Olympic Club
- Assets
- $188.1m
- Revenue
- $66.5m
- Investments
- $0.0
- Employees
- 554
- Location
- San Francisco, CA
- Founding
- 03/1958
- Data as of
- 09/2023
- EIN
- 94-0732930
Organization Overview
Olympic Club is located in San Francisco, CA. The organization was established in 1958. 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, Olympic Club employed 554 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic 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, Olympic Club generated $66.5m 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 $65.9m during the year ending 09/2023. While expenses have increased by 3.7% 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.
Since 2015, Olympic Club has awarded 41 individual grants totaling $754,353. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SOCIAL AND ATHLETIC CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB SERVED APPROXIMATELY 5,500 VOTING MEMBERS AND 5,500 ADDITIONAL MEMBERS AND THEIR GUESTS TO PROMOTE ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Murphy President | OfficerTrustee | 10 | $0 |
Paul O'driscoll President (thru 12/31/22) | OfficerTrustee | 10 | $0 |
Donald L Sullivan Vice President | OfficerTrustee | 4 | $0 |
Dr Susan M Campbell Vice President (thru 12/31/22) | OfficerTrustee | 4 | $0 |
Ward C Naughton Secretary | OfficerTrustee | 4 | $0 |
Gerald E O'hara Secretary (thru 12/31/22) | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hot Dog Bills Concessionaire | 9/29/23 | $1,302,165 |
Dominique Pfahl Florist | 9/29/23 | $154,253 |
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 | $49,790,118 |
| Investment income | $726,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,331,955 |
| Net Gain/Loss on Asset Sales | $39,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,514,437 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,524,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,787 |
| 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. | $4,301,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,432,323 |
| Pension plan accruals and contributions | $2,352,973 |
| Other employee benefits | $10,784,610 |
| Payroll taxes | $1,931,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,397 |
| Fees for services: Accounting | $107,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,000 |
| Fees for services: Other | $97,139 |
| Advertising and promotion | $0 |
| Office expenses | $2,007,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,020,733 |
| Travel | $343,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,216,161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,148,079 |
| Insurance | $1,630,834 |
| All other expenses | $3,184,002 |
| Total functional expenses | $65,896,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,050,873 |
| Savings and temporary cash investments | $31,513,727 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,486,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,271,111 |
| Prepaid expenses and deferred charges | $1,659,254 |
| Net Land, buildings, and equipment | $118,295,788 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $798,637 |
| Total assets | $188,076,167 |
| Accounts payable and accrued expenses | $8,826,688 |
| Grants payable | $0 |
| Deferred revenue | $14,821,935 |
| 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 | $84,698,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,142,312 |
| Total liabilities | $110,489,082 |
| Net assets without donor restrictions | $77,587,085 |
| 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 | $188,076,167 |
Grants Awarded
Over the last fiscal year, Olympic Club has awarded $89,937 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE OLYMPIC CLUB FOUNDATION PURPOSE: GENERAL SUPPORT | $57,000 |
LAKE TAHOE NEVADA STATE PARK PURPOSE: GENERAL SUPPORT | $10,979 |
LEAGUE TO SAVE LAKE TAHOE PURPOSE: GENERAL SUPPORT | $10,979 |
TAHOE CITY PUBLIC UTILITY PURPOSE: GENERAL SUPPORT | $10,979 |