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The Palms Golf Club

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330775273 ✦ La quinta, CA ✦ Designated as a 501(c)(7)

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Overview

What is The Palms Golf Club?

The Palms Golf Club is a private, member-exclusive organization located in La Quinta, California. Its primary purpose is to provide an enjoyable golfing experience for its members, ensuring the club's upkeep and maintenance. The club's mission is centered around offering its members a space for leisurely golf activities, catering to their recreational needs.

Is The Palms Golf Club legitimate?

The Palms Golf Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Palms Golf Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $155,016
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,613,139

For more financial information, click here

What is the mission statement of The Palms Golf Club?

The Palms Golf Club is dedicated to managing a private golf club, serving solely for the leisure and relaxation of its members. Its mission is to create an enjoyable golfing experience, catering to the recreational needs of its members. The organization ensures the upkeep and operation of the golf club, providing a tranquil and engaging environment for its members to enjoy their pastime.

Who is the CEO of The Palms Golf Club?

Richard Knee is the Cm/Coo of The Palms Golf Club.

What is the revenue of The Palms Golf Club?

The Palms Golf Club's revenue in 2022 was $5,011,843.

Who are the executives of The Palms Golf Club and what are their salaries?

The average compensation at The Palms Golf Club during 2022 was $38,438. There are 46 employees at The Palms Golf Club.


Here are 8 key members and their salaries:


P David Baucom (Cm/Coo)
  • Compensation: $155,016
  • Related: $0
  • Other: $44,849
Rigoberto Regalado (Course Maint)
  • Compensation: $154,038
  • Related: $0
  • Other: $26,759
Joey Redman (Controller/C)
  • Compensation: $105,479
  • Related: $0
  • Other: $21,317
Richard Knee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tj Gorence (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim King (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Mccoy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hopee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Palms Golf Club?

The Palms Golf Club's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Palms Golf Club

The Palms Golf Club, as an organization, is dedicated to the establishment and upkeep of a private golf club, serving solely for the leisure and amusement of its members. Situated in an unspecified location, this club's primary mission is to provide a delightful golfing experience for its members, fostering a sense of camaraderie and relaxation. The Palms Golf Club meticulously maintains its golf course, ensuring a high-quality experience for its members, enhancing their recreational time.

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Impact




October, 2024

The Palms Golf Club significantly enhances the recreational landscape of La Quinta, CA, by providing a dedicated space for golf enthusiasts to enjoy the sport in a serene and exclusive environment. Its focus on maintaining a private golf club ensures a high standard of play and personalized member experiences, promoting a sense of community among its members.

By organizing various golf-related activities and events, The Palms Golf Club fosters social interaction and camaraderie, contributing to the overall well-being of its members. This exclusive club not only serves as a recreational haven but also plays a vital role in supporting the local economy through golf tourism and associated activities. Overall, The Palms Golf Club enriches the local community by offering a unique recreational outlet while promoting an active lifestyle among its members.




This information is meant to be a general summary of The Palms Golf Club. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,011,843 (2022)
Expenses
$5,522,145 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $4,575,046
  • Gross Receipts: $5,011,843

Assets and Liabilities:

  • Total Assets: $8,665,345
  • Total Liabilities: $1,593,876
  • Net Assets: $7,071,469

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$3,079,964

GOLF RELATED

Revenue

$921,143

FOOD & BEVERAGE RELATED

Revenue

$511,703

GOLF RELATED - NM

Revenue

$62,236

Organization Details

Founding Year

1997

Principal Officer

Richard Knee

Main Address

57000 PALMS DRIVE, LA QUINTA, CA, 92253

NTEE Category

Code: N50 - Recreation

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