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Nonprofiteer
← CENTURY CLUB OF SAN DIEGO

Form 990 for tax year 2022

Filed by CENTURY CLUB OF SAN DIEGO.

Totals

Total revenue
$15,248,352
Total expenses
$13,138,242
Contributions and grants received
$2,612,847
Grants paid
$1,460,387
Program service revenue
$12,506,146
Investment income
$65,339
Other revenue
$64,020
Total assets, end of year
$4,392,481
Total liabilities, end of year
$668,473
Net assets or fund balances, end of year
$3,724,008
Program services expenses (Part IX)
$12,757,509
Management and general expenses
$380,733
Fundraising expenses
$0
Program service expenses (Part III)
$12,757,509

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $85,184

  • 1f · All other contributions, gifts and grants

    $2,527,663

  • 2a · Program service revenue: TOURNAMENT

    total $12,506,146 · related or exempt $12,506,146

  • 3 · Investment income

    total $65,339 · excluded $65,339

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $1,319,872

  • 10b · Cost of goods sold

    $1,255,852

  • 10c · Net income from sales of inventory

    total $64,020 · excluded $64,020

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,460,387 · program services $1,460,387

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $338,133 · program services $281,309 · management and general $56,824

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $965,850 · program services $803,537 · management and general $162,313

  • 8 · Pension plan contributions

    total $61,373 · program services $50,940 · management and general $10,433

  • 9 · Other employee benefits

    total $79,167 · program services $65,709 · management and general $13,458

  • 10 · Payroll taxes

    total $88,303 · program services $73,292 · management and general $15,011

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $38,832 · management and general $38,832

  • 12 · Advertising and promotion

    total $263,939 · program services $263,939

  • 13 · Office expenses

    total $102,555 · program services $78,070 · management and general $24,485

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $178,399 · program services $148,071 · management and general $30,328

  • 17 · Travel

    total $22,850 · management and general $22,850

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $84,559 · program services $84,559

  • 23 · Insurance

    total $90,281 · program services $84,805 · management and general $5,476

  • 24a · Other expenses: TOURNAMENT OPERATIONS

    total $5,887,581 · program services $5,887,581

  • 24b · Other expenses: HOSPITALITY

    total $2,386,462 · program services $2,386,462

  • 24c · Other expenses: SPONSOR EVENTS AND BUILDS

    total $743,613 · program services $743,613

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $142,884 · program services $142,635 · management and general $249

  • 24e · All other expenses

    total $203,074 · program services $202,600 · management and general $474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,279 · end of year $617,868

  • 2 · Savings and temporary cash investments

    beginning of year $168 · end of year $1,573,560

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,000,452 · end of year $1,392,426

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,612 · end of year $56,667

  • 10a · Land, buildings and equipment: cost or other basis

    $1,147,227

  • 10b · Land, buildings and equipment: accumulated depreciation

    $812,745

  • 10c · Land, buildings and equipment, net

    beginning of year $91,286 · end of year $334,482

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $10,614 · end of year $417,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $433,012 · end of year $221,057

  • 19 · Deferred revenue

    beginning of year $11,870

  • 24 · Unsecured notes and loans payable

    beginning of year $184,631

  • 25 · Other liabilities

    end of year $447,416

  • 27 · Net assets without donor restrictions

    beginning of year $1,613,898 · end of year $3,724,008

Mission and programs · 2022

Mission

Century Club of San Diego (Century Club), is a California nonprofit public benefit corporation exempt under Internal Revenue Code Section 501(c)(3) organized and operated for charitable purposes. First incorporated in 1961, Century Club is the nonprofit host of San Diegos PGA TOUR (professional golf) event and utilizes its unique resources to be an economic driver and charitable benefactor in San Diego.Mission: to host a world-class PGA TOUR event to maximize support for the San Diego community and local youth programs.Vision: to be Americas premier golf event and San Diegos greatest ambassador and benefactor.Core values: Service - A spirit of selflessness and kindness is at the heart of our efforts; we never forget that Century Clubs success is ultimately defined by how generously it can give back to the community. Passion - We are passionate and driven in pursuing our vision and mission, valuing actions and engagement above words, and committed follow-through above good intentions. T

Activities or mission (Part I)

Century Clubs mission is to host a world-class PGA TOUR event to maximize support for the San Diego community and local youth programs.

  • Tournament:The Farmers Insurance Open was played January 26-29, 2023, at historic Torrey Pines Golf Course, host site of the 2008 & 2021 U.S. Opens. The Farmers Insurance Open consistently attracts a world-class field. This was the 71st year a PGA TOUR event has been held in San Diego, beginning with the San Diego Open in 1952. For the last 62 years, the Century Club has been the local non-profit organization for the tournament. The 2023 tournament also marked the 56th time the event was held at Torrey Pines Golf Course, and the 14th year of Farmers Insurance sponsoring the tournament.The tournament is a volunteer-driven effort with a community of volunteers serving in a variety of essential responsibilities. To ensure successful on site operation of the event, each year, the Century Club recruits and trains more than 900 volunteers who primarily come from the San Diego region, but also include residents from all over the United States and abroad. As San Diego's only annual event with a national and international broadcast, the Farmers Insurance Open serves as a valuable marketing asset for the local economy. Each year, the Century Club infuses revenue into the local economy by hiring more than 200 vendors, recruiting more than 900 volunteers, and attracting fans from all 50 states and 17 countries, generating a $34.3 million economic impact on the City of San Diego. The Century Club uses the game of golf as the platform to showcase San Diego to an international audience, generate revenue for the city, and make a difference in the community by creating programs that benefit local at-risk and underserved youth charities.

    Expenses $11,043,146 · Revenue $12,506,146

  • Champions for Youth:Champions for Youth (CFY), a core charitable program of the Century Club, is a peer-to-peer fundraising campaign that strives to strengthen our charity partners ability to achieve long-term goals by providing development support and opportunities for collaboration, volunteerism, and brand exposure.Through an in-depth application and interview process, the Century Club selects San Diego charities that provide direct services to at-risk youth and their families for participation in CFY. Once charities are selected, the Century Club works with each charity to focus on improving the following three key challenge areas that the Century Club has found to be common among charities: 1) Donor engagement; 2) Lack of resources; and 3) Community awareness of the charity and causes they support.To facilitate and support the participants fundraising efforts, the Century Club donates resources and time to provide each charity with fundraising and awareness tools to ensure successful program participation. Century Club creates a customized online donation platform for each charity, for which it also covers all processing fees that a charity would normally incur through online fundraising. Additionally, the Century Club creates and provides customized online and printed campaign marketing tools, individualized strategic campaign consulting, guidance, and training to use to generate incremental funding and donor interest. Charities receive funding from a bonus pool based on how much they raise during a specific time window compared to the other participating organizations and how many donors contribute to their campaign during the specified time. The bonus pool not only provides charities with unrestricted dollars to assist with their mission, but the time-sensitive and competitive elements of the program enable charities to incentivize contributions from donors who understand that their donations will have an increased impact during this period. In addition to the resources and funding provided, the Century Club hosts service activities for its membership to volunteer their time in support of the various missions. The organizations also works to increase awareness of the participating charities and their causes in the San Diego community by including the charities in their marketing, social media, and outreach efforts.Through this program, the Century Club supported 6 local charities for the year ending April 30, 2023.

    Expenses $1,714,363

As filed on the 2022 return.

Listed in Part VII

  • Martin Gorsich

    CEO

    Total calculated
    $343,484
    From this org
    $320,246
    From related orgs
    $0
    Other
    $23,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,246
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,300
    Nontaxable benefits
    $4,938
    Filer's total
    $343,484

  • Andrew Harmatys

    COO

    Total calculated
    $219,130
    From this org
    $202,532
    From related orgs
    $0
    Other
    $16,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,532
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,525
    Nontaxable benefits
    $4,073
    Filer's total
    $219,130

  • Jennifer Cota

    EXECUTIVE VP

    Total calculated
    $145,558
    From this org
    $133,204
    From related orgs
    $0
    Other
    $12,354
    Hours/week
    40

  • Daniel Waite

    DIR PSHIP & BUS AF

    Total calculated
    $113,964
    From this org
    $103,408
    From related orgs
    $0
    Other
    $10,556
    Hours/week
    40

  • Luke Pistorius

    Director

    Total calculated
    $0
    Hours/week
    3

  • Scott Finkbeiner

    Director

    Total calculated
    $0
    Hours/week
    3

  • Marc Posthumus

    Director

    Total calculated
    $0
    Hours/week
    3

  • Scott Peterson

    Director

    Total calculated
    $0
    Hours/week
    3

  • Craig Hunter

    Director

    Total calculated
    $0
    Hours/week
    3

  • Jeff Grant

    EXEC VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeff Posner

    CHAIR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part III, Additional Information
CENTURY CLUB HAS A PERFORMANCE BASED BONUS FOR MEETING THE OVERALL SALES GOALS FOR THE EXECUTIVE DIRECTOR AND OTHER PERSONNEL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202400739349300125

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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