Meadows Club
- Assets
- $4.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Boulder, CO
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 84-0638761
Organization Overview
Meadows Club is located in Boulder, CO. The organization was established in 2010. 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 12/2023, Meadows Club employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadows Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Meadows Club generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 5 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
THE CLUB'S PURPOSE IS TO PROVIDE SWIM AND TENNIS RECREATIONAL FACILITES FOR MEMBERS FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB'S PURPOSE IS TO PROVIDE SWIM AND TENNIS RECREATIONAL FACILITIES FOR MEMBERS FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emel Gomulka Vice President | OfficerTrustee | 2 | $0 |
Claire Khadakkar Director | Trustee | 2 | $0 |
Heather Middleton Director | Trustee | 2 | $0 |
Matt Sanchez Director | Trustee | 2 | $0 |
Geoff Noyes Board President | Officer | 2 | $0 |
Dominick Morone Treasurer | Officer | 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 | $1,957,369 |
| Investment income | $3,160 |
| 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 | $1,960,529 |
| 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 | $650,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,174 |
| Payroll taxes | $69,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,062 |
| 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 | $1,944 |
| Information technology | $6,515 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,711 |
| Insurance | $43,772 |
| All other expenses | $169,261 |
| Total functional expenses | $1,802,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53 |
| Net Land, buildings, and equipment | $4,127,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,309 |
| Total assets | $4,944,822 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,902,306 |
| Unsecured mortgages and notes payable | $147,619 |
| Other liabilities | $8,999 |
| Total liabilities | $3,058,924 |
| 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 | $492,002 |
| Retained earnings, endowment, accumulated income, or other funds | $1,393,896 |
| Total liabilities and net assets/fund balances | $4,944,822 |