Sharon Heights Golf & Country Club
- Assets
- $51.8m
- Revenue
- $19.2m
- Investments
- $1.7m
- Employees
- 146
- Location
- Menlo Park, CA
- Founding
- 10/1964
- Data as of
- 03/2022
- EIN
- 94-1528424
Organization Overview
Sharon Heights Golf & Country Club is located in Menlo Park, 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 03/2022, Sharon Heights Golf & Country Club employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon Heights 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 03/2022, Sharon Heights Golf & Country Club generated $19.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $16.0m during the year ending 03/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED AND OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE ORGANIZATION ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL PROGRAMS - SEE PART VIII FOR ADDITIONAL INFORMATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thorsten Loth General Manager | Officer | 40 | $514,214 |
Josh Lewis Golf Course Superintendent (through 10/21) | 40 | $232,874 | |
Stefanie Luna Controller (through 6/21) / CFO (as Of 7/21) | Officer | 40 | $232,167 |
Katie Elgaaen Aquatics Director | 40 | $189,160 | |
Jim Knipp Emeritus Golf Professional (as Of 6/21) | 40 | $187,515 | |
Kathryn Imrie Director Of Member Instruction | 40 | $180,528 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegra Entertainment & Events Events Services | 3/30/22 | $173,231 |
Sullivan Design Studio Design Services | 3/30/22 | $151,512 |
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 | $11,521,824 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,363,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,221,394 |
| 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. | $812,255 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,006,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $460,262 |
| Payroll taxes | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,487,581 |
| Insurance | $0 |
| All other expenses | $2,051,182 |
| Total functional expenses | $15,975,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,678,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,549,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $612,984 |
| Prepaid expenses and deferred charges | $557,269 |
| Net Land, buildings, and equipment | $22,497,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,710,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,228,313 |
| Total assets | $51,835,070 |
| Accounts payable and accrued expenses | $2,747,582 |
| Grants payable | $0 |
| Deferred revenue | $1,205,072 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,048,130 |
| Total liabilities | $22,000,784 |
| Net assets without donor restrictions | $29,834,286 |
| 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 | $51,835,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sharon Heights Golf & Country Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Connie And Bob Lurie Foundation Inc Redwood City, CA PURPOSE: CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
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 |