Water Buffalo Club Inc
- Assets
- $538.4k
- Revenue
- $747.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 95-4250320
Organization Overview
Water Buffalo Club Inc is located in Los Angeles, CA. The organization was established in 1990. 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. Water Buffalo Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Water Buffalo Club Inc generated $747.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $791.7k during the year ending 12/2021. While expenses have increased by 6.9% 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.
Since 2014, Water Buffalo Club Inc has awarded 116 individual grants totaling $2,210,762. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WBC IS A CHARITABLE ORGANIZATION DEDICATED TO FOSTERING THE WELL BEING OF UNDERSERVED AND AT-RISK CHILDREN IN LOS ANGELES THROUGH ITS MEMBERS' COMMITMENT OF THEIR TIME AND FINANCIAL RESOURCES. THE WBC DIRECTLY IMPACTS SMALLER CHARITIES BY PROVIDING GRANTS, HOSTING EVENTS AND SUPPORTING YOUTH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO SMALLER 501(C)3 ORGANIZATIONS IN THE COUNTY OF LOS ANGELES. THESE GRANTS ARE TARGETED FOR THE PURCHASE OF CAPITAL ITEMS THAT HAVE A REPETITIVE AND USEFUL LIFE OVER MULTIPLE YEARS.
ANNUAL THANKSGIVING BASKET DINNER GIVE-AWAY, WHERE THE WBC DISTRIBUTES MEALS TO HUNDREDS OF NEEDY FAMILIES IN LOS ANGELES. EACH BASKET FEEDS UP TO 10 PEOPLE, PROVIDING THOUSANDS OF PEOPLE A HOLIDAY MEAL.
HOSTING FIELD TRIPS FOR KIDS IN LOS ANGELES: ANNUAL PILGRIMAGES TO THE SANTA MONICA PIER FOR OUR "CHRISTMAS IN MAY" EVENT, THE WBC'S "REACH FOR THE STARS" AT THE GRIFFITH OBSERVATORY, A HOLIDAY MOVIE SCREENING IN DECEMBER, AND TRIPS TO DODGERS, LAKERS AND CLIPPERS GAMES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate M Zarouk Executive Director | Officer | 40 | $94,167 |
John Saunders President | OfficerTrustee | 10 | $0 |
Russ Richker Vice President | OfficerTrustee | 5 | $0 |
Bill Eicher Secretary | OfficerTrustee | 2 | $0 |
Vincent Calcagno Past President | OfficerTrustee | 0 | $0 |
Bruce Mandel Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,164 |
| Membership dues | $194,544 |
| Fundraising events | $3,400 |
| Related organizations | $0 |
| Government grants | $35,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,111 |
| Total Program Service Revenue | $182,484 |
| Investment income | $788 |
| 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 | $77,415 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $747,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $378,767 |
| 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. | $94,167 |
| Compensation of current officers, directors, key employees. | $56,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,627 |
| Payroll taxes | $7,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,571 |
| Advertising and promotion | $0 |
| Office expenses | $18,179 |
| Information technology | $4,347 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $1,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,492 |
| All other expenses | $149 |
| Total functional expenses | $791,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,169 |
| Savings and temporary cash investments | $153,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $538,395 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,195 |
| Total liabilities | $13,195 |
| 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 | $525,200 |
| Total liabilities and net assets/fund balances | $538,395 |
Grants Awarded
Over the last fiscal year, Water Buffalo Club Inc has awarded $348,473 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: COVID-19 ASSISTANCE | $45,100 |
Gardena, CA PURPOSE: SUPPORT FALCONS YOUTH AND FAMILY SERVICES | $34,000 |
Los Angeles, CA PURPOSE: SUPPORT BACK TO SCHOOL EVENT | $30,000 |
Los Angeles, CA PURPOSE: SUPPORT PARK WESTERN PI ELEMENTARY | $28,960 |
Inglewood, CA PURPOSE: PURCHASE VAN | $25,000 |
Tarpon Springs, FL PURPOSE: ASSIST UNDERSERVED CHILDREN | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Water Buffalo Club Inc has recieved totaling $103,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $77,500 |
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA PURPOSE: general support | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desert Mountain Club Inc Scottsdale, AZ | $166,271,047 | $90,760,793 |
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |