Denver Athletic Club
- Assets
- $17.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 214
- Location
- Denver, CO
- Founding
- 03/1934
- Data as of
- 08/2021
- EIN
- 84-0186450
Organization Overview
Denver Athletic Club is located in Denver, CO. The organization was established in 1934. 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 08/2021, Denver Athletic Club employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Denver Athletic Club generated $8.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $8.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MEMBER OWNED, PRIVATE ATHLETIC AND SOCIAL CLUB IN THE METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL CLUB ORGANIZED FOR THE BENEFIT OF ITSMEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Morn General Manager | Officer | 40 | $186,539 |
Chris Elliott Clubhouse Manager | 40 | $121,668 | |
Robert Berger Chief Financial Officer | Officer | 40 | $120,629 |
Jason Mckendrick Membership Director | 40 | $104,410 | |
Sheila Dunlavy President | OfficerTrustee | 5 | $0 |
Paul Bergman Vice President | OfficerTrustee | 5 | $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 | $7,432,700 |
| Investment income | $27 |
| 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 | $435,211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,826,365 |
| 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. | $316,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,203,840 |
| Pension plan accruals and contributions | $73,045 |
| Other employee benefits | $600,551 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143 |
| Fees for services: Accounting | $31,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $152,868 |
| Office expenses | $325,157 |
| Information technology | $107,419 |
| Royalties | $0 |
| Occupancy | $1,479,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $212,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,656 |
| Insurance | $141,600 |
| All other expenses | $131,467 |
| Total functional expenses | $8,505,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,829,949 |
| Savings and temporary cash investments | $970,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,838,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,432 |
| Prepaid expenses and deferred charges | $94,546 |
| Net Land, buildings, and equipment | $12,512,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,332,255 |
| Accounts payable and accrued expenses | $1,368,216 |
| Grants payable | $0 |
| Deferred revenue | $753,071 |
| 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 | $8,774,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,395 |
| Total liabilities | $10,917,235 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $6,415,020 |
| Total liabilities and net assets/fund balances | $17,332,255 |
Endowment Analysis
| Beg. Balance | $12,443 |
| Earnings | $27 |
| Ending Balance | $12,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
Phoenix Country Club Phoenix, AZ | $16,178,518 | $11,141,268 |
Sports Car Club Of America Incorporated Topeka, KS | $6,701,641 | $11,632,236 |