Claremont Country Club
- Assets
- $35.5m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 260
- Location
- Oakland, CA
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 94-0387260
Organization Overview
Claremont Country Club is located in Oakland, CA. The organization was established in 1942. 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 12/2023, Claremont Country Club employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claremont 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 12/2023, Claremont Country Club generated $15.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $15.3m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL & RECREATIONAL BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Addegio III President | OfficerTrustee | 4 | $0 |
Kent Tayler Vice President | OfficerTrustee | 4 | $0 |
Annette O'donnell Butner Secretary | OfficerTrustee | 4 | $0 |
Chris Lalli Treasurer | OfficerTrustee | 4 | $0 |
Jamie Saunders Director | Trustee | 4 | $0 |
Eugene Brown Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lauren Ferraro Interior Design Interior Design Services | 12/30/23 | $126,592 |
Rndc Beverage Purveyor | 12/30/23 | $155,228 |
Corfini Meats Food Purveyor | 12/30/23 | $103,670 |
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 | $11,115,431 |
| Investment income | $95,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,747 |
| Net Gain/Loss on Asset Sales | -$60,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,243,652 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,719,049 |
| 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. | $509,136 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,471,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,244,743 |
| Payroll taxes | $606,975 |
| 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 | $274,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,310,069 |
| Insurance | $275,125 |
| All other expenses | $1,379,820 |
| Total functional expenses | $15,285,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,249,934 |
| Savings and temporary cash investments | $2,006,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,960,613 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $212,166 |
| Prepaid expenses and deferred charges | $1,421,065 |
| Net Land, buildings, and equipment | $21,644,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,988,487 |
| Total assets | $35,482,833 |
| Accounts payable and accrued expenses | $1,595,290 |
| Grants payable | $0 |
| Deferred revenue | $1,102,856 |
| 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 | $10,077,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $610,312 |
| Total liabilities | $13,385,910 |
| Net assets without donor restrictions | $22,096,923 |
| 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 | $35,482,833 |