Kitsap Golf & Country Club
- Assets
- $2.7m
- Revenue
- $2.4m
- Investments
- $421.1k
- Employees
- 68
- Location
- Bremerton, WA
- Founding
- 06/1959
- Data as of
- 12/2021
- EIN
- 91-0283220
Organization Overview
Kitsap Golf & Country Club is located in Bremerton, WA. The organization was established in 1959. 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 12/2021, Kitsap Golf & Country Club employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitsap Golf & 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 12/2021, Kitsap Golf & Country Club generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE MEMBERS AND GUESTS OF MEMBERS THE OPPORTUNITY TO ENJOY DINING, GOLF, SWIMMING AND SOCIALIZING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE USE - REVENUES AND EXPENSES RELATED TO THE USE OF THE GOLF COURSE AND SWIMMING POOL BY MEMBERS AND GUESTS.
FOOD AND BAR - SALE OF FOOD AND LIQUOR TO MEMBERS AND GUESTS OF MEMBERS AND UNRELATED PARTIES, RECEPTIONS AND MEETINGS HOSTED BY THE MEMBERS AND THE CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Erickson President | OfficerTrustee | 20 | $0 |
Willard Butler Secretary | OfficerTrustee | 2 | $0 |
Chuck Tourville Treasurer | OfficerTrustee | 2 | $0 |
Ed Strafford Vice President | OfficerTrustee | 2 | $0 |
Ron Sisemore Director | Trustee | 2 | $0 |
Hal Lane Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,003,242 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $1,028,242 |
| Total Program Service Revenue | $464,707 |
| Investment income | $13,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $128,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,417,293 |
| 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 | $369,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,863 |
| Payroll taxes | $96,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,072 |
| 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 | $0 |
| Information technology | $21,697 |
| Royalties | $0 |
| Occupancy | $95,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,913 |
| Insurance | $36,053 |
| All other expenses | $221,371 |
| Total functional expenses | $1,353,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050,902 |
| Savings and temporary cash investments | $150,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,112 |
| Prepaid expenses and deferred charges | $17,319 |
| Net Land, buildings, and equipment | $745,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $421,091 |
| Investments—program-related | $0 |
| Intangible assets | $350 |
| Other assets | $0 |
| Total assets | $2,683,609 |
| Accounts payable and accrued expenses | $272,547 |
| Grants payable | $0 |
| Deferred revenue | $12,076 |
| 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 | $167,768 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $452,391 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $309,609 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,921,609 |
| Total liabilities and net assets/fund balances | $2,683,609 |
Endowment Analysis
| Beg. Balance | $101,112 |
| Earnings | $17,035 |
| Admin Expense | $2,010 |
| Net Contributions | $304,954 |
| Ending Balance | $421,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Overlake Golf And Country Club Medina, WA | $29,417,112 | $12,082,027 |
Waverley Country Club Portland, OR | $15,287,232 | $9,034,980 |
Portland Golf Club Portland, OR | $13,576,929 | $9,879,957 |
Broadmoor Golf Club Seattle, WA | $17,865,105 | $8,643,094 |
Seattle Yacht Club Seattle, WA | $30,460,626 | $8,534,744 |
Seattle Tennis Club Seattle, WA | $26,695,930 | $9,613,446 |
Eugene Country Club Eugene, OR | $18,840,181 | $10,610,025 |
Sahalee Country Club Sammamish, WA | $23,374,179 | $8,767,050 |
Glendale Country Club Bellevue, WA | $11,150,711 | $6,731,979 |
Crane Creek Country Club Inc Boise, ID | $12,055,975 | $8,134,386 |
Hayden Lake Country Club Inc Hayden Lake, ID | $13,288,734 | $7,601,397 |