The information for Menlo Circus Club is as of the organization's most recent filing in September 2020. This organization is located in Atherton, CA. It has been in existence for 78 years, following its founding in 1942.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Menlo Circus Club's NTEE code is N60. The "N" tells us that the organization is classified along with Amateur Sports. The "60" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as providing opportunities for people of all ages to learn and become competitive in a recreational activity or sport of their choice. These organizations may provide coaching assistance or instruction, access to equipment and facilities, and sponsor athletes to participate in amateur competitions.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of the Menlo Circus Club is to bind members together by a common objective directed at pleasure and recreation.
The social and recreational programs are listed in Part VIII, and all associated revenues, support, and functional expenses are reported within this program area.
Menlo Circus Club is run by Suzanne Jain, who is the President. The organization has 140 employees, of whom only 7 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 9 volunteers.
The Menlo Circus Club is an exemplary organization when it comes to governance. With nine voting members and nine independent members, the board is well-rounded and diverse, and potential conflicts of interest are kept to a minimum. The board meetings are documented, and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. Additionally, leadership and officer salaries are substantiated and reviewed to ensure that they are appropriate. The Menlo Circus Club is clearly committed to upholding the highest standards of governance.
The Menlo Circus Club has experienced growth over the last five years. Program Service Revenue, Investment Income, Other Revenue and Total Revenue have all increased, as has the number of Employees. This increased revenue has allowed for increased Employee Salaries and Total Expenses, despite the number of Volunteers remaining the same.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dirk Zander General Manager | Officer | 50 | $254,166 |
Nial Brash Head Tennis Pro | Officer | 50 | $215,750 |
Michel Adams Exective Chef | Officer | 50 | $182,419 |
Luigina Ferry Controller | 50 | $155,116 | |
Ken Bozzuto Facilities Director | 50 | $128,499 | |
Kaleb Hum Aquatics Director | 50 | $122,189 |
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 | $6,581,229 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$13,600 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,188,924 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,723,889 |
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. | $749,612 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,527,532 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,198,570 |
Payroll taxes | $0 |
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 | $71,435 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,006,248 |
Insurance | $196,722 |
All other expenses | $390,977 |
Total functional expenses | $9,063,577 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,763,085 |
Savings and temporary cash investments | $350,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,037,382 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $169,316 |
Prepaid expenses and deferred charges | $134,083 |
Net Land, buildings, and equipment | $15,799,843 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $127,855 |
Total assets | $20,381,564 |
Accounts payable and accrued expenses | $978,375 |
Grants payable | $0 |
Deferred revenue | $704,500 |
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 | $933,136 |
Other liabilities | $51,102 |
Total liabilities | $2,667,113 |
Net assets without donor restrictions | $17,714,451 |
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 | $20,381,564 |
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