Palisades Beach Club
- Assets
- $290.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 04/1934
- Data as of
- 05/2024
- EIN
- 95-2253998
Organization Overview
Palisades Beach Club is located in Santa Monica, CA. The organization was established in 1934. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palisades Beach Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Palisades Beach Club generated $97.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $89.2k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Miller Vice President | 1 | $0 | |
David Zaro President | 2 | $0 | |
Yvonne Zaro Treasurer | 2 | $0 | |
Becky Smith Secretary | 1 | $0 | |
Suzy Mork Social Chairman | 1 | $0 | |
Laura O'connor Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $97,760 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,760 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,956 |
| Professional fees and other payments to independent contractors | $9,224 |
| Occupancy, rent, utilities, and maintenance | $30,961 |
| Printing, publications, postage, and shipping | $299 |
| Other expenses | $6,740 |
| Total expenses | $89,180 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,192 |
| Other assets | $0 |
| Total assets | $290,035 |
| Total liabilities | $0 |
| Net assets or fund balances | $290,035 |