Sand Point Country Club Inc
- Assets
- $22.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 288
- Location
- Seattle, WA
- Founding
- 05/1940
- Data as of
- 03/2022
- EIN
- 91-0397491
Organization Overview
Sand Point Country Club Inc is located in Seattle, WA. The organization was established in 1940. 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 03/2022, Sand Point Country Club Inc employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sand Point 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 03/2022, Sand Point Country Club Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $9.7m during the year ending 03/2022. While expenses have increased by 4.7% 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLFING - PROVIDES GOLFING FACILITIES FOR THE ENJOYMENT OF CLUB MEMBERS.
RESTAURANT & BAR - PROVIDES A CLUBHOUSE WHERE MEMBERS CAN SOCIALIZE AND ENJOY FOOD AND BEVERAGES.
SWIMMING POOL - PROVIDES A PLACE TO SWIM FOR THE MEMBERS' ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen Westervelt General Manager | 45 | $207,076 | |
Marcus Harness Golf Superintenden | 45 | $164,221 | |
Craig Hunter Head Golf Prof. | 45 | $122,721 | |
Aaron Masanotti Executive Chef | 45 | $106,620 | |
Steve Kelley Treasurer | OfficerTrustee | 3 | $0 |
Tom Budinich President | OfficerTrustee | 7 | $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 | $8,519,430 |
| Investment income | $203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,112 |
| 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 | $951,850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,030,449 |
| 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. | $621,524 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,741,297 |
| Pension plan accruals and contributions | $70,822 |
| Other employee benefits | $441,730 |
| Payroll taxes | $401,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,641 |
| Advertising and promotion | $0 |
| Office expenses | $82,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,732,406 |
| Insurance | $72,093 |
| All other expenses | $864,303 |
| Total functional expenses | $9,658,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,663 |
| Savings and temporary cash investments | $3,056,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,002,128 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,211 |
| Prepaid expenses and deferred charges | $159,181 |
| Net Land, buildings, and equipment | $16,625,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $627,807 |
| Total assets | $22,457,177 |
| Accounts payable and accrued expenses | $1,365,783 |
| Grants payable | $0 |
| Deferred revenue | $559,943 |
| 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 | $3,706,191 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,019 |
| Total liabilities | $5,633,936 |
| Net assets without donor restrictions | $16,819,391 |
| Net assets with donor restrictions | $3,850 |
| 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 | $22,457,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sand Point Country Club Inc Seattle, WA | $22,457,177 | $10,030,449 |
Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
Members Club At Aldarra Sammamish, WA | $18,786,180 | $5,716,279 |
Meridian Valley Country Club Inc Kent, WA | $8,643,385 | $5,751,943 |
Costco Wholesale Employee Club Issaquah, WA | $12,237,798 | $7,934,255 |
Bend Golf & Country Club Bend, OR | $5,177,493 | $4,263,275 |
Samena Club Inc Bellevue, WA | $7,198,660 | $3,998,320 |
Lake Connor Park Inc Lake Stevens, WA | $2,614,581 | $3,287,751 |
Mill Creek Country Club An Association Mill Creek, WA | $6,663,805 | $4,207,043 |
Mercer Island Country Club Mercer Island, WA | $6,268,169 | $3,764,472 |
Lake Merwin Campers Hideaway Amboy, WA | $6,668,263 | $4,804,013 |
Mercer Island Beach Club Mercer Island, WA | $5,095,588 | $2,669,699 |