Nonprofit · EIN 82-0488586
VALLEY CLUB INC
Tax-exempt · SUN VALLEY, ID 83353
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,685,661 | $13,445,456 | $1,240,205 | $43,892,485 | $5,709,821 | $38,182,664 |
| December 31, 2023 | 990 | $12,047,949 | $11,762,285 | $285,664 | $40,690,082 | $3,747,623 | $36,942,459 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,369,937
- Investment income
- $773
- Net rental income
- -$666,862
- Net income from sales of inventory
- $981,813
- Other revenue
- $314,951
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $521,901
- Other salaries and wages
- $6,305,887
- Salaries, compensation and benefits (total)
- $8,003,513
- Professional fundraising fees
- $0
- Legal fees
- $62,505
- Occupancy
- $1,112,705
- Depreciation
- $1,531,725
Balance sheet and other
- Total assets, start of year
- $40,690,082
- Total assets, end of year
- $43,892,485
- Total liabilities, end of year
- $5,709,821
- Net assets, end of year
- $38,182,664
- Land, buildings and equipment
- $41,426,427
- Gross unrelated business income
- -$443,119
- Gross receipts
- $16,977,377
- Employees
- 212
- Volunteers
- 60
- Year formed
- 1996
- State of legal domicile
- ID
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACH JONAS | GENERAL MANAGER Officer | 40 | $298,103 | $18,859 |
| MEGAN CARLEY | CONTROLLER Officer | 40 | $188,175 | $16,224 |
| JASON SIGMUND | DIRECTOR OF AGRONOMY Highest-paid employee | 40 | $172,710 | $14,617 |
| JAKE HANSON | DIRECTOR OF GOLF Highest-paid employee | 40 | $164,702 | $14,251 |
| FRED HARTZMAN | WEST CAMPUS DIRECTOR Highest-paid employee | 40 | $159,340 | $13,873 |
| TRAVIS CATANZARO | EXECUTIVE CHEF Highest-paid employee | 40 | $134,545 | $23,501 |
| MAX RIGGS | DIRECTOR OF FOOD & BEVERAG Highest-paid employee | 40 | $138,819 | $19,126 |
| STEVE KEARNS | PRESIDENT Trustee or director, Officer | 7 | $0 | $0 |
| JOHN KANELLITSAS | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| PETER BECKER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CAROL GULLSTAD | SECRETARY Trustee or director | 3 | $0 | $0 |
| JACK BUNCE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| GINA WOLCOTT | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MIKE SADLER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JIM MAGEE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY FUNKHOUSER | DIRECTOR Trustee or director | 2.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACH JONAS | GENERAL MANAGER Officer | 40 | $261,922 | $13,728 |
| MEGAN CARLEY | CONTROLLER Officer | 40 | $186,646 | $9,458 |
| JASON SIGMUND | DIRECTOR OF AGRONOMY Highest-paid employee | 40 | $170,849 | $14,290 |
| JAKE HANSON | DIRECTOR OF GOLF Highest-paid employee | 40 | $158,697 | $14,031 |
| FRED HARTZMAN | WEST CAMPUS DIRECTOR Highest-paid employee | 40 | $150,358 | $12,669 |
| TRAVIS CATANZARO | EXECUTIVE CHEF Highest-paid employee | 40 | $124,949 | $21,636 |
| MAX RIGGS | DIRECTOR OF FOOD & BEVERAGE Highest-paid employee | 40 | $117,995 | $2,396 |
| TIFT MANN | PRESIDENT Trustee or director, Officer | 7 | $0 | $0 |
| STEVE KEARNS | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| PETER BECKER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ERNIE GETTO | SECRETARY Trustee or director | 3 | $0 | $0 |
| CAROL GULLSTAD | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| GINA WOLCOTT | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| VICKRIE CUTLER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JIM MAGEE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JOHN KANELLITSAS | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JACK BUNCE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| DICK DAVIS | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 252, SUN VALLEY, ID 83353-0252
- In care of
- % JENNIFER SCHULTZ
- Principal officer (990 for 2024)
- STEVE KEARNS, PO BOX 252, SUN VALLEY, ID 83353
- Signed the 990
- STEVE KEARNS, GENERAL MANAGER
- Phone
- (208) 788-5400
- Website
- WWW.THEVALLEYCLUB.ORG
- Return prepared by
- SORREN INC
Mission
THE CLUB IS AN EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM AND SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED SUBSTANTIALLY FOR THE MEMBERS AND ARE RELATED TO THE SINGLE PURPOSE OF SOCIAL AND RECREATIONAL BENEFITS.
Program accomplishments
- THE CLUB PROVIDES SOCIAL AND RECREATIONAL PROGRAMS INCLUDING GOLF, TENNIS, SWIMMING, DINING, AND OTHER ACTIVITIES. THE VALLEY CLUB HAS 768 MEMBERS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0488586
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $43,892,485
- Income (IRS master file)
- $16,977,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,685,661 | $13,445,456 | $43,892,485 | XML |
| 990 | December 2023 | $12,047,949 | $11,762,285 | $40,690,082 | XML |
| 990 | December 2022 | $11,191,126 | $10,244,089 | $39,397,726 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 82-0488586).
Questions about VALLEY CLUB INC
- What is the EIN of VALLEY CLUB INC?
- The employer identification number (EIN) of VALLEY CLUB INC is 82-0488586.
- Is VALLEY CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1999.
- Are donations to VALLEY CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY 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 VALLEY CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY CLUB INC?
- The 990 for the year ended December 31, 2024 names STEVE KEARNS.
- Who are the officers and directors of VALLEY CLUB INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $298,103 (ZACH JONAS, GENERAL MANAGER).
- How much revenue does VALLEY CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,685,661, expenses of $13,445,456 and total assets of $43,892,485 at year end.
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- SUN VALLEY COMMUNITY SCHOOL INC EIN 82-0307094 · last filed 990 for 2025
- SUN VALLEY SKI EDUCATION FOUNDATION INC EIN 82-0264946 · last filed 990 for 2026
- SUN VALLEY SUMMER SYMPHONY INC EIN 82-0397940 · last filed 990 for 2025
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All nonprofits in SUN VALLEY · Idaho · Recreation and sports