CENTURY CLUB OF SAN DIEGO

EIN: 952145967 501(c)(3) Philanthropy & Grantmaking

LA JOLLA, CA

Total Revenue
$14,329,507
Total Expenses
$13,852,552
Total Assets
$6,924,012
Net Assets
$4,809,211
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
CA
Principal Officer
MARTIN GORSICH
Phone
8588864653
Tax Period
2024-05-01 to 2025-04-30

CENTURY CLUB OF SAN DIEGO, founded in 1961, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $14.3M in total revenue in fiscal year 2024. Expenses of $13.9M left a modest 3% surplus.

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

Program Service Accomplishments

Program 1
Expenses: $12,044,476 Revenue: $12,301,612

Tournament:The Farmers Insurance Open was played January 22-25, 2025, at historic Torrey Pines Golf Course, host site of the 2008 & 2021 U.S. Opens. The Farmers Insurance Open consistently attracts a...

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Tournament:The Farmers Insurance Open was played January 22-25, 2025, 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 73rd year a PGA TOUR event has been held in San Diego, beginning with the San Diego Open in 1952. For the last 64 years, the Century Club has been the local non-profit organization for the tournament. The 2025 tournament also marked the 58th time the event was held at Torrey Pines Golf Course, and the 16th year of Farmers Insurance sponsoring the tournament.The tournament is a volunteer-driven effort with a community of volunteers serving a variety of essential responsibilities. To ensure successful onsite operation of the event, each year, the Century Club recruits and trains more than 1,000 volunteers who primarily come from the San Diego region, but also include residents from all over the United States and abroad. As San Diegos 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 1,000 volunteers, and attracting fans from all 50 states and 17 countries, generating a $67.5 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.

Program 2
Expenses: $1,338,958

Champions for Youth:The Century Clubs core charitable program, Champions for Youth (CFY), aims to provide capacity-building resources to help their community partners for the long term. The Century...

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Champions for Youth:The Century Clubs core charitable program, Champions for Youth (CFY), aims to provide capacity-building resources to help their community partners for the long term. The Century Club focuses on supporting the long-term viability and stability of the community partners to enable them to address critical issues that affect us all, particularly in those youth most at-risk to live in poverty, experience homelessness, face food insecurities, or spend time in the foster care system.Throughout the partnership, selected nonprofits receive strategic development support, access to donation software, and engage in opportunities of collaboration, volunteerism, and brand exposure.Through an in-depth selection process, the Century Club partners with 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.Selected nonprofits are in the program for five years. This commitment of multi-year support allows the Century Club to spend ample time collaborating to strengthen the nonprofit partners infrastructure and business practices. The program includes a fundraising campaign where organizations receive all the elements like donation software, strategy assistance, and a marketing toolkit to generate unrestricted dollars, meaning the nonprofits can use these funds where it is most needed.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, 2025.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,820,211
Program Service Revenue $12,301,612
Investment Income $246,828
Other Revenue $-39,144
TOTAL REVENUE $14,329,507

Expense Breakdown

Grants Paid $1,061,564
Salaries & Benefits $1,921,727
Fundraising Expenses $0
Program Expenses $13,383,434
Other Expenses $10,869,261
TOTAL EXPENSES $13,852,552

Year-over-Year Comparison

2024 2023 Change
Revenue $14,329,507 $14,466,017 0.0%
Expenses $13,852,552 $13,857,769 0.0%
Net Income $476,955 $608,248 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
19
Volunteers
1035

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$397,433
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN GORSICH CEO 40.00
Officer
$371,955 $25,478 $397,433
ANDREW HARMATYS COO 40.00
$231,237 $18,176 $249,413
JENNIFER COTA EXEC VP COMM & CA 40.00
$175,257 $15,192 $190,449
DANIEL WAITE DIRECTOR OF PSHIPS 40.00
$129,024 $12,291 $141,315
NICHOLAS H SCHLING DIRECTOR OF OPS 40.00
$101,351 $9,046 $110,397
LUKE PISTORIUS Director 1.00
Director
$0 $0 $0
SCOTT FINKBEINER EXEC VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARC POSTHUMUS Director 1.00
Director
$0 $0 $0
SETH NENABER Director 1.00
Director
$0 $0 $0
SCOTT PETERSON Director 1.00
Director
$0 $0 $0
CRAIG HUNTER Director 1.00
Director
$0 $0 $0
JEFF GRANT CHAIR 1.15
Officer Director
$0 $0 $0
PAM HOLDEN Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,329,507 $13,852,552 $6,924,012 $476,955
2024 $14,466,017 $13,857,769 $5,027,064 $608,248
2023 $15,248,352 $13,138,242 $4,392,481 $2,110,110
2022 $13,615,886 $11,475,373 $2,243,411 $2,140,513
2021 $6,544,732 $7,122,402 $1,429,255 $-577,670
2020 $14,351,292 $13,576,382 $1,215,580 $774,910
2019 $16,711,331 $15,983,306 $1,348,419 $728,025
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