Cold Springs Golf & Country Club
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Placerville, CA
- Founding
- 03/1964
- Data as of
- 12/2023
- EIN
- 94-1512749
Organization Overview
Cold Springs Golf & Country Club is located in Placerville, CA. The organization was established in 1964. 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 12/2023, Cold Springs Golf & Country Club employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cold Springs 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 12/2023, Cold Springs Golf & Country Club generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SITUS FOR MEMBERS TO ENJOY THEIR CLUB BY AND BETWEEN THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO THE MEMBERS' USE AND ENJOYMENT OF THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Hasemeier Pres | Trustee | 6 | $0 |
M Parsons VP | OfficerTrustee | 2 | $0 |
T Hazlett Sec | OfficerTrustee | 2 | $0 |
C Caldwell Treas. | Trustee | 8 | $0 |
E Slack Dir | OfficerTrustee | 2 | $0 |
L Vernon Dir | Trustee | 2 | $0 |
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 | $2,095,110 |
| Investment income | $2,580 |
| 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 | -$406,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,691,421 |
| 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 | $640,723 |
| Pension plan accruals and contributions | $7,551 |
| Other employee benefits | $93,045 |
| Payroll taxes | $61,092 |
| 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 | $91,373 |
| Advertising and promotion | $0 |
| Office expenses | $2,233 |
| Information technology | $36,995 |
| Royalties | $0 |
| Occupancy | $144,323 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,700 |
| Insurance | $53,125 |
| All other expenses | -$78,432 |
| Total functional expenses | $1,447,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,924 |
| Prepaid expenses and deferred charges | $6,321 |
| Net Land, buildings, and equipment | $2,152,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,832,841 |
| Accounts payable and accrued expenses | $130,615 |
| Grants payable | $0 |
| Deferred revenue | $31,425 |
| 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 | $1,215,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,377,617 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,455,224 |
| Total liabilities and net assets/fund balances | $2,832,841 |