Quarry Golf Club Inc
- Assets
- $19.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 110
- Location
- Naples, FL
- Founding
- 02/2016
- Data as of
- 12/2021
- 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 12/2021, Quarry Golf Club Inc employed 110 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 12/2021, Quarry Golf Club Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 72.7% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 81.7% per year over the past 7 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
2021
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 |
|---|---|---|---|
Bob Radunz General Manager | OfficerTrustee | 40 | $272,859 |
Rodney Whisman Golf Course Superintendent | 40 | $164,960 | |
Bob Mehmet CFO | OfficerTrustee | 40 | $135,617 |
James Magnusson Membership Director | 40 | $122,686 | |
Richard Brown Head Chef | 40 | $114,293 | |
Glyn Williamson Food & Beverage Director | 40 | $104,789 |
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 | $5,312,898 |
| Investment income | $4,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $634,761 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,952,672 |
| 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. | $451,330 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,323,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $457,231 |
| 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 | $99,883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $710,592 |
| Insurance | $172,639 |
| All other expenses | $0 |
| Total functional expenses | $6,750,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,880,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $592,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,706 |
| Prepaid expenses and deferred charges | $153,871 |
| Net Land, buildings, and equipment | $13,861,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $19,662,305 |
| Accounts payable and accrued expenses | $714,211 |
| Grants payable | $0 |
| Deferred revenue | $4,660,105 |
| 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 | $5,655,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,029,920 |
| Net assets without donor restrictions | $8,632,385 |
| 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 | $19,662,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
The Golf Club At Palmira Inc Bonita Springs, FL | $17,478,158 | $5,448,490 |
Quarry Golf Club Inc Naples, FL | $19,662,305 | $5,952,672 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Golf Huntsville Birmingham, AL | $403,957 | $1,261,628 |