Meridian Valley Country Club Inc
- Assets
- $8.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 127
- Location
- Kent, WA
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 91-0792836
Organization Overview
Meridian Valley Country Club Inc is located in Kent, WA. The organization was established in 1968. 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 12/2021, Meridian Valley Country Club Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian Valley 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 12/2021, Meridian Valley Country Club Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GOLF & SOCIAL ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE, PRO SHOP, GOLF CARTS, LOCKER ROOM AND CLUBHOUSE FACILITIES ARE FOR THE USE OF AND ENJOYMENT OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Manley General Manager | Officer | 40 | $209,842 |
Craig Benson Course Superintendent | Officer | 40 | $166,254 |
Adrian Gaidjiergis Director Of Club Operations | 40 | $100,092 | |
Darren Harris Vice President | OfficerTrustee | 1 | $0 |
Darrell Donovan President | OfficerTrustee | 1 | $0 |
Rob Talafous Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,821 |
| 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 | $466,821 |
| Total Program Service Revenue | $4,162,111 |
| Investment income | $0 |
| 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 | $1,075,678 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,751,943 |
| 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. | $420,307 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,116,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,062 |
| Payroll taxes | $240,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,546 |
| Fees for services: Accounting | $12,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,046 |
| Office expenses | $99,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $317,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,158 |
| Insurance | $51,504 |
| All other expenses | $195,597 |
| Total functional expenses | $4,429,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,339,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $956,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,104 |
| Prepaid expenses and deferred charges | $193,899 |
| Net Land, buildings, and equipment | $5,985,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,643,385 |
| Accounts payable and accrued expenses | $583,293 |
| Grants payable | $0 |
| Deferred revenue | $478,846 |
| 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 | $3,549,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,611,620 |
| Net assets without donor restrictions | $4,031,765 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,643,385 |
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 |