Big Canyon Country Club
- Assets
- $53.2m
- Revenue
- $25.9m
- Investments
- $0.0
- Employees
- 398
- Location
- Newport Beach, CA
- Founding
- 08/1970
- Data as of
- 04/2023
- EIN
- 95-2648551
Organization Overview
Big Canyon Country Club is located in Newport Beach, CA. The organization was established in 1970. 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 04/2023, Big Canyon Country Club employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Canyon 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 04/2023, Big Canyon Country Club generated $25.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $26.2m during the year ending 04/2023. While expenses have increased by 2.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS THE HIGHEST QUALITY EXPERIENCE FROM THEIR CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE DIRECTED TO THE MEMBERS' USE AND ENJOYMENT OF THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Tipton Pres | OfficerTrustee | 4 | $0 |
K Krogius V.p | OfficerTrustee | 4 | $0 |
M Borchard Secr. | OfficerTrustee | 4 | $0 |
M Solomon Treasurer | OfficerTrustee | 4 | $0 |
J Abbott Dir | Trustee | 4 | $0 |
D Drislane Dir | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advantage Event Solutions Events | 4/29/23 | $175,393 |
Keith Laverty Floral-event Design | 4/29/23 | $135,760 |
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 | $19,756,737 |
| Investment income | $98,840 |
| 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 | $6,048,846 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,904,423 |
| 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 | $12,649,282 |
| Pension plan accruals and contributions | $168,478 |
| Other employee benefits | $1,852,670 |
| Payroll taxes | $1,105,018 |
| 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 | $956,105 |
| Advertising and promotion | $0 |
| Office expenses | $275,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $910,825 |
| Travel | $23,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,487,757 |
| Insurance | $250,830 |
| All other expenses | $513,162 |
| Total functional expenses | $26,171,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,492,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,921,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,153,417 |
| Prepaid expenses and deferred charges | $408,551 |
| Net Land, buildings, and equipment | $42,965,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,232,802 |
| Total assets | $53,173,834 |
| Accounts payable and accrued expenses | $2,311,256 |
| Grants payable | $0 |
| Deferred revenue | $2,023,500 |
| 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 | $8,110,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,795,542 |
| Total liabilities | $15,240,537 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $88,761,242 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$50,827,945 |
| Total liabilities and net assets/fund balances | $53,173,834 |