Field Club Inc
- Assets
- $11.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 174
- Location
- Sarasota, FL
- Founding
- 12/1958
- Data as of
- 12/2023
- EIN
- 59-0813992
Organization Overview
Field Club Inc is located in Sarasota, FL. The organization was established in 1958. 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, Field Club Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Field 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, Field Club Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $7.6m during the year ending 12/2023. While expenses have increased by 5.1% 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
THE OBJECTIVES OF THE CLUB ARE TO ESTABLISH, MAINTAIN AND CONDUCT A CLUB FOR THE ACCOMMODATION OF ITS MEMBERS, TO PROVIDE A CLUBHOUSE AND OTHER CONVENIENCES FOR ITS MEMBERS AND THEIR GUESTS AND, GENERALLY, TO AFFORD MEMBERS AND THEIR GUESTS THE PRIVILEGES, ADVANTAGES, CONVENIENCES AND ACCOMMODATIONS OF A CLUB ESTABLISHED TO PROMOTE SOCIAL, RECREATIONAL AND ATHLETIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A CLUBHOUSE, RESTAURANT, TENNIS COURTS, SWIMMING POOL, AND YACHT BASIN FOR A MAXIMUM OF 600 FULL MEMBERS (AVERAGE 640 FULL AND PROVISIONAL MEMBERS IN 2023) TO PROMOTE PERSONAL CONTACT AND CO-MINGLING AMONG MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Papazian General Manager | Officer | 40 | $399,719 |
Winston Owen Director Of Tennis | 40 | $197,825 | |
Eileen A Sarris CFO | Officer | 40 | $179,206 |
Mary Evelyn Guyton Director | Trustee | 1 | $0 |
E John Wagner Past Commodore | OfficerTrustee | 1 | $0 |
Edmund W Morton Commodore | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holliday Group Llc Construction | 12/30/19 | $249,709 |
Care Electric Inc Lighting In Parking Lots | 12/30/19 | $123,527 |
Aw Hughey Construction Services Llc Construction | 12/30/19 | $116,813 |
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 | $8,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,425 |
| Total Program Service Revenue | $6,045,505 |
| Investment income | $199,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,123,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,393,469 |
| 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. | $637,049 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,130,301 |
| Pension plan accruals and contributions | $96,917 |
| Other employee benefits | $442,604 |
| Payroll taxes | $324,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,636 |
| Fees for services: Accounting | $15,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,994 |
| Office expenses | $76,492 |
| Information technology | $50,666 |
| Royalties | $0 |
| Occupancy | $1,057,671 |
| Travel | $4,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574,387 |
| Insurance | $47,257 |
| All other expenses | $269,378 |
| Total functional expenses | $7,575,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,522 |
| Savings and temporary cash investments | $4,207,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,155,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,145 |
| Prepaid expenses and deferred charges | $144,879 |
| Net Land, buildings, and equipment | $5,331,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,824 |
| Total assets | $11,108,122 |
| Accounts payable and accrued expenses | $437,890 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $485,469 |
| Total liabilities | $923,359 |
| Net assets without donor restrictions | $10,184,763 |
| 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 | $11,108,122 |