,087 |
| All other expenses | $661,990 |
| Total functional expenses | $12,032,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,467 |
| Savings and temporary cash investments | $718,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,030,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,843,775 |
| Inventories for sale or use | $586,792 |
| Prepaid expenses and deferred charges | $120,641 |
| Net Land, buildings, and equipment | $9,922,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494,750 |
| Total assets | $15,295,894 |
| Accounts payable and accrued expenses | $1,550,191 |
| 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 | $494,750 |
| Total liabilities | $2,044,941 |
| Net assets without donor restrictions | $13,250,953 |
| 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 | $15,295,894 |