Landings Club Inc
- Assets
- $83.8m
- Revenue
- $60.0m
- Investments
- $0.0
- Employees
- 940
- Location
- Savannah, GA
- Founding
- 05/2002
- Data as of
- 12/2023
- 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 12/2023, Landings Club Inc employed 940 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 12/2023, Landings Club Inc generated $60.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $53.9m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 8 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
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 |
|---|---|---|---|
Bob Hainly President | OfficerTrustee | 10 | $0 |
Mark Lastner Vice-President | OfficerTrustee | 10 | $0 |
Richard Oswald Treasurer | OfficerTrustee | 10 | $0 |
Nancy Early Secretary | OfficerTrustee | 10 | $0 |
Bill Tomassini Governor | Trustee | 10 | $0 |
Dean Philippo Governor | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish Out Of Water Design Interior Designer | 12/30/23 | $241,031 |
Savannah Metal Works Metal Fabrication | 12/30/23 | $181,331 |
L William Bergin Course Renovation | 12/30/23 | $175,122 |
Eduardo Herrera Hernandez General Contractor | 12/30/23 | $124,369 |
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 | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $36,908,303 |
| Investment income | $250,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,017 |
| 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 | $22,630,107 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,982,921 |
| 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. | $1,716,948 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,092,461 |
| Pension plan accruals and contributions | $293,581 |
| Other employee benefits | $1,890,452 |
| Payroll taxes | $1,709,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,271 |
| Fees for services: Accounting | $71,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,755 |
| Advertising and promotion | $505,807 |
| Office expenses | $1,855,917 |
| Information technology | $13,980 |
| Royalties | $0 |
| Occupancy | $2,214,076 |
| Travel | $128,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $287,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,612,519 |
| Insurance | $1,235,180 |
| All other expenses | $1,642,706 |
| Total functional expenses | $53,945,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $9,909,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,642,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,658,357 |
| Prepaid expenses and deferred charges | $1,173,475 |
| Net Land, buildings, and equipment | $62,089,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,322,799 |
| Total assets | $83,796,197 |
| Accounts payable and accrued expenses | $3,625,188 |
| Grants payable | $0 |
| Deferred revenue | $5,861,632 |
| 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 | $12,070,780 |
| Total liabilities | $21,557,600 |
| Net assets without donor restrictions | $62,238,597 |
| 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 | $83,796,197 |