Victoria Club
- Assets
- $7.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 129
- Location
- Riverside, CA
- Founding
- 04/1946
- Data as of
- 09/2021
- EIN
- 95-1335100
Organization Overview
Victoria Club is located in Riverside, CA. The organization was established in 1946. 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 09/2021, Victoria Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Victoria Club generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NONPROFIT CORPORATION ORGANIZED FOR THE PRIMARY PURPOSE OF OPERATING AND MAINTAINING A GOLF COURSE, TENNIS COURTS, SWIMMING POOL AND CLUBHOUSE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NON PROFIT CORPORATION ORGANIZED FOR THE PRIMARY PURPOSE OF OPERATING AND MAINTAINING A GOLF COURSE, TENNIS COURTS, SWIMMING POOL, AND CLUBHOUSE EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henri Schiller General Manager | 40 | $135,479 | |
Joseph Wagner Golf Course Super | 40 | $119,589 | |
William Cross Golf Professional | 40 | $103,498 | |
Marci Lancaster Jaeger Vice President | OfficerTrustee | 1 | $0 |
Barry Meier President | OfficerTrustee | 1 | $0 |
Linda Boecker Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valley Crest Golf Course Maintenance Golf Course Maintenance | 9/29/15 | $1,070,904 |
Employment Solutions Contract Employees | 9/29/15 | $255,036 |
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 | $4,344,367 |
| Investment income | $1,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,410 |
| 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 | $295,093 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,646,161 |
| 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. | $135,479 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,007,452 |
| Pension plan accruals and contributions | $52,483 |
| Other employee benefits | $214,678 |
| Payroll taxes | $124,313 |
| 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 | $48,340 |
| 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 | $31,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $665,704 |
| Insurance | $113,946 |
| All other expenses | $509,572 |
| Total functional expenses | $4,069,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,255 |
| Savings and temporary cash investments | $882,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $212,163 |
| Inventories for sale or use | $185,592 |
| Prepaid expenses and deferred charges | $76,912 |
| Net Land, buildings, and equipment | $5,246,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,581 |
| Total assets | $7,869,425 |
| Accounts payable and accrued expenses | $477,239 |
| Grants payable | $0 |
| Deferred revenue | $94,312 |
| 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 | $394,674 |
| Unsecured mortgages and notes payable | $134,016 |
| Other liabilities | $0 |
| Total liabilities | $1,100,241 |
| Net assets without donor restrictions | $6,679,020 |
| Net assets with donor restrictions | $90,164 |
| 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 | $7,869,425 |
Peer Organizations
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|---|---|---|
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 |