Castlewood Country Club
- Assets
- $23.8m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 37
- Location
- Pleasanton, CA
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 94-1247716
Organization Overview
Castlewood Country Club is located in Pleasanton, CA. The organization was established in 2002. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Castlewood Country Club employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castlewood 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 12/2021, Castlewood Country Club generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Vest General Manager | Officer | 40 | $239,965 |
Lou Silveira Golf Course Superintendent | 40 | $148,699 | |
Juliet Dorn Director Of Membership | 40 | $125,215 | |
Brett Faulkner Golf Professional | 40 | $115,340 | |
Amber Lindsey Director Of Administration | Officer | 40 | $114,182 |
Rick Sanciangco Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Troon Golf Management Services | 12/30/21 | $3,291,706 |
Commercial Pump Service Irrigation Services | 12/30/21 | $197,352 |
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 | $6,489,049 |
| Investment income | $3,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,480 |
| Net Gain/Loss on Asset Sales | -$206,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,513,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,959,205 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,753,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $936,935 |
| 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 | $4,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $938,602 |
| Insurance | $231,664 |
| All other expenses | $1,051,784 |
| Total functional expenses | $8,482,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,895 |
| Savings and temporary cash investments | $6,276,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,146,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $186,909 |
| Prepaid expenses and deferred charges | $294,537 |
| Net Land, buildings, and equipment | $15,547,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,800,146 |
| Accounts payable and accrued expenses | $2,609,945 |
| Grants payable | $0 |
| Deferred revenue | $772,068 |
| 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 | $0 |
| Other liabilities | $8,084,087 |
| Total liabilities | $11,466,100 |
| Net assets without donor restrictions | $12,334,046 |
| 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 | $23,800,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |