Peninsula Golf & Country Club
- Assets
- $37.0m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 243
- Location
- San Mateo, CA
- Founding
- 06/1950
- Data as of
- 12/2021
- EIN
- 94-0318810
Organization Overview
Peninsula Golf & Country Club is located in San Mateo, CA. The organization was established in 1950. 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, Peninsula Golf & Country Club employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Golf & Country 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, Peninsula Golf & Country Club generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $14.4m during the year ending 12/2021. While expenses have increased by 3.5% 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 SOCIAL AND RECREATIONAL PROGRAMS TO CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS TO CLUB MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Stambaugh General Manager | Officer | 40 | $362,722 |
Nimrod Saludo Director Of Tennis | 40 | $213,316 | |
Thomas Toschi Director Of Golf | Officer | 40 | $210,005 |
Joe Budinich Golf Course Superintendent | 40 | $201,264 | |
Kevin Wentworth Clubhouse Manager | 40 | $173,970 | |
Matthew Azevedo Executive Chef | 40 | $161,116 |
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 | $10,207,980 |
| Investment income | $75,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,526,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,194,396 |
| 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. | $629,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,780,456 |
| Pension plan accruals and contributions | $191,541 |
| Other employee benefits | $1,371,506 |
| Payroll taxes | $496,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,675 |
| Fees for services: Accounting | $48,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,248 |
| Office expenses | $45,654 |
| Information technology | $127,358 |
| Royalties | $0 |
| Occupancy | $877,359 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $545,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,730,597 |
| Insurance | $139,360 |
| All other expenses | $576,530 |
| Total functional expenses | $14,426,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,664 |
| Savings and temporary cash investments | $5,906,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,471,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $920,907 |
| Inventories for sale or use | $189,070 |
| Prepaid expenses and deferred charges | $249,753 |
| Net Land, buildings, and equipment | $27,452,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $812,420 |
| Total assets | $37,014,286 |
| Accounts payable and accrued expenses | $2,134,446 |
| 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 | $0 |
| Secured mortgages and notes payable | $12,482,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $927,462 |
| Total liabilities | $15,544,112 |
| Net assets without donor restrictions | $21,470,174 |
| 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 | $37,014,286 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peninsula Golf & Country Club has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Piedemonte Charitable Tr 020497 San Mateo, CA PURPOSE: COVID-19 RELIEF FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |