Menlo Country Club
- Assets
- $63.2m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 152
- Location
- Woodside, CA
- Founding
- 02/1936
- Data as of
- 01/2022
- EIN
- 94-0674870
Organization Overview
Menlo Country Club is located in Woodside, CA. The organization was established in 1936. 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 01/2022, Menlo Country Club employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo 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 01/2022, Menlo Country Club generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $8.3m during the year ending 01/2022. 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
TO PROMOTE THE BENEFIT, PLEASURE, AND RECREATION OF MEMBERS BY OWNING, OPERATING, AND MANAGING A NON-PROFIT GOLF AND SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gonzalez General Manager | 40 | $305,056 | |
Christoper Eckstrom Superintendent | 40 | $231,729 | |
Robert Poole Pga Golf Pro | 40 | $206,709 | |
Scott Doran Executive Chef | 40 | $161,627 | |
James Shafer Clubhouse Manager | 40 | $149,104 | |
John Ballard Controller | 40 | $126,782 |
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 | $13,283,258 |
| Investment income | $17,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$185,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$518,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,597,523 |
| 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. | $336,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,038,841 |
| Pension plan accruals and contributions | $44,796 |
| Other employee benefits | $485,160 |
| Payroll taxes | $237,843 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,171,241 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,191,350 |
| Insurance | $0 |
| All other expenses | $1,179,547 |
| Total functional expenses | $8,269,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,096,438 |
| Savings and temporary cash investments | $1,739,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $377,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $242,258 |
| Prepaid expenses and deferred charges | $246,312 |
| Net Land, buildings, and equipment | $55,523,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,226,058 |
| Accounts payable and accrued expenses | $4,417,676 |
| Grants payable | $0 |
| Deferred revenue | $5,376 |
| 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 | $13,966,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $574,668 |
| Total liabilities | $18,964,363 |
| Net assets without donor restrictions | $44,261,695 |
| 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 | $63,226,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |