Civic Intelligence

Rolling Hills Country Club

990 • Fiscal year 2013 • EIN 95-2425457

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 10, 2014

27000 Palos Verdes Drive East90274

(310) 326-4343

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.10x

Higher debt load relative to assets than 16% of similar nonprofits.

2013 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

16th percentile

0.22x

Higher debt load relative to revenue than 16% of similar nonprofits.

2013 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2013

Net Margin

40th percentile

-0.6%

Higher net margin than 40% of similar nonprofits.

2013 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

53rd percentile

1.0%

Faster asset growth than 53% of similar nonprofits.

2013 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

79th percentile

11%

Faster revenue growth than 79% of similar nonprofits.

2013 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Assets

Up

$17,124,544

Up $165,615 (+1.0%) from 2012

Net Assets

Down

$15,342,625

Down $82,485 (-0.5%) from 2012

Liabilities

Up

$1,781,919

Up $248,100 (+16%) from 2012

Revenue

Up

$8,254,766

Up $827,484 (+11%) from 2012

Expenses

Up

$8,301,510

Up $659,814 (+8.6%) from 2012

Net Income

Up

-$46,744

Up $167,670 (+78%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $17,286,066Liabilities 2010: $1,507,458Net Assets 2010: $15,778,6082010Assets 2011: $17,210,934Liabilities 2011: $1,570,494Net Assets 2011: $15,640,4402011Assets 2012: $16,958,929Liabilities 2012: $1,533,819Net Assets 2012: $15,425,1102012Assets 2013: $17,124,544Liabilities 2013: $1,781,919Net Assets 2013: $15,342,6252013Assets 2014: $18,779,319Liabilities 2014: $1,713,033Net Assets 2014: $17,066,2862014Assets 2015: $50,215,700Liabilities 2015: $1,642,761Net Assets 2015: $48,572,9392015Assets 2016: $55,172,941Liabilities 2016: $5,722,576Net Assets 2016: $49,450,3652016Assets 2017: $73,670,510Liabilities 2017: $23,735,941Net Assets 2017: $49,934,5692017Assets 2018: $73,885,517Liabilities 2018: $25,622,789Net Assets 2018: $48,262,7282018Assets 2019: $72,282,054Liabilities 2019: $26,394,210Net Assets 2019: $45,887,8442019Assets 2020: $70,883,253Liabilities 2020: $26,801,504Net Assets 2020: $44,081,7492020Assets 2021: $71,103,768Liabilities 2021: $24,907,827Net Assets 2021: $46,195,9412021Assets 2022: $69,635,583Liabilities 2022: $23,382,829Net Assets 2022: $46,252,7542022Assets 2023: $68,529,059Liabilities 2023: $22,126,974Net Assets 2023: $46,402,0852023Assets 2024: $66,728,808Liabilities 2024: $21,023,076Net Assets 2024: $45,705,7322024

Highlighted filing

2013

Assets$17,124,544
Liabilities$1,781,919
Net Assets$15,342,625

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $7,188,4222010Expenses 2011: $7,449,2202011Revenue 2012: $7,427,282Expenses 2012: $7,641,696Net Income 2012: -$214,4142012Revenue 2013: $8,254,766Expenses 2013: $8,301,510Net Income 2013: -$46,7442013Revenue 2014: $25,388,423Expenses 2014: $11,554,080Net Income 2014: $13,834,3432014Revenue 2015: $24,726,931Expenses 2015: $6,053,985Net Income 2015: $18,672,9462015Revenue 2016: $4,878,895Expenses 2016: $6,121,378Net Income 2016: -$1,242,4832016Revenue 2017: $6,301,617Expenses 2017: $7,296,902Net Income 2017: -$995,2852017Revenue 2018: $12,852,077Expenses 2018: $14,522,896Net Income 2018: -$1,670,8192018Revenue 2019: $12,970,268Expenses 2019: $15,344,143Net Income 2019: -$2,373,8752019Revenue 2020: $12,705,635Expenses 2020: $14,510,667Net Income 2020: -$1,805,0322020Revenue 2021: $16,906,847Expenses 2021: $14,791,174Net Income 2021: $2,115,6732021Revenue 2022: $17,410,269Expenses 2022: $17,351,898Net Income 2022: $58,3712022Revenue 2023: $18,749,868Expenses 2023: $18,599,222Net Income 2023: $150,6462023Revenue 2024: $19,169,266Expenses 2024: $19,864,106Net Income 2024: -$694,8402024

Highlighted filing

2013

Revenue$8,254,766
Expenses$8,301,510
Net Income-$46,744
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 10, 2014
Return Version
2013v3.1
Gross Receipts
$10,810,964
Mission and Program Overview

Mission

Private golf and country club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,619,410$8,658,862▲ $39,452
Savings and Temporary Cash Investments$6,812,180$6,916,812▲ $104,632
Accounts Receivable$928,493$791,693▼ $136,800
Cash and Non-Interest-Bearing Accounts$298,246$453,168▲ $154,922
Inventories for Sale or Use$234,049$229,091▼ $4,958
Prepaid Expenses and Deferred Charges$66,551$74,918▲ $8,367
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$16,958,929$17,124,544▲ $165,615
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$803,343$630,928▼ $172,415
Deferred Revenue$436,476$451,830▲ $15,354
Other Liabilities$294,000$388,750▲ $94,750
Mortgage Notes Payable Secured by Investment Property-$310,411-
Total Liabilities$1,533,819$1,781,919▲ $248,100
Net Assets / Fund Balance
Unrestricted Net Assets$15,425,110$15,342,625▼ $82,485
Total Net Assets Fund Balance$15,425,110$15,342,625▼ $82,485
Total Liabilities and Net Assets / Fund Balance$16,958,929$17,124,544▲ $165,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,792,535$6,112,844$11,905,379
Buildings$991,936$3,818,784$4,810,720
Equipment$800,680$1,656,811$2,457,491
Land$1,073,711-$1,073,711
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg SullivanGeneral ManagerFT$190,763$37,440$228,203
Robert VaugheyGolf SuperintendenFT$147,908$26,133$174,041
Jason StockDirector of GolfFT$116,162$11,347$127,509
Diane KatzControllerFT$110,501$6,286$116,787

Board Members and Trustees

NameTitle
Bruce SteckelPresident
Cris BennettDirector
James AntrimDirector
James DeutschDirector
Jon SchneiderDirector
Herb Kawahara1st VP
Kurt Gunderlock2nd VP
Alan WozniakSecretary
Aubie GoldenbergTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pipeline Golf MarketingMarketing-$180,478
Cox Castle & Nicholson LLPLegal-$153,440
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,679,850
Investment Income
$85,517
Other Revenue
$1,489,399
Change in Net Assets
$-46,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,212,679
Revenue Not Reported on Financial Statements
$42,087
Revenue Not Reported on Form 990
$1,091,870
Other Revenue Adjustments
$42,087
Total Revenue per Audited Statements
$9,304,549
Total Revenue per Form 990
$8,254,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,395,337
Salaries, Compensation, and Employee Benefits$3,906,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,301,729
All Other Expenses---$1,469,929
Depreciation Depletion---$831,117
Payroll Taxes---$287,824
Other Expenses---$287,692
Current Officers, Directors, Trustees, and Key Employees---$228,203
Occupancy---$157,990
Pension Plan Contributions---$76,822
Insurance---$45,706
Conferences and Meetings---$31,054
Interest---$25,272
Other Employee Benefits---$11,595
Total Functional Expenses$0$0$0$8,301,510

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,387,034
Total Expenses per Form 990$8,301,510
Expenses per Audited Statements$8,259,423
Expenses Not Reported on Form 990$1,127,611
Expenses Not Reported on Financial Statements$42,087
Other Expense Adjustments$42,087
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Deposits$388,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization has members.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Members elect governing body.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Decisions affecting the membership and major threshold transactions include a vote by the members.

Form 990, Part VI, Line 11B: Form 990 Review Process

The club treasurer reviews the tax returns prior to signing and filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

In compliance with the policy, the club requires signed acknowledgement and receipt of required disclosure from officers, directors, committee members, staff members and other certain consultants.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The head of each department decides on compensation for their employees, general manager decides on compensation for head of each department, and executive board make the decision on general manager's compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents made available to membership upon request for a valid purpose. The club does not make such documents available to the public.

Filing and Contact Details

Filer

EIN
95-2425457
Phone
3103264343

Signing Officer

Name
Aubie Goldenberg
Title
Treasurer
Signed
2014-08-10
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
133

Preparer

Preparer
Georgette M Green
Phone
8186375000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

AUTO EXPENSE: Column (A) - Total = $17515; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANDS: Column (A) - Total = $33809; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANK CHARGES: Column (A) - Total = $4088; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CHINA/GLASS/SILVER: Column (A) - Total = $9253; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DECORATIONS: Column (A) - Total = $43952; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DUES & SUBSCRIPTIONS: Column (A) - Total = $11847; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

EMPLOYEE MEALS: Column (A) - Total = $63848; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

EQUIPMENT RENTAL: Column (A) - Total = $83894; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

GOLF COURSE RENOVATION: Column (A) - Total = $20205; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LAUNDRY: Column (A) - Total = $67128; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LEGAL AND AUDITING: Column (A) - Total = $28203; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LICENSE AND TAXES: Column (A) - Total = $9363; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MISCELLANEOUS: Column (A) - Total = $152342; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OUTSIDE SERVICES: Column (A) - Total = $280441; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $14341; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $22984; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PROPERTY TAXES: Column (A) - Total = $130338; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

RANGE EXPENSE: Column (A) - Total = $9409; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SECURITY: Column (A) - Total = $36220; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SIGNS: Column (A) - Total = $1614; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SUPPLIES : Column (A) - Total = $189154; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TAX PROVISION: Column (A) - Total = $31307; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $22863; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TENNIS COURTS: Column (A) - Total = $1604; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TOURNAMENT EXPENSE: Column (A) - Total = $73891; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

UNIFORMS: Column (A) - Total = $9733; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

WORKERS COMPENSATION: Column (A) - Total = $100583; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Decreases

FUEL TAX CREDIT = -$729

Financial Statement Notes

Part X : FIN48 Footnote

The Club is exempt from federal and state taxes on income as a nonprofit corporation under Internal Revenue Service Code Section 501(c)(7) and similar California code provisions. However, the Tax Reform Act of 1969 assesses taxes on unrelated business income. This is generally defined as interest, royalty and rental income, and income from nonmember sources such as food and beverage sales. Income taxes on unrelated business income are provided for in the financial statements.As of December 31, 2013, the Clubs annual tax filings for the prior three years are open for audit by the Internal Revenue Service (IRS) and for the prior four years by the Franchise Tax Board. As a 501(c)(7) organization the Club is limited in the amount of revenue that can be generated from nonmember and investment income. If the Clubs status as a 501(c)(7) organization were challenged by the IRS, the Club feels it would not materially affect the Clubs financial position. The financial statements reflect no adjustment related to uncertainties for income taxes.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of goods sold $1091870

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Income/expense - net $42087

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of goods sold $1091870 fuel tax credit $729 net unrealized losses on investments $35012

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Income/expense - net $42087

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Club is exempt from federal and state taxes on income as a nonprofit corporation under Internal Revenue Service Code Section 501(c)(7) and similar California code provisions. However, the Tax Reform Act of 1969 assesses taxes on unrelated business income. This is generally defined as interest, royalty and rental income, and income from nonmember sources such as food and beverage sales. Income taxes on unrelated business income are provided for in the financial statements.As of December 31, 2013, the Clubs annual tax filings for the prior three years are open for audit by the Internal Revenue Service (IRS) and for the prior four years by the Franchise Tax Board. As a 501(c)(7) organization the Club is limited in the amount of revenue that can be generated from nonmember and investment income. If the Clubs status as a 501(c)(7) organization were challenged by the IRS, the Club feels it would not materially affect the Clubs financial position. The financial statements reflect no adjustment related to uncertainties for income taxes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD $1091870
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INCOME/EXPENSE - NET $42087
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOODS SOLD $1091870 FUEL TAX CREDIT $729 NET UNREALIZED LOSSES ON INVESTMENTS $35012
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INCOME/EXPENSE - NET $42087
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
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IRS990ScheduleD/TotalLiabilityAmt0388750
IRS990ScheduleD/TotalRevenuePerForm990Amt08254766
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$66.7$21.0$45.7$19.2$19.9$0.69
2023Detailed filing. Detailed filing data is available for this year.$68.5$22.1$46.4$18.7$18.6$0.15
2022Detailed filing. Detailed filing data is available for this year.$69.6$23.4$46.3$17.4$17.4$0.06
2021Detailed filing. Detailed filing data is available for this year.$71.1$24.9$46.2$16.9$14.8$2.12
2020Detailed filing. Detailed filing data is available for this year.$70.9$26.8$44.1$12.7$14.5$1.81
2019Detailed filing. Detailed filing data is available for this year.$72.3$26.4$45.9$13.0$15.3$2.37
2018Detailed filing. Detailed filing data is available for this year.$73.9$25.6$48.3$12.9$14.5$1.67
2017Detailed filing. Detailed filing data is available for this year.$73.7$23.7$49.9$6.30$7.30$1.00
2016Detailed filing. Detailed filing data is available for this year.$55.2$5.72$49.5$4.88$6.12$1.24
2015Detailed filing. Detailed filing data is available for this year.$50.2$1.64$48.6$24.7$6.05$18.7
2014Detailed filing. Detailed filing data is available for this year.$18.8$1.71$17.1$25.4$11.6$13.8
2013Detailed filing. Detailed filing data is available for this year.$17.1$1.78$15.3$8.25$8.30$0.05
2012Summary only. Only limited summary data is available for this year.$17.0$1.53$15.4$7.43$7.64$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$1.57$15.6$7.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$1.51$15.8$7.19