The Reserve Club
- Assets
- $33.4m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 173
- Location
- Indian Wells, CA
- Founding
- 02/1999
- Data as of
- 06/2023
- EIN
- 33-0815821
Organization Overview
The Reserve Club is located in Indian Wells, CA. The organization was established in 1999. 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 06/2023, Reserve Club employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reserve Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Reserve Club generated $11.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $12.4m during the year ending 06/2023. While expenses have increased by 3.3% 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
PROVIDING A SITUS FOR THE MEMBERS TO ENJOY THEIR CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SITUS FOR THE MEMBERS' TO RECREATE AND ENJOY THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Paresky Pres | OfficerTrustee | 4 | $0 |
M Kleiner Secr | OfficerTrustee | 4 | $0 |
B Willison Treas | OfficerTrustee | 4 | $0 |
C Singleton Dir | Trustee | 4 | $0 |
J Woodward Dir | Trustee | 0 | $0 |
L Sauder Dir | Trustee | 4 | $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 | $9,929,107 |
| Investment income | $127,445 |
| 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 | $1,170,546 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,227,098 |
| 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 | $5,103,364 |
| Pension plan accruals and contributions | $122,748 |
| Other employee benefits | $884,730 |
| Payroll taxes | $469,758 |
| 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 | $578,008 |
| Advertising and promotion | $0 |
| Office expenses | $25,160 |
| Information technology | $40,551 |
| Royalties | $0 |
| Occupancy | $329,937 |
| Travel | $3,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,374,555 |
| Insurance | $154,624 |
| All other expenses | $360,834 |
| Total functional expenses | $12,351,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,196,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $325,205 |
| Prepaid expenses and deferred charges | $276,924 |
| Net Land, buildings, and equipment | $23,165,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,519,783 |
| Total assets | $33,384,018 |
| Accounts payable and accrued expenses | $793,021 |
| Grants payable | $0 |
| Deferred revenue | $4,354,849 |
| 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 | $2,106,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,254,106 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $37,899,885 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,725,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$13,494,973 |
| Total liabilities and net assets/fund balances | $33,384,018 |