Portland Golf Club
- Assets
- $13.6m
- Revenue
- $9.9m
- Investments
- $781.3k
- Employees
- 208
- Location
- Portland, OR
- Founding
- 03/1935
- Data as of
- 12/2021
- EIN
- 93-0256880
Organization Overview
Portland Golf Club is located in Portland, OR. The organization was established in 1935. 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, Portland Golf Club employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Golf 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, Portland Golf Club generated $9.9m 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 $8.1m during the year ending 12/2021. While expenses have increased by 1.2% 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
ENTITY IS A SOCIAL CLUB ORGANIZED FOR EXEMPT PURPOSES UNDER IRC SECTION 501(C)(7).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES FACILITIES FOR MEMBERSHIP, CONSISTENT WITH THE STATED GOALS AND OBJECTIVES OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Lister General Manager | Officer | 40 | $241,840 |
Tim Hval Head Golf Pro | 40 | $182,652 | |
Jason Dorn Golf Course Superintendent | 40 | $151,426 | |
David Lebeck Assistant Golf Pro | 40 | $139,697 | |
James Warren Membership Director | 40 | $133,141 | |
Karen Mcconkey Controller | 40 | $109,646 |
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 | $8,474,989 |
| Investment income | $5,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,430,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,879,957 |
| 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. | $251,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,180,494 |
| Pension plan accruals and contributions | $101,780 |
| Other employee benefits | $358,712 |
| Payroll taxes | $442,591 |
| 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 | $216,607 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $273,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $817,318 |
| Insurance | $149,991 |
| All other expenses | $348,816 |
| Total functional expenses | $8,080,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,546 |
| Savings and temporary cash investments | $2,241,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $287,994 |
| Prepaid expenses and deferred charges | $317,650 |
| Net Land, buildings, and equipment | $9,412,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $781,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,576,929 |
| Accounts payable and accrued expenses | $693,977 |
| Grants payable | $0 |
| Deferred revenue | $151,982 |
| 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 | $280,681 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $185,722 |
| Total liabilities | $1,312,362 |
| Net assets without donor restrictions | $12,264,567 |
| 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 | $13,576,929 |
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