Dataw Island Club Inc
- Assets
- $29.8m
- Revenue
- $9.9m
- Investments
- $5.0m
- Employees
- 217
- Location
- Beaufort, SC
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 57-0868425
Organization Overview
Dataw Island Club Inc is located in Beaufort, SC. The organization was established in 1997. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Dataw Island Club Inc employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dataw Island 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 12/2023, Dataw Island Club Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $11.1m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
2023
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'S REVENUE FROM FOOD & BEVERAGE SALES TOTALED $2,881,424 FOR THE YEAR ENDED 12/31/23, OF WHICH $118,479 WAS NON-MEMBER RELATED.
APPROXIMATELY 63,318 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 12/31/23, OF WHICH APPROXIMATELY 2,022 ROUNDS WERE NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Pain President (through 2/23) | OfficerTrustee | 11 | $0 |
John Hoag Treasurer (through 2/23) | OfficerTrustee | 10 | $0 |
Steve Bieritz VP (through 2/23); President (as Of 2/23) | OfficerTrustee | 10 | $0 |
Jim Klein Secretary (through 2/23) | OfficerTrustee | 5 | $0 |
Steve Brown Director (through 2/23); VP (as Of 2/23) | OfficerTrustee | 9 | $0 |
Katie Hopper Director (through 2/23); Secretary (as Of 2/23) | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcgriff Insurance Insurance Agent | 12/30/23 | $761,693 |
Kra Architecture & Design Architectural Services | 12/30/23 | $124,433 |
Carolina Sportscare Operating Management - Community Ctr | 12/30/23 | $378,858 |
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 | $7,823,677 |
| Investment income | $383,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,634,146 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,933,676 |
| 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 | $3,901,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,148,511 |
| 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 | $123,558 |
| 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 | $8,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593,169 |
| Insurance | $686,620 |
| All other expenses | $631,062 |
| Total functional expenses | $11,134,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,789,155 |
| Savings and temporary cash investments | $1,876,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $509,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $101,152 |
| Prepaid expenses and deferred charges | $357,963 |
| Net Land, buildings, and equipment | $17,991,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,958,229 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,259,174 |
| Total assets | $29,842,709 |
| Accounts payable and accrued expenses | $566,457 |
| Grants payable | $0 |
| Deferred revenue | $19,400 |
| 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 | $953,589 |
| Total liabilities | $1,539,446 |
| Net assets without donor restrictions | $28,303,263 |
| 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 | $29,842,709 |