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The Institute Golf Club

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Social and recreational clubs.

Summary charts: organization finances over time

Revenue
$2.3M (2024)

Expenses
$4.98M (2024)

Total Assets
$1.06M (2024)

Total Liabilities
$8.7M (2024)

Source: Form 990 tax filings from 2020 to 2024

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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,298,193
Expenses
$4,984,835
Net Income
-$2,686,642
Net Assets
-$7,644,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,864,770
81.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $17,825
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $360,864
15.7%
Other Revenue $54,734
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,367
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,583,070
31.8%
Assets/Debt
Total Assets $1,060,192
Total Liabilities $8,704,949
Net Assets -$7,644,757
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $116,410
Compensation
Key Employees and Officers Compensation Related Other
Michael Fitzgerald (Golf Professional) $106,400 $0 $9,291
Sergio Morales (Executive Chef) $105,775 $0 $0
Juan Altamirano (Superintendent) $103,233 $0 $25,705
Jeffrey Sanchez (President, Cfo & Secretary) $99,000 $0 $367

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,281,650
Expenses
$4,216,160
Net Income
-$1,934,510
Net Assets
-$4,958,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,848,548
81.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $7,795
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $354,960
15.6%
Other Revenue $70,347
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,564,050
37.1%
Assets/Debt
Total Assets $758,060
Total Liabilities $5,716,175
Net Assets -$4,958,115
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $197,451
Compensation
Key Employees and Officers Compensation Related Other
Michael Fitzgerald (Golf Professional) $106,800 $0 $8,263
Juan Altamirano (Superintendent) $100,800 $0 $23,045
Jeffrey Sanchez (President, Cfo & Secretary) $99,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,393,162
Expenses
$4,009,257
Net Income
-$1,616,095
Net Assets
-$3,122,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,146,016
89.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $5,370
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $135,635
5.7%
Other Revenue $106,141
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,000
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,493,153
37.2%
Assets/Debt
Total Assets $603,450
Total Liabilities $3,726,053
Net Assets -$3,122,603
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $128,621
Compensation
Key Employees and Officers Compensation Related Other
Michael Fitzgerald (Golf Professional) $106,150 $0 $7,639
Juan Altamirano (Superintendent) $100,900 $0 $20,922
Jeffrey Sanchez (President, Cfo & Secretary) $99,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,811,429
Expenses
$3,391,742
Net Income
-$1,580,313
Net Assets
-$1,506,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,585,341
87.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,707
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $174,711
9.6%
Other Revenue $49,670
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,400
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,521,670
44.9%
Assets/Debt
Total Assets $444,370
Total Liabilities $1,950,881
Net Assets -$1,506,511
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $76,967
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew Delosso (Executive Chef) $138,769 $0 $5,607
Michael Fitzgerald (Golf Professional) $106,513 $0 $7,076
Juan Altamirano (Superintendent) $101,150 $0 $19,541
Jeffrey Sanchez (President, Cfo & Secretary) $99,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$959,664
Expenses
$885,861
Net Income
$73,803
Net Assets
$73,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $816,883
85.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $142,781
14.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,400
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $264,375
29.8%
Assets/Debt
Total Assets $123,803
Total Liabilities $50,000
Net Assets $73,803
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $28,094
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Sanchez (President, Cfo & Secretary) $66,400 $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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