Los Altos Golf & Country Club
- Assets
- $30.1m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 243
- Location
- Los Altos, CA
- Founding
- 02/1956
- Data as of
- 10/2023
- EIN
- 94-0639250
Organization Overview
Los Altos Golf & Country Club is located in Los Altos, CA. The organization was established in 1956. 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 10/2023, Los Altos Golf & Country Club employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Altos 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 10/2023, Los Altos Golf & Country Club generated $17.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $18.2m during the year ending 10/2023. While expenses have increased by 3.2% 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
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS FOR THE BENEFIT OF CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS TO CLUB MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Cole President | OfficerTrustee | 0 | $0 |
John Rayden Vice President | OfficerTrustee | 0 | $0 |
Paul Glaser Treasurer | OfficerTrustee | 0 | $0 |
Matt Lee Director | Trustee | 0 | $0 |
Barbara Wilbur Director | Trustee | 0 | $0 |
Glen Schofield Director | Trustee | 0 | $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 | $12,701,011 |
| Investment income | $188,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,234,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,749,531 |
| 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. | $1,012,289 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,436,450 |
| Pension plan accruals and contributions | $244,294 |
| Other employee benefits | $1,108,901 |
| Payroll taxes | $621,297 |
| 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 | $488,285 |
| Advertising and promotion | $0 |
| Office expenses | $98,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,111,244 |
| Travel | $26,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,662,410 |
| Insurance | $392,371 |
| All other expenses | $1,794,868 |
| Total functional expenses | $18,189,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,659 |
| Savings and temporary cash investments | $3,816,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,752,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $594,570 |
| Prepaid expenses and deferred charges | $173,926 |
| Net Land, buildings, and equipment | $22,586,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $588,196 |
| Total assets | $30,104,555 |
| Accounts payable and accrued expenses | $2,744,972 |
| Grants payable | $0 |
| Deferred revenue | $1,234,109 |
| 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 | $341,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $365,767 |
| Total liabilities | $4,686,028 |
| Net assets without donor restrictions | $25,418,527 |
| 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 | $30,104,555 |