Menlo Country Club
- Assets
- $58.3m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 148
- Location
- Woodside, CA
- Founding
- 02/1936
- Data as of
- 01/2024
- EIN
- 94-0674870
Organization Overview
Menlo Country Club is located in Woodside, CA. The organization was established in 1936. 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 01/2024, Menlo Country Club employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo 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 01/2024, Menlo Country Club generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $12.8m during the year ending 01/2024. While expenses have increased by 5.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BENEFIT, PLEASURE, AND RECREATION OF MEMBERS BY OWNING, OPERATING, AND MANAGING A NON-PROFIT GOLF AND SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Miller President | OfficerTrustee | 2 | $0 |
Maggie Grauer Vice President | OfficerTrustee | 2 | $0 |
Jesse Rogers Treasurer | OfficerTrustee | 2 | $0 |
Linda Knoll Secretary | OfficerTrustee | 2 | $0 |
Ron Sturzenegger Director | Trustee | 2 | $0 |
Chris Buddin Director | Trustee | 2 | $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 | $14,088,122 |
| Investment income | $152,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$248,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$884,048 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,320,481 |
| 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. | $399,048 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,993,828 |
| Pension plan accruals and contributions | $223,738 |
| Other employee benefits | $759,222 |
| Payroll taxes | $292,928 |
| 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 | $418,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,775,143 |
| Insurance | $186,937 |
| All other expenses | $1,833,342 |
| Total functional expenses | $12,786,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,463,264 |
| Savings and temporary cash investments | $2,741,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $930,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $347,890 |
| Prepaid expenses and deferred charges | $422,463 |
| Net Land, buildings, and equipment | $51,154,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,309 |
| Total assets | $58,319,210 |
| Accounts payable and accrued expenses | $1,502,490 |
| Grants payable | $0 |
| Deferred revenue | $7,558 |
| 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 | $9,405,025 |
| Other liabilities | $306,867 |
| Total liabilities | $11,221,940 |
| Net assets without donor restrictions | $47,097,270 |
| 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 | $58,319,210 |