Marrakesh Golf Club
- Assets
- $27.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Palm Desert, CA
- Founding
- 08/1977
- Data as of
- 09/2023
- EIN
- 95-3053333
Organization Overview
Marrakesh Golf Club is located in Palm Desert, CA. The organization was established in 1977. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Marrakesh Golf Club employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marrakesh Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Marrakesh Golf Club generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.6% each year . All expenses for the organization totaled $6.6m during the year ending 09/2023. While expenses have increased by 50.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS A SITUS TO PURSUE THEIR FIRST AMENDMENT RIGHT OF FREE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES SUPPORT THE MEMBERS USE AND ENJOYMENT OF THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Leach Director | Trustee | 2 | $0 |
Michelle Tuck Director | Trustee | 2 | $0 |
Alice Rosenblatt Secretary | OfficerTrustee | 2 | $0 |
Tom Iino Treasurer | OfficerTrustee | 2 | $0 |
Crosby Renwick Director | Trustee | 2 | $0 |
Kent Stone 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 | $10,025,941 |
| Investment income | $11,877 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,323,345 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $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 | $322,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $836,638 |
| Insurance | $177,919 |
| All other expenses | $602,775 |
| Total functional expenses | $6,564,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,808,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,842,499 |
| Inventories for sale or use | $116,116 |
| Prepaid expenses and deferred charges | $41,954 |
| Net Land, buildings, and equipment | $17,033,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,805 |
| Total assets | $27,072,202 |
| Accounts payable and accrued expenses | $255,704 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,328,623 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,023 |
| Total liabilities | $8,689,350 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,382,852 |
| 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 | $27,072,202 |