Civic Intelligence

The Palms Golf Club

EIN 33-0775273 • 501(c)7 • LA Quinta, CA

Profile

Organization of private golf club.

57000 Palms DriveLA Quinta, CA 92253
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.38x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.57x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

63rd percentile

8.7%

Higher net margin than 63% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

5.2%

Faster asset growth than 62% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

75th percentile

13%

Faster revenue growth than 75% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$9,589,451

Up $763,155 (+8.6%) from 2023

Liabilities

Up

$3,633,023

Up $208,575 (+6.1%) from 2023

Net Assets

Up

$5,956,428

Up $554,580 (+10%) from 2023

Revenue

Up

$6,361,413

Up $1,581,353 (+33%) from 2023

Expenses

Down

$5,806,835

Down $642,846 (-10.0%) from 2023

Net Income

Up

$554,578

Up $2,224,199 (+133%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2021: $9,446,097Liabilities 2021: $1,836,274Net Assets 2021: $7,609,8232021Assets 2022: $8,665,345Liabilities 2022: $1,593,876Net Assets 2022: $7,071,4692022Assets 2023: $8,826,296Liabilities 2023: $3,424,448Net Assets 2023: $5,401,8482023Assets 2024: $9,589,451Liabilities 2024: $3,633,023Net Assets 2024: $5,956,4282024

Highlighted filing

2024

Assets$9,589,451
Liabilities$3,633,023
Net Assets$5,956,428

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2021: $4,820,221Expenses 2021: $4,551,442Net Income 2021: $268,7792021Revenue 2022: $5,011,843Expenses 2022: $5,522,145Net Income 2022: -$510,3022022Revenue 2023: $4,780,060Expenses 2023: $6,449,681Net Income 2023: -$1,669,6212023Revenue 2024: $6,361,413Expenses 2024: $5,806,835Net Income 2024: $554,5782024

Highlighted filing

2024

Revenue$6,361,413
Expenses$5,806,835
Net Income$554,578

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 30, 2025
Return Version
2023v6.0
Gross Receipts
$6,384,335
Mission and Program Overview

Mission

Organization of private golf club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,981,330$7,345,127▲ $363,797
Cash and Non-Interest-Bearing Accounts$1,165,172$1,839,408▲ $674,236
Accounts Receivable$398,557$261,226▼ $137,331
Inventories for Sale or Use$190,300$71,173▼ $119,127
Prepaid Expenses and Deferred Charges$54,345$60,953▲ $6,608
Total Assets$8,826,296$9,589,451▲ $763,155
Other Assets Total$36,592$11,564▼ $25,028
Liabilities
Other Liabilities$1,930,459$2,069,622▲ $139,163
Deferred Revenue$1,371,417$1,483,267▲ $111,850
Accounts Payable and Accrued Expenses$122,572$80,134▼ $42,438
Total Liabilities$3,424,448$3,633,023▲ $208,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,401,848$5,956,428▲ $554,580
Total Net Assets Fund Balance$5,401,848$5,956,428▲ $554,580
Total Liabilities and Net Assets / Fund Balance$8,826,296$9,589,451▲ $763,155

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,897,412$3,082,604$4,980,016
Equipment$2,255,073$1,609,242$3,864,315
Land$2,621,742-$2,621,742
Buildings$329,397$1,750,748$2,080,145
Other Land Buildings$156,085$401,549$557,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rigoberto RegaladoCourse MaintFT$163,858$163,858
Rigoberto RegaladoCourse Maint Super-$163,858$163,858
Frank HeinenCEOFT$93,462$93,462

Board Members and Trustees

NameTitle
Jeff StraussBoard Member
Mark SheehanBoard Member
Shawn BoydBoard Member
Olynn Roach JrBoard Presid
Eddie FadelSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Coachella Valley CateringCatering Srvcs57000 PALMS DRIVE, La Quinta, CA 92253$373,520
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,274,957
Investment Income
$53,040
Other Revenue
$33,416
Change in Net Assets
$554,578

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,361,413
Revenue Not Reported on Form 990
$-54,136
Total Revenue per Audited Statements
$6,307,277
Total Revenue per Form 990
$6,361,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,515,580
Salaries, Compensation, and Employee Benefits$2,291,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,721,839
Depreciation Depletion---$548,970
Other Employee Benefits---$353,216
Fees for Services Legal---$160,623
All Other Expenses---$155,248
Payroll Taxes---$153,431
Interest---$142,276
Other Expenses---$120,000
Insurance---$90,440
Current Officers, Directors, Trustees, and Key Employees---$62,769
Office Expenses---$55,332
Fees for Services Accounting---$24,080
Total Functional Expenses$0$0$0$5,806,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,806,835
Total Expenses per Form 990$5,806,835
Total Expenses per Audited Statements$5,752,699
Expenses Not Reported on Form 990$-54,136
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease$1,343,608
Note Payable$342,453
Other Payables$251,997
Accrued Settlement$120,000
Operating Lease$11,564
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

Effective january 1, 2024, the club adopted new bylaws which included changes to the membership structure and categories (see note 5). Under these new bylaws, no members shall have rights to refundable membership equity or refundable capital fees previously paid to the club. Additionally, no members shall be able to sell or transfer their existing membership to another party. As of january 1, 2024, there shall be no more than a combined total of 390 founding members, regent members, and regular members at any time. Honorary founding members are limited to thirteen members and are excluded from the combined maximum number of memberships. However, the board shall determine the exact number of members in each classification and the actual number of members which constitute the organization of the club at any given time. No new founding memberships or regent memberships shall be sold, issued created, or transferred after january 1, 2024. As of the september 30, 2024, the membership categories allowed are as follows: member type 2024 regular 324 regent 50 founders 16 subtotal 390 additionally, up to six junior golfers and one designated persons per member may be granted affiliate privileges. The maximum number of designated persons is determined annually by the board of directors.

Form 990, Page 6, Part VI, Line 6

Organization has members or stockholders.

Form 990, Page 6, Part VI, Line 11B

No review process will be conducted.

Form 990, Page 6, Part VI, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Palms Golf Club
EIN
33-0775273
Phone
7607712606
Address
57000 PALMS DRIVE, LA QUINTA, CA 92253

Signing Officer

Name
Olynn Roach Jr
Title
Board President
Phone
7607712606
Signed
2025-07-30

Organization Details

Principal Officer
Olynn Roach Jr
Formed
1997
Voting Board Members
5
Independent Board Members
5
Employees
45
Volunteers
5

Preparer

Firm
Coachella Valley Accounting & Auditing
Address
43675 ALBA CT, LA QUINTA, CA 92253
Preparer
Andrea L Oliveri
Phone
4423250089
Supplemental Narrative

Additional Explanations

Form 990, Part X

During the year ended september 30, 2024 a legal claim was filed against the club by a former employee. The club has reached a settlement with the employee to pay 120,000. The settlement amount has been accrued for and is included on the statement of financial position as of september 30, 2024. This amount was subsequently paid in november 2024. During the year ended september 30, 2023 a legal claim was filed against the club related to paycheck protection program (ppp) funding received in prior years. The club has reached a settlement with the u.s. Attorneys office to pay approximately 700,000 plus attorneys fees. The settlement amount has been accrued for and included on the statement of financial position as of september 30, 2023. The settlement was paid in full during the year ended september 30, 2024.

Form 990, Part XI, Line 9

Revenues in expenses -77,057 expenses in revenues 22,921 revenues in expenses 77,057 expenses in revenue -22,921

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Revenues in expenses -77,057 expenses in revenues 22,921

Schedule D, Page 4, Part XII, Line 2D

Revenues in expenses -77,057 expenses in revenue 22,921

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01750748
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02080145
IRS990ScheduleD/EquipmentGrp/BookValueAmt02255073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01609242
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03864315
IRS990ScheduleD/ExpensesNotReportedAmt0-54136
IRS990ScheduleD/ExpensesSubtotalAmt05806835
IRS990ScheduleD/LandGrp/BookValueAmt02621742
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02621742
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01897412
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03082604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04980016
IRS990ScheduleD/OtherExpensesIncludedAmt0-54136
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0156085
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0401549
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0557634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01343608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1342453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2251997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3120000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt411564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FINANCE LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED SETTLEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPERATING LEASE
IRS990ScheduleD/OtherRevenueAmt0-54136
IRS990ScheduleD/RevenueNotReportedAmt0-54136
IRS990ScheduleD/RevenueSubtotalAmt06361413
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUES 22,921
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUE 22,921
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt05806835
IRS990ScheduleD/TotalLiabilityAmt02069622
IRS990ScheduleD/TotalRevenuePerForm990Amt06361413
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06307277
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COURSE MAINT SUPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163858
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JANUARY 1, 2024, THE CLUB ADOPTED NEW BYLAWS WHICH INCLUDED CHANGES TO THE MEMBERSHIP STRUCTURE AND CATEGORIES (SEE NOTE 5). UNDER THESE NEW BYLAWS, NO MEMBERS SHALL HAVE RIGHTS TO REFUNDABLE MEMBERSHIP EQUITY OR REFUNDABLE CAPITAL FEES PREVIOUSLY PAID TO THE CLUB. ADDITIONALLY, NO MEMBERS SHALL BE ABLE TO SELL OR TRANSFER THEIR EXISTING MEMBERSHIP TO ANOTHER PARTY. AS OF JANUARY 1, 2024, THERE SHALL BE NO MORE THAN A COMBINED TOTAL OF 390 FOUNDING MEMBERS, REGENT MEMBERS, AND REGULAR MEMBERS AT ANY TIME. HONORARY FOUNDING MEMBERS ARE LIMITED TO THIRTEEN MEMBERS AND ARE EXCLUDED FROM THE COMBINED MAXIMUM NUMBER OF MEMBERSHIPS. HOWEVER, THE BOARD SHALL DETERMINE THE EXACT NUMBER OF MEMBERS IN EACH CLASSIFICATION AND THE ACTUAL NUMBER OF MEMBERS WHICH CONSTITUTE THE ORGANIZATION OF THE CLUB AT ANY GIVEN TIME. NO NEW FOUNDING MEMBERSHIPS OR REGENT MEMBERSHIPS SHALL BE SOLD, ISSUED CREATED, OR TRANSFERRED AFTER JANUARY 1, 2024. AS OF THE SEPTEMBER 30, 2024, THE MEMBERSHIP CATEGORIES ALLOWED ARE AS FOLLOWS: MEMBER TYPE 2024 REGULAR 324 REGENT 50 FOUNDERS 16 SUBTOTAL 390 ADDITIONALLY, UP TO SIX JUNIOR GOLFERS AND ONE DESIGNATED PERSONS PER MEMBER MAY BE GRANTED AFFILIATE PRIVILEGES. THE MAXIMUM NUMBER OF DESIGNATED PERSONS IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS OR STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW PROCESS WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING THE YEAR ENDED SEPTEMBER 30, 2024 A LEGAL CLAIM WAS FILED AGAINST THE CLUB BY A FORMER EMPLOYEE. THE CLUB HAS REACHED A SETTLEMENT WITH THE EMPLOYEE TO PAY 120,000. THE SETTLEMENT AMOUNT HAS BEEN ACCRUED FOR AND IS INCLUDED ON THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2024. THIS AMOUNT WAS SUBSEQUENTLY PAID IN NOVEMBER 2024. DURING THE YEAR ENDED SEPTEMBER 30, 2023 A LEGAL CLAIM WAS FILED AGAINST THE CLUB RELATED TO PAYCHECK PROTECTION PROGRAM (PPP) FUNDING RECEIVED IN PRIOR YEARS. THE CLUB HAS REACHED A SETTLEMENT WITH THE U.S. ATTORNEYS OFFICE TO PAY APPROXIMATELY 700,000 PLUS ATTORNEYS FEES. THE SETTLEMENT AMOUNT HAS BEEN ACCRUED FOR AND INCLUDED ON THE STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2023. THE SETTLEMENT WAS PAID IN FULL DURING THE YEAR ENDED SEPTEMBER 30, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVENUES IN EXPENSES -77,057 EXPENSES IN REVENUES 22,921 REVENUES IN EXPENSES 77,057 EXPENSES IN REVENUE -22,921
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt05806835
IRS990/TotalGrossUBIAmt043585
IRS990/TotalLiabilitiesBOYAmt03424448
IRS990/TotalLiabilitiesEOYAmt03633023
IRS990/TotalLiabilitiesGrp/BOYAmt03424448
IRS990/TotalLiabilitiesGrp/EOYAmt03633023
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05956428
IRS990/TotalProgramServiceExpensesAmt05806835
IRS990/TotalProgramServiceRevenueAmt06274957
IRS990/TotalReportableCompFromOrgAmt0257320
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06317828
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06361413
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt043585
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IRS990/USAddress/AddressLine1Txt057000 PALMS DRIVE
IRS990/USAddress/CityNm0LA QUINTA
IRS990/USAddress/StateAbbreviationCd0CA
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0OLYNN ROACH JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07607712606
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PALMS GOLF CLUB
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0330775273
ReturnHeader/Filer/PhoneNum07607712606
ReturnHeader/Filer/USAddress/AddressLine1Txt057000 PALMS DRIVE
ReturnHeader/Filer/USAddress/CityNm0LA QUINTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COACHELLA VALLEY ACCOUNTING & AUDITING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043675 ALBA CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA QUINTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092253
ReturnHeader/PreparerPersonGrp/PhoneNum04423250089
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREA L OLIVERI
ReturnHeader/ReturnTs02025-07-30T16:37:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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