Tequesta Country Club Inc
- Assets
- $14.4m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 119
- Location
- Tequesta, FL
- Founding
- 04/1969
- Data as of
- 11/2022
- EIN
- 59-0814422
Organization Overview
Tequesta Country Club Inc is located in Tequesta, FL. The organization was established in 1969. 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 11/2022, Tequesta Country Club Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tequesta Country 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 11/2022, Tequesta Country Club Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.5m during the year ending 11/2022. While expenses have increased by 6.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CLUB IS TO PROVIDE AND OPERATE A PRIVATE SOCIAL CLUB AND GOLF COURSE FOR THE SOCIAL AND RECREATIONAL BENEFITS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT, GOLF, AND OTHER SOCIAL ACTIVITIES FOR ITS MEMBERS AND NONMEMBERS FROM THE COMMUNITY. THE CLUB HAS OVER 500 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Brown Director Of | Officer | $174,350 | |
Tracy O Bennett Trustee/dire | Trustee | $0 | |
Philip L Cary Trustee/dire | Trustee | $0 | |
Woodruff S Gardner Secretary | OfficerTrustee | $0 | |
Matthew Kuntz President | OfficerTrustee | $0 | |
Dave Mccarthy Trustee/dire | Trustee | $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 | $6,143,485 |
| Investment income | $22,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $806,983 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,957,622 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,348,836 |
| Pension plan accruals and contributions | $50,158 |
| Other employee benefits | $198,783 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $86,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $330,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $603,334 |
| Insurance | $354,432 |
| All other expenses | $302,186 |
| Total functional expenses | $7,548,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,534 |
| Savings and temporary cash investments | $5,979,808 |
| Pledges and grants receivable | $984,903 |
| Accounts receivable, net | $677,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $323,405 |
| Prepaid expenses and deferred charges | $58,118 |
| Net Land, buildings, and equipment | $5,667,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,436,541 |
| Accounts payable and accrued expenses | $632,473 |
| Grants payable | $0 |
| Deferred revenue | $146,172 |
| 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 | $0 |
| Total liabilities | $778,645 |
| Net assets without donor restrictions | $13,657,896 |
| 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 | $14,436,541 |