Valley Club Of Montecito
- Assets
- $16.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 93
- Location
- Montecito, CA
- Founding
- 04/1931
- Data as of
- 06/2022
- EIN
- 95-1324620
Organization Overview
Valley Club Of Montecito is located in Montecito, CA. The organization was established in 1931. 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 06/2022, Valley Club Of Montecito employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Club Of Montecito is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Valley Club Of Montecito generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 4.0% 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
OPERATION OF A COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A COUNTRY CLUB WITH GOLF AND TENNIS FACILITIES ALONG WITH A DINING ROOM AND COCKTAIL BAR. AS OF JUNE 30, 2021, THE CLUB SERVES 386 MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Robarge Former Greens Superintendent | Officer | 40 | $205,471 |
Daniel A Mead General Manager | OfficerTrustee | 40 | $202,060 |
Scott Puailoa Director Of Golf | 40 | $118,137 | |
R Stephen Newman President | OfficerTrustee | 1 | $0 |
Harry Mcmahon Vice President | OfficerTrustee | 1 | $0 |
Hank Mitchel Vice President | OfficerTrustee | 1 | $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 | $411,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,119 |
| Total Program Service Revenue | $6,562,494 |
| Investment income | $1,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $244,025 |
| Net Gain/Loss on Asset Sales | -$290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,001,917 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,257,069 |
| 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. | $455,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,206,810 |
| Pension plan accruals and contributions | $132,959 |
| Other employee benefits | $432,322 |
| Payroll taxes | $284,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,783 |
| Fees for services: Accounting | $23,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,044 |
| Advertising and promotion | $9,311 |
| Office expenses | $51,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $647,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,694 |
| Insurance | $318,715 |
| All other expenses | $191,594 |
| Total functional expenses | $7,879,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,584,689 |
| Savings and temporary cash investments | $45,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $613,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,720 |
| Inventories for sale or use | $179,937 |
| Prepaid expenses and deferred charges | $245,641 |
| Net Land, buildings, and equipment | $11,189,415 |
| Investments—publicly traded securities | $1,501,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $719,377 |
| Total assets | $16,086,751 |
| Accounts payable and accrued expenses | $608,486 |
| Grants payable | $0 |
| Deferred revenue | $400,954 |
| 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 | $69,816 |
| Other liabilities | $951,603 |
| Total liabilities | $2,030,859 |
| Net assets without donor restrictions | $13,983,828 |
| Net assets with donor restrictions | $72,064 |
| 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 | $16,086,751 |
Endowment Analysis
| Beg. Balance | $3,091 |
| Earnings | $11 |
| Other Expense | $11 |
| Ending Balance | $3,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |