Cypress Point Club
- Assets
- $23.5m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 78
- Location
- Pebble Beach, CA
- Founding
- 09/1934
- Data as of
- 12/2022
- EIN
- 94-6008058
Organization Overview
Cypress Point Club is located in Pebble Beach, CA. The organization was established in 1934. 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 12/2022, Cypress Point Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cypress Point Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Cypress Point Club generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
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 |
|---|---|---|---|
George J Still Jr President | OfficerTrustee | 2 | $0 |
David W Dorman Vice President | OfficerTrustee | 2 | $0 |
J Stuart Francis Treasurer | OfficerTrustee | 2 | $0 |
Edward D Herlihy Secretary | OfficerTrustee | 2 | $0 |
Reuben F Richards Jr Director | Trustee | 2 | $0 |
Douglas J Mackenzie 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 | $7,759,643 |
| Investment income | $8,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,867 |
| Net Gain/Loss on Asset Sales | $836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $510,769 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,444,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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. | $581,451 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,836,802 |
| Pension plan accruals and contributions | $215,303 |
| Other employee benefits | $1,295,063 |
| Payroll taxes | $250,179 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $830,174 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,029,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,106,383 |
| Savings and temporary cash investments | $1,198,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,173,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,267 |
| Prepaid expenses and deferred charges | $270,050 |
| Net Land, buildings, and equipment | $19,097,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $336,086 |
| Total assets | $23,460,202 |
| Accounts payable and accrued expenses | $1,322,574 |
| Grants payable | $0 |
| Deferred revenue | $882,000 |
| 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 | $59,142 |
| Total liabilities | $2,263,716 |
| Net assets without donor restrictions | $21,196,486 |
| 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 | $23,460,202 |