Lake Arrowhead Country Club
- Assets
- $6.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 98
- Location
- Lake Arrowhead, CA
- Founding
- 11/1979
- Data as of
- 02/2021
- EIN
- 95-3274031
Organization Overview
Lake Arrowhead Country Club is located in Lake Arrowhead, CA. The organization was established in 1979. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 02/2021, Lake Arrowhead Country Club employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Arrowhead 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 02/2021, Lake Arrowhead Country Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.4m during the year ending 02/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A GOLF CLUB AND ASSOCIATED AMENITIES EXCLUSIVELY FOR THE PLEARURE AND RECREATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB CONTINUES TO OPERATE AND MAINTAIN ITS GOLF, TENNIS AND DINING FACILITIES FOR THE EXCLUSIVE PLEASURE AND RECREATION OF ITS MEMBEERS AND THEIR GUESTS.
OPERATION AND MAINTENANCE OF GOLF, TENNIS AND DINING FACILITIES FOR THE EXCLUSIVE PLEASURE AND RECREATION OF MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Massey COO | Officer | 40 | $205,056 |
Brent Teunis Golf Pro | 40 | $131,467 | |
Cyla Apache Controller | 40 | $118,199 | |
Darren Moraco Golf Course | 40 | $104,808 | |
Tony O'keefe President | OfficerTrustee | 3 | $0 |
Steve Keefe Vice Preside | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $290 |
| 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 | $311,867 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,082,716 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,145,658 |
| Pension plan accruals and contributions | $29,895 |
| Other employee benefits | $193,312 |
| Payroll taxes | $107,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,800 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,590 |
| 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 | $2,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $421,282 |
| Insurance | $99,345 |
| All other expenses | $0 |
| Total functional expenses | $4,403,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,499 |
| Savings and temporary cash investments | $370,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,162 |
| Prepaid expenses and deferred charges | $63,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,823 |
| Total assets | $6,319,775 |
| Accounts payable and accrued expenses | $298,617 |
| Grants payable | $0 |
| Deferred revenue | $269,790 |
| 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 | $0 |
| Other liabilities | $66,565 |
| Total liabilities | $634,972 |
| 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 |
| Total liabilities and net assets/fund balances | $5,684,803 |
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|---|---|---|
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Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
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The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |