The Club At Mediterra Inc
- Assets
- $64.4m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 296
- Location
- Naples, FL
- Founding
- 04/2010
- Data as of
- 07/2022
- EIN
- 35-2367578
Organization Overview
The Club At Mediterra Inc is located in Naples, FL. The organization was established in 2010. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 07/2022, Club At Mediterra Inc employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club At Mediterra Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Club At Mediterra Inc generated $23.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $24.2m during the year ending 07/2022. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS TWO 18 HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE FISCAL YEAR ENDED 07/31/22 WAS APPROX. 50,250 OF WHICH APPROXIMATELY 12,890 ROUNDS WERE NON-MEMBER RELATED.
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $ 4,990,645 OF WHICH $ 405,279 WAS NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Byrd President | OfficerTrustee | 3 | $0 |
Jim Matthews Vp/treasurer (through 3/22) | OfficerTrustee | 3 | $0 |
Bill Scott Secretary | OfficerTrustee | 1 | $0 |
Renee Alderson Director | Trustee | 1 | $0 |
Chris Daly Director | Trustee | 1 | $0 |
Craig Divino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,308,223 |
| Investment income | $7,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,904,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,179,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,868,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,716,245 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,282,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,482,544 |
| Insurance | $561,437 |
| All other expenses | $1,347,143 |
| Total functional expenses | $24,159,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,293,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $943,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $716,254 |
| Prepaid expenses and deferred charges | $1,065,198 |
| Net Land, buildings, and equipment | $45,359,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,540 |
| Total assets | $64,386,577 |
| Accounts payable and accrued expenses | $2,207,148 |
| Grants payable | $0 |
| Deferred revenue | $6,543,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,560,579 |
| Total liabilities | $39,311,422 |
| Net assets without donor restrictions | $24,994,698 |
| Net assets with donor restrictions | $80,457 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,386,577 |