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.
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 |
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 |