Riomar Country Club
- Assets
- $20.0m
- Revenue
- $6.3m
- Investments
- $6.7m
- Employees
- 109
- Location
- Vero Beach, FL
- Founding
- 02/1992
- Data as of
- 12/2023
- EIN
- 59-0422995
Organization Overview
Riomar Country Club is located in Vero Beach, FL. The organization was established in 1992. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Riomar Country Club employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riomar Country Club 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, Riomar Country Club generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 5 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 THROUGH RECREATION AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FOOD, BEVERAGE, AND GOLF FACILITIES TO OVER 400 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne D Randall President | OfficerTrustee | 1 | $0 |
Peter B Mcnitt Vice President | OfficerTrustee | 1 | $0 |
Susan P Wright Treasurer | OfficerTrustee | 1 | $0 |
Douglas K Watson Secretary | OfficerTrustee | 1 | $0 |
Patricia Hemingway Hall Director | Trustee | 1 | $0 |
Laura G Mcdermott Director | Trustee | 1 | $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 | $4,931,608 |
| Investment income | $15,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,273 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,400,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,345,359 |
| 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. | $787,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,687,350 |
| Pension plan accruals and contributions | $53,797 |
| Other employee benefits | $262,064 |
| Payroll taxes | $265,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,426 |
| Fees for services: Accounting | $27,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,702 |
| Advertising and promotion | $0 |
| Office expenses | $14,838 |
| Information technology | $29,904 |
| Royalties | $0 |
| Occupancy | $549,672 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $380,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,094,589 |
| Insurance | $458,450 |
| All other expenses | $204,136 |
| Total functional expenses | $7,946,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,605 |
| Savings and temporary cash investments | $553,474 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $371,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $352,978 |
| Prepaid expenses and deferred charges | $192,691 |
| Net Land, buildings, and equipment | $11,610,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,687,581 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,930 |
| Total assets | $19,982,698 |
| Accounts payable and accrued expenses | $490,884 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,554,188 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $479,370 |
| Total liabilities | $5,524,442 |
| Net assets without donor restrictions | $14,458,256 |
| 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 | $19,982,698 |