Phoenix Country Club
- Assets
- $16.2m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/1938
- Data as of
- 10/2020
- EIN
- 86-0047000
Organization Overview
Phoenix Country Club is located in Phoenix, AZ. The organization was established in 1938. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix 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 10/2020, Phoenix Country Club generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $11.2m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Costello Superintendent | 40 | $282,309 | |
Dan Budzius CEO | Officer | 40 | $258,425 |
Marcus Dekoning Executive Chef | 40 | $133,500 | |
John Maus Treasurer | OfficerTrustee | 5 | $0 |
Courtney Levinus President | OfficerTrustee | 5 | $0 |
Ronald Castro Jr Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $14,593 |
| 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 | $410,199 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,141,268 |
| 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. | $360,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,965,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $415,718 |
| Payroll taxes | $333,156 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $34,681 |
| Fees for services: Accounting | $32,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$454 |
| Advertising and promotion | $25,175 |
| Office expenses | $155,201 |
| Information technology | $44,169 |
| Royalties | $0 |
| Occupancy | $708,349 |
| Travel | $5,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,404 |
| Interest | $680,586 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,405,104 |
| Insurance | $136,548 |
| All other expenses | $0 |
| Total functional expenses | $11,193,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,976 |
| Savings and temporary cash investments | $1,994,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $533,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $361,981 |
| Prepaid expenses and deferred charges | $38,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,178,518 |
| Accounts payable and accrued expenses | $1,105,821 |
| 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 | $16,289,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,597 |
| Total liabilities | $17,541,127 |
| 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 | -$1,362,609 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Country Club has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Hp Anderson Sr Private Security Museum Ltd Phoenix, AZ PURPOSE: DONATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
United States Ski Association Park City, UT | $21,124,453 | $32,052,009 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Usa Volleyball Colorado Springs, CO | $34,648,570 | $30,318,456 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |