Wilshire Country Club
- Assets
- $30.5m
- Revenue
- $19.9m
- Investments
- $717.2k
- Employees
- 140
- Location
- Los Angeles, CA
- Founding
- 09/1934
- Data as of
- 01/2024
- EIN
- 95-1378850
Organization Overview
Wilshire Country Club is located in Los Angeles, CA. The organization was established in 1934. 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 01/2024, Wilshire Country Club employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilshire 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 01/2024, Wilshire Country Club generated $19.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $10.9m during the year ending 01/2024. While expenses have increased by 1.0% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FURTHER THE GAME OF GOLF AND TO PROVIDE PLEASURE, RECREATION, AND SOCIAL BENEFIT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford Hughes President | OfficerTrustee | 4 | $0 |
Drew Buckley Vice President | OfficerTrustee | 4 | $0 |
Duane Lyons Secretary | OfficerTrustee | 4 | $0 |
Thomas Weissenborn Treasurer | OfficerTrustee | 4 | $0 |
Jay Ackerman Director | Trustee | 4 | $0 |
Robin Carr Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vesta Foodservice Food Products | 1/30/24 | $311,609 |
Harrell's Llc Fertilizer & Chemicals | 1/30/24 | $187,160 |
Enhanced Landscape Management Llc Landscaping | 1/30/24 | $106,838 |
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 | $19,338,727 |
| Investment income | $67,903 |
| 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 | $459,397 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,866,027 |
| 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. | $361,439 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,714,307 |
| Pension plan accruals and contributions | $115,684 |
| Other employee benefits | $630,938 |
| Payroll taxes | $316,433 |
| 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 | $44,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,519,681 |
| Insurance | $134,292 |
| All other expenses | $1,680,300 |
| Total functional expenses | $10,906,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,302,520 |
| Savings and temporary cash investments | $3,787,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $407,400 |
| Prepaid expenses and deferred charges | $800,652 |
| Net Land, buildings, and equipment | $16,218,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $717,183 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,966,825 |
| Total assets | $30,532,815 |
| Accounts payable and accrued expenses | $1,897,077 |
| 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 | $650,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $784,305 |
| Total liabilities | $3,332,041 |
| Net assets without donor restrictions | $27,200,774 |
| 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 | $30,532,815 |