Beach Club
- Assets
- $34.1m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 179
- Location
- Santa Monica, CA
- Founding
- 12/1954
- Data as of
- 09/2022
- EIN
- 95-0533060
Organization Overview
Beach Club is located in Santa Monica, CA. The organization was established in 1954. 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 09/2022, Beach Club employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beach Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Beach Club generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $10.0m during the year ending 09/2022. While expenses have increased by 2.7% per year over the past 7 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
THE CLUB PROVIDES THE MEMBERS A SITUS TO ENJOY THEIR CLUB AND ITS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES SUPPORT THE MEMBERS USE AND ENJOY OF THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Lord Pres. | OfficerTrustee | 10 | $0 |
C Benton Dir | OfficerTrustee | 10 | $0 |
S Antion Treas. | OfficerTrustee | 10 | $0 |
A Bishop Secr. | OfficerTrustee | 10 | $0 |
D Jackson VP | Trustee | 10 | $0 |
G Gardner Dir | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Sheppird Construction Related | 9/29/21 | $129,755 |
Brindle Development Llc Construction Related | 9/29/21 | $106,250 |
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 | $8,932,311 |
| Investment income | $3,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,537,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,506,599 |
| 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 | $4,642,411 |
| Pension plan accruals and contributions | $266,686 |
| Other employee benefits | $990,674 |
| 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 | $439,364 |
| Advertising and promotion | $0 |
| Office expenses | $105,014 |
| Information technology | $13,205 |
| Royalties | $0 |
| Occupancy | $1,145,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $566,401 |
| Insurance | $470,798 |
| All other expenses | $116,532 |
| Total functional expenses | $9,972,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,281,315 |
| Savings and temporary cash investments | $2,255,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,049,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,638 |
| Prepaid expenses and deferred charges | $174,973 |
| Net Land, buildings, and equipment | $22,168,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,075,875 |
| Accounts payable and accrued expenses | $1,899,965 |
| Grants payable | $0 |
| Deferred revenue | $611,247 |
| 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 | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,612,778 |
| Total liabilities | $6,223,990 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $24,257,765 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,594,120 |
| Total liabilities and net assets/fund balances | $34,075,875 |