Terravita Country Club Inc
- Assets
- $17.6m
- Revenue
- $5.2m
- Investments
- $1.6m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 05/2003
- Data as of
- 04/2022
- EIN
- 86-0912115
Organization Overview
Terravita Country Club Inc is located in Scottsdale, AZ. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Terravita Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2022, Terravita Country Club Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.9m during the year ending 04/2022. While expenses have increased by 4.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL & RECREATIONAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL & RECREATIONAL ACTIVITIES TO APPROXIMATELY 1,380 MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Augustin President | OfficerTrustee | 3 | $0 |
Richele Soja Vice President | OfficerTrustee | 2 | $0 |
Sue Mathys Treasurer | OfficerTrustee | 3 | $0 |
Peter Mcfadden Secretary | OfficerTrustee | 2 | $0 |
Gary Gemoll Director | Trustee | 2 | $0 |
Michael Gass Director | Trustee | 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 | $4,226,596 |
| Investment income | $715 |
| 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 | $679,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,225,595 |
| 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 | $2,026,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $217,825 |
| Payroll taxes | $192,082 |
| Fees for services: Management | $137,119 |
| Fees for services: Legal | $2,577 |
| Fees for services: Accounting | $30,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,196 |
| Office expenses | $15,039 |
| Information technology | $60,467 |
| Royalties | $0 |
| Occupancy | $54,192 |
| Travel | $1,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $870,860 |
| Insurance | $69,460 |
| All other expenses | $474,703 |
| Total functional expenses | $4,932,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,484 |
| Savings and temporary cash investments | $1,335,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $577,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,130 |
| Prepaid expenses and deferred charges | $36,293 |
| Net Land, buildings, and equipment | $13,199,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,603,029 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,371 |
| Total assets | $17,616,729 |
| Accounts payable and accrued expenses | $389,489 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,943,425 |
| Total liabilities | $4,332,914 |
| Net assets without donor restrictions | $10,417,752 |
| Net assets with donor restrictions | $2,866,063 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $17,616,729 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Brewers Association Inc Boulder, CO | $36,725,546 | $18,925,110 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |