Useless Bay Golf & Country Club Inc
- Assets
- $6.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 132
- Location
- Langley, WA
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 91-0824779
Organization Overview
Useless Bay Golf & Country Club Inc is located in Langley, WA. The organization was established in 1986. 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 12/2022, Useless Bay Golf & Country Club Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Useless Bay Golf & 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 12/2022, Useless Bay Golf & Country Club Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 10.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL CLUB PROVIDING A GOLF COURSE, RESTAURANT AND BAR, POOL,TENNIS, PICKLEBALL AND BOCCI COURTS FOR ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Mcclain Board Member | OfficerTrustee | 3 | $0 |
Nathan Ware Board Member | OfficerTrustee | 3 | $0 |
Geda Condit Board Member | OfficerTrustee | 3 | $0 |
Dean Olmstead President | Trustee | 15 | $0 |
Edward Sheets Treasurer | OfficerTrustee | 10 | $0 |
Jerry Campo Past Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,063,688 |
| 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 | $3,063,688 |
| Total Program Service Revenue | $647,074 |
| Investment income | $5,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,252 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,748,304 |
| 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 | $1,374,102 |
| Pension plan accruals and contributions | $6,673 |
| Other employee benefits | $135,516 |
| Payroll taxes | $145,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,793 |
| Advertising and promotion | $910 |
| Office expenses | $29,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,725 |
| Insurance | $53,264 |
| All other expenses | $497,437 |
| Total functional expenses | $3,555,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,245 |
| Savings and temporary cash investments | $994,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $186,304 |
| Prepaid expenses and deferred charges | $43,328 |
| Net Land, buildings, and equipment | $3,817,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,612 |
| Other assets | $0 |
| Total assets | $6,576,205 |
| Accounts payable and accrued expenses | $432,813 |
| 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 | $305,788 |
| Secured mortgages and notes payable | $2,096,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,898 |
| Total liabilities | $2,972,317 |
| Net assets without donor restrictions | $0 |
| 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 | $906,374 |
| Retained earnings, endowment, accumulated income, or other funds | $2,697,514 |
| Total liabilities and net assets/fund balances | $6,576,205 |