Quarry Golf Club Inc
- Assets
- $23.0m
- Revenue
- $6.4m
- Investments
- $3.0m
- Employees
- 124
- Location
- Naples, FL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4889313
Organization Overview
Quarry Golf Club Inc is located in Naples, FL. The organization was established in 2016. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Quarry Golf Club Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quarry Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Quarry Golf Club Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.7% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. 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
THE ORGANIZATION WAS FORMED TO OWN AND OPERATE A GOLF CLUB FOR THE EXCLUSIVE USE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED A GOLF CLUB FOR THE EXCLUSIVE USE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Naugler Chairman/director | OfficerTrustee | 5 | $0 |
Laura Ellison Vice Chairman/director | OfficerTrustee | 5 | $0 |
Kevin Ryan Treasurer/director | OfficerTrustee | 5 | $0 |
Edward Earl Duke Secretary/director | OfficerTrustee | 5 | $0 |
Jim Wietrak Director | Trustee | 5 | $0 |
Tony Dalby Director | Trustee | 5 | $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 | $5,777,624 |
| Investment income | $9,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$240,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $884,533 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,445,159 |
| 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. | $446,570 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,709,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $488,580 |
| 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 | $126,566 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $280,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,163,787 |
| Insurance | $199,024 |
| All other expenses | $36,851 |
| Total functional expenses | $8,578,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,161,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $671,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $257,010 |
| Prepaid expenses and deferred charges | $233,961 |
| Net Land, buildings, and equipment | $12,979,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,010,855 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $725,193 |
| Total assets | $23,040,589 |
| Accounts payable and accrued expenses | $642,222 |
| Grants payable | $0 |
| Deferred revenue | $5,221,250 |
| 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 | $7,841,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $720,543 |
| Total liabilities | $14,425,317 |
| Net assets without donor restrictions | $8,615,272 |
| Net assets with donor restrictions | $0 |
| 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 | $23,040,589 |