Peninsula Golf Club Inc
- Assets
- $452.8k
- Revenue
- $721.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Port Angeles, WA
- Founding
- 08/1997
- Data as of
- 01/2022
- EIN
- 91-0361265
Organization Overview
Peninsula Golf Club Inc is located in Port Angeles, WA. The organization was established in 1997. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 01/2022, Peninsula Golf Club Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Golf 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 01/2022, Peninsula Golf Club Inc generated $721.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $636.4k during the year ending 01/2022. 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
SOCIAL AND RECREATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SOCIAL AND RECREATIONAL ACTIVITES FOR 200 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lusk Vice President | Officer | 2 | $0 |
Deborah Jacobs President | Officer | 6 | $0 |
Greg Shield Treasurer | Officer | 2 | $0 |
Todd Negus Director | Trustee | 1 | $0 |
Ward Dunscomb Director | Trustee | 1 | $0 |
Tom Humleker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $411,951 |
| 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 | $411,951 |
| Total Program Service Revenue | $0 |
| Investment income | $239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,731 |
| 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 | $134,954 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $721,154 |
| 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 | $287,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,005 |
| Payroll taxes | $30,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,472 |
| Office expenses | $5,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,340 |
| Insurance | $16,001 |
| All other expenses | $41,520 |
| Total functional expenses | $636,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,624 |
| Savings and temporary cash investments | $131,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,580 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $250,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,776 |
| Accounts payable and accrued expenses | $31,131 |
| Grants payable | $0 |
| Deferred revenue | $2,575 |
| 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 | $0 |
| Total liabilities | $33,706 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $457,302 |
| Retained earnings, endowment, accumulated income, or other funds | -$57,032 |
| Total liabilities and net assets/fund balances | $452,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inglewood Golf Club Kenmore, WA | $15,231,444 | $7,003,359 |
Hillcrest Country Club Inc Boise, ID | $12,228,701 | $5,954,612 |
Pacific Northwest Section Of The Professional Golfers Assn Of Amer Tumwater, WA | $1,570,511 | $2,890,787 |
Washington State Golf Association Tacoma, WA | $7,966,276 | $3,313,504 |
Leavenworth Golf Club Leavenworth, WA | $1,216,969 | $1,328,678 |
Idaho Golf Association Inc Boise, ID | $468,210 | $1,174,464 |
The Childrens Course Inc Gladstone, OR | $5,253,233 | $2,160,091 |
Seattle Jr Golf Foundation Seattle, WA | $2,007,752 | $1,363,163 |
Three Lakes Public Golf Club Inc Wenatchee, WA | $696,763 | $1,172,732 |
First Tee Of South Puget Sound Tacoma, WA | $418,296 | $879,637 |
Peninsula Golf Club Inc Port Angeles, WA | $452,776 | $721,154 |
Washington Junior Golf Association Sumner, WA | $1,026,048 | $591,008 |