Hillcrest Country Club
- Assets
- $41.2m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 176
- Location
- Los Angeles, CA
- Founding
- 11/1972
- Data as of
- 05/2022
- EIN
- 95-0831590
Organization Overview
Hillcrest Country Club is located in Los Angeles, CA. The organization was established in 1972. 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 05/2022, Hillcrest Country Club employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillcrest 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 05/2022, Hillcrest Country Club generated $25.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $29.1m during the year ending 05/2022. While expenses have increased by 4.7% 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
TO PROVIDE A SITUS FOR RECREATION AND THE MEMBERS ENJOYMENT OF THEIR CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL SERVICES ARE PROVIDED FOR THE MEMBERS' USE AND ENJOYMENT OF THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Rothenberg Pres. | OfficerTrustee | 4 | $0 |
M Flesch V.p | OfficerTrustee | 4 | $0 |
E Weiss Secr. | OfficerTrustee | 4 | $0 |
S Notkin Treas. | OfficerTrustee | 4 | $0 |
T Dreifus-Irs Reported On W-2 CFO | Officer | 40 | $0 |
J Mcmullen-Irs Reported On W-2 Dir Of Golf | Officer | 40 | $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 | $21,846,627 |
| Investment income | $29,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $146,941 |
| 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 | $3,563,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,586,349 |
| 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 | $10,027,376 |
| Pension plan accruals and contributions | $414,110 |
| Other employee benefits | $1,639,208 |
| Payroll taxes | $784,558 |
| 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 | $3,650,199 |
| Advertising and promotion | $0 |
| Office expenses | $31,982 |
| Information technology | $58,458 |
| 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 | $684,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,673,059 |
| Insurance | $386,361 |
| All other expenses | $2,540,389 |
| Total functional expenses | $29,117,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,893,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,072,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $559,090 |
| Prepaid expenses and deferred charges | $487,988 |
| Net Land, buildings, and equipment | $33,229,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,243,354 |
| Accounts payable and accrued expenses | $4,094,390 |
| Grants payable | $0 |
| Deferred revenue | $1,843,600 |
| 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 | $8,824,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,762,268 |
| Net assets without donor restrictions | $0 |
| 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 | $26,481,086 |
| Total liabilities and net assets/fund balances | $41,243,354 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hillcrest Country Club has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Brad Rosenberg Family Foundation Los Angeles, CA PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |