Coronado Club
- Assets
- $8.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 65
- Location
- Houston, TX
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 74-1271086
Organization Overview
Coronado Club is located in Houston, TX. The organization was established in 1957. 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 12/2022, Coronado Club employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coronado Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Coronado Club generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. 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
PROVIDE FOOD & BEVERAGE FOR ITS MEMBERSHIP CONDUCIVE TO A SOCIAL ATMOSPHERE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE ENGAGED IN PRIMARILY FOR THE BENEFIT OF CLUB MEMBERS IN COMPLIANCE WITH STATED FUNCTIONS AND THE CLUB'S EXEMPT STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Scott Arnoldy Pres/treas (jan-Dec 2022) | OfficerTrustee | 1 | $0 |
Dan C Tutcher Chairman (jan-Dec 2022) | OfficerTrustee | 1 | $0 |
Jeffrey R Parsons Secretary (jan-Feb 2022) | OfficerTrustee | 1 | $0 |
Alfred C Glassell III Director (jan-Dec 2022) | Trustee | 1 | $0 |
Gregory S V Curran Director (jan-Dec 2022) | Trustee | 1 | $0 |
David Grimes Director (jan-Dec 2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Milam Houston Real Estate Holding Inc Rent, Rent Operating Expense, Utilities | 12/30/22 | $412,793 |
Exceptional Transportation Services Llc Valet Services | 12/30/22 | $202,698 |
C&t Design & Equipment Co Inc Commercial Kitchen And Restaurant Design | 12/30/22 | $196,023 |
Syncvent Llc Hearing Ventilating And Air Conditioning | 12/30/22 | $288,283 |
Gregory-edward Inc Hvac And Plumbing | 12/30/22 | $139,764 |
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 | $3,851,876 |
| Investment income | $23 |
| 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 | -$253,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,598,558 |
| 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 | $270,554 |
| Other salaries and wages | $640,654 |
| Pension plan accruals and contributions | $12,021 |
| Other employee benefits | $96,344 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,538 |
| 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 | $71,751 |
| Advertising and promotion | $15,189 |
| Office expenses | $184,266 |
| Information technology | $12,010 |
| Royalties | $0 |
| Occupancy | $382,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $444,618 |
| Insurance | $100,488 |
| All other expenses | $89,334 |
| Total functional expenses | $2,918,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,366 |
| Savings and temporary cash investments | $173,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,561,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $615,316 |
| Prepaid expenses and deferred charges | $158,856 |
| Net Land, buildings, and equipment | $4,609,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,071,940 |
| Accounts payable and accrued expenses | $542,660 |
| Grants payable | $0 |
| Deferred revenue | $792,551 |
| 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 | $94,597 |
| Total liabilities | $1,429,808 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,961,620 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $680,512 |
| Total liabilities and net assets/fund balances | $8,071,940 |