The Palms Golf Club Inc

Palms Golf Club

La Quinta, CA
EIN: 33-0775273

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Revenue

$4.78M (2023)

Expenses

$6.45M (2023)

Total Assets

$8.83M (2023)

Total Liabilities

$3.42M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Revenue

$4,780,060

Expenses

$6,449,681

Net Income

-$1,669,621

Net Assets

$5,401,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,781,938	> 100%
Investment Income	$574	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,715	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$11,344
Other Revenue	$6,177	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$192,814	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,642,983	25.5%

Assets/Debt
Total Assets	$8,826,296
Total Liabilities	$3,424,448
Net Assets	$5,401,848

Club or Co-Op Income
Initiation Fees & Contributions	$3,260,000
Income From Public Use of Club Facilities	$1,521,938

Compensation

Key Employees and Officers	Compensation	Related	Other
P David Baucom (Cm/Coo)	$192,814	$0	$42,000
Rigoberto Regalado (Course Maint)	$163,858	$0	$40,000
Richard Knee (Board Presid)	$0	$0	$0
Tj Gorence (Board Member)	$0	$0	$0
Jim King (Board Member)	$0	$0	$0
Sue Mccoy (Board Member)	$0	$0	$0
Mark Hopee (Board Member)	$0	$0	$0

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990

Filed on Aug. 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2022

Revenue

$5,011,843

Expenses

$5,522,145

Net Income

-$510,302

Net Assets

$7,071,469

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,575,046	91.3%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,920	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$434,877	8.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$155,016	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,613,139	29.2%

Assets/Debt
Total Assets	$8,665,345
Total Liabilities	$1,593,876
Net Assets	$7,071,469

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
P David Baucom (Cm/Coo)	$155,016	$0	$44,849
Rigoberto Regalado (Course Maint)	$154,038	$0	$26,759
Joey Redman (Controller/C)	$105,479	$0	$21,317
Richard Knee (President)	$0	$0	$0
Tj Gorence (Board Member)	$0	$0	$0
Jim King (Board Member)	$0	$0	$0
Sue Mccoy (Board Member)	$0	$0	$0
Mark Hopee (Board Member)	$0	$0	$0

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990

Filed on July 31, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2021

Revenue

$4,820,221

Expenses

$4,551,442

Net Income

$268,779

Net Assets

$7,609,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,128,901	85.7%
Investment Income	$457	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,400	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$689,463	14.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$157,609	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$73,739	1.6%

Assets/Debt
Total Assets	$9,446,097
Total Liabilities	$1,836,274
Net Assets	$7,609,823

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Rigoberto Regalado (Course Maint)	$173,924	$0	$0
P David Baucom (Gm/Coo)	$157,609	$0	$0
Richard Robinson (President)	$0	$0	$0
Tj Gorence (Vice Preside)	$0	$0	$0
Pete Mata (Director)	$0	$0	$0
Jim King (Director)	$0	$0	$0

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990

Filed on Aug. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2020

Revenue

$4,147,214

Expenses

$4,297,039

Net Income

-$149,825

Net Assets

$7,341,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,144,762	99.9%
Investment Income	$2,452	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$127,669	3.0%

Assets/Debt
Total Assets	$9,128,825
Total Liabilities	$1,787,781
Net Assets	$7,341,044

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2019

Revenue

$4,040,569

Expenses

$4,152,651

Net Income

-$112,082

Net Assets

$7,490,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,022,714	99.6%
Investment Income	$7,105	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,750	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$184,118	4.4%

Assets/Debt
Total Assets	$9,064,269
Total Liabilities	$1,573,400
Net Assets	$7,490,869

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Sept.
2018

Revenue

$4,029,470

Expenses

$4,082,711

Net Income

-$53,241

Net Assets

$7,614,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,023,089	99.8%
Investment Income	$5,381	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,000	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$213,522	5.2%

Assets/Debt
Total Assets	$9,156,831
Total Liabilities	$1,541,880
Net Assets	$7,614,951

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2017

Revenue

$3,772,960

Expenses

$3,970,145

Net Income

-$197,185

Net Assets

$7,674,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,754,862	99.5%
Investment Income	$2,598	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$15,500	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,069	5.3%

Assets/Debt
Total Assets	$9,254,670
Total Liabilities	$1,580,459
Net Assets	$7,674,211

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Sept.
2016

Revenue

$3,413,561

Expenses

$3,761,189

Net Income

-$347,628

Net Assets

$7,876,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,399,428	99.6%
Investment Income	$2,633	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$11,500	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,871	5.6%

Assets/Debt
Total Assets	$9,555,434
Total Liabilities	$1,679,335
Net Assets	$7,876,099

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Sept.
2015

Revenue

$3,237,788

Expenses

$3,745,908

Net Income

-$508,120

Net Assets

$8,229,706

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,211,841	99.2%
Investment Income	$2,447	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$23,500	0.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$208,769	5.6%

Assets/Debt
Total Assets	$9,820,682
Total Liabilities	$1,590,976
Net Assets	$8,229,706

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Revenue

$3,674,339

Expenses

$4,072,363

Net Income

-$398,024

Net Assets

$8,737,826

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,651,715	99.4%
Investment Income	$2,124	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,500	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$222,000	5.5%

Assets/Debt
Total Assets	$10,329,116
Total Liabilities	$1,591,290
Net Assets	$8,737,826

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$3,626,584

Expenses

$3,529,174

Net Income

$97,410

Net Assets

$9,247,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,606,695	99.5%
Investment Income	$1,890	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,000	0.5%
Net Fundraising	$0
Sales of Assets	-$1
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$207,000	5.9%

Assets/Debt
Total Assets	$10,739,927
Total Liabilities	$1,492,076
Net Assets	$9,247,851

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$3,500,823

Expenses

$3,409,830

Net Income

$90,993

Net Assets

$9,162,442

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,478,521	99.4%
Investment Income	$1,302	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,000	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$208,711	6.1%

Assets/Debt
Total Assets	$10,666,301
Total Liabilities	$1,503,859
Net Assets	$9,162,442

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$3,534,247

Expenses

$3,600,398

Net Income

-$66,151

Net Assets

$9,080,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,514,719	99.4%
Investment Income	$2,028	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$17,500	0.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$205,496	5.7%

Assets/Debt
Total Assets	$10,698,351
Total Liabilities	$1,617,903
Net Assets	$9,080,448

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

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The Palms Golf Club Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.78M (2023)

Expenses $6.45M (2023)

Total Assets $8.83M (2023)

Total Liabilities $3.42M (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2010

No Extracted Financial Data

Document Links

Revenue

$4.78M (2023)

Expenses

$6.45M (2023)

Total Assets

$8.83M (2023)

Total Liabilities

$3.42M (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005