Landings Club Inc
- Assets
- $76.2m
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 807
- Location
- Savannah, GA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 58-1824781
Organization Overview
Landings Club Inc is located in Savannah, GA. The organization was established in 2002. 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 12/2021, Landings Club Inc employed 807 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landings 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, Landings Club Inc generated $43.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $43.7m during the year ending 12/2021. While expenses have increased by 5.6% 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
CREATE A FULFILLING LIFESTYLE BOUND BY RELEVANT ACTIVITIES AND ENDURING RELATIONSHIPS, SERVED BY EMPOWERED, GENUINELY CARING SERVICE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Freund Executive Director | Officer | 40 | $1,141,624 |
Chris Kader Director Of Tennis | 40 | $355,613 | |
Scott Justman Director Of Golf | 40 | $287,528 | |
Kevin Walters Director Of Clubhouse Oper | 40 | $284,779 | |
Jesse Ruben Director Of Finance | Officer | 40 | $245,572 |
Gary Laorfano Dir. Of Membership | 40 | $241,187 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triple H Services Llc Landscaping | 12/30/19 | $864,721 |
Usi Insurance Services Llc Insurance Broker | 12/30/19 | $455,437 |
Kelley's Clearing And Grinding Tree Service | 12/30/19 | $186,092 |
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 | $24,208,721 |
| Investment income | $43,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,205 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,519,325 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,044,375 |
| 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. | $1,877,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,274,947 |
| Pension plan accruals and contributions | $224,681 |
| Other employee benefits | $1,353,637 |
| Payroll taxes | $1,367,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,351 |
| Fees for services: Accounting | $68,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,826 |
| Advertising and promotion | $634,508 |
| Office expenses | $1,418,855 |
| Information technology | $35,593 |
| Royalties | $0 |
| Occupancy | $2,067,472 |
| Travel | $67,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $443,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,302,116 |
| Insurance | $804,849 |
| All other expenses | $1,010,305 |
| Total functional expenses | $43,650,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $7,395,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,457,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,218,288 |
| Prepaid expenses and deferred charges | $659,494 |
| Net Land, buildings, and equipment | $60,134,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,791 |
| Total assets | $76,235,389 |
| Accounts payable and accrued expenses | $3,528,304 |
| Grants payable | $0 |
| Deferred revenue | $5,716,578 |
| 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 | $14,463,166 |
| Total liabilities | $23,708,048 |
| Net assets without donor restrictions | $52,527,341 |
| 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 | $76,235,389 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |