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Nonprofit · EIN 33-0775273

THE PALMS GOLF CLUB INC

Also known as PALMS GOLF CLUB

Tax-exempt · LA QUINTA, CA 92253

Financials

$4.8M$6.4M2022$6.4M$5.8M2023$6.5M$5.5M2024
Revenue Expenses · by fiscal year end
Financials of THE PALMS GOLF CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$6,549,807$5,497,342$1,052,465$10,684,394$3,675,501$7,008,893
September 30, 2024990$6,361,413$5,806,835$554,578$9,589,451$3,633,023$5,956,428
September 30, 2023990$4,780,060$6,449,681-$1,669,621$8,826,296$3,424,448$5,401,848
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,416,216
Investment income
$25,624
Net rental income
$1,650
Net gain from sales of assets
$9,369
Net income from sales of inventory
$2,347
Other revenue
$107,967

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$162,231
Other salaries and wages
$1,639,371
Salaries, compensation and benefits (total)
$2,269,946
Professional fundraising fees
$0
Accounting fees
$18,800
Depreciation
$517,103

Balance sheet and other

Total assets, start of year
$9,589,451
Total assets, end of year
$10,684,394
Total liabilities, end of year
$3,675,501
Net assets, end of year
$7,008,893
Land, buildings and equipment
$7,229,244
Net assets without donor restrictions
$7,008,893
Gross unrelated business income
$38,782
Gross receipts
$6,657,566
Employees
43
Volunteers
5
Year formed
1997

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
FRANK HEINENCEO
Officer
40$200,000$14,541
RIGOBERTO REGALADOCOURSE MAINT
Highest-paid employee
40$163,020$17,722
MARK SHEEHANCURRENT BOAR
Trustee or director
2$0$0
OLYNN ROACH JRFYE BOARD PR
Trustee or director
2$0$0
EDDIE FADELSECRETARY
Trustee or director
2$0$0
SHAWN BOYDBOARD MEMBER
Trustee or director
2$0$0
LUCY BUTLERBOARD MEMBER
Trustee or director
2$0$0
990 for the year ended September 30, 2024: 7 people
NameTitleHours / weekCompensation
RIGOBERTO REGALADOCOURSE MAINT
Highest-paid employee
40$163,858
FRANK HEINENCEO
Officer
40$93,462
OLYNN ROACH JRBOARD PRESID
Trustee or director
2$0
EDDIE FADELSECRETARY
Trustee or director
2$0
SHAWN BOYDBOARD MEMBER
Trustee or director
2$0
MARK SHEEHANBOARD MEMBER
Trustee or director
2$0
JEFF STRAUSSBOARD MEMBER
Trustee or director
2$0
990 for the year ended September 30, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
P DAVID BAUCOMCM/COO
Officer
40$192,814$42,000
RIGOBERTO REGALADOCOURSE MAINT
Highest-paid employee
40$163,858$40,000
RICHARD KNEEBOARD PRESID
Trustee or director
2$0$0
TJ GORENCEBOARD MEMBER
Trustee or director
2$0$0
JIM KINGBOARD MEMBER
Trustee or director
2$0$0
SUE MCCOYBOARD MEMBER
Trustee or director
2$0$0
MARK HOPEEBOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
57000 PALMS DR, LA QUINTA, CA 92253-8767
In care of
% KIPP IAN LYONS
Principal officer (990 for 2024)
MARK SHEEHAN, 57000 PALMS DRIVE, LA QUINTA, CA 92253
Signed the 990
MARK SHEEHAN, CURRENT BOARD PRES.
Phone
(760) 771-2606
Return prepared by
COACHELLA VALLEY ACCOUNTING & AUDITING

California records

California keeps its own records of charities and corporations. Search them by EIN 33-0775273 or by the name THE PALMS GOLF CLUB INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

ORGANIZATION OF PRIVATE GOLF CLUB.

990 for the year ended September 30, 2025

Program accomplishments

  • OPERATION AND MAINTENANCE OF GOLF CLUB FOR THE EXCLUSIVE PLEASURE AND RECREATION OF ITS MEMBERS.
    Expenses $5,497,342 · revenue $6,511,025

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
33-0775273
Tax-exempt status
501(c)(7): Social or recreational club
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,684,394
Income (IRS master file)
$6,657,566

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$6,549,807$5,497,342$10,684,394XML
990September 2024$6,361,413$5,806,835$9,589,451XML
990September 2023$4,780,060$6,449,681$8,826,296XML
990September 2022$5,011,843$5,522,145$8,665,345IRS
990September 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0775273).

Questions about THE PALMS GOLF CLUB INC

What is the EIN of THE PALMS GOLF CLUB INC?
The employer identification number (EIN) of THE PALMS GOLF CLUB INC is 33-0775273.
Is THE PALMS GOLF CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7).
Which annual return does THE PALMS GOLF CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE PALMS GOLF CLUB INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PALMS GOLF CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of THE PALMS GOLF CLUB INC?
The 990 for the year ended September 30, 2025 names MARK SHEEHAN.
Who are the officers and directors of THE PALMS GOLF CLUB INC?
The 990 for the year ended September 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $200,000 (FRANK HEINEN, CEO).
How much revenue does THE PALMS GOLF CLUB INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $6,549,807, expenses of $5,497,342 and total assets of $10,684,394 at year end.

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