Oceanside Golf & Country Club Inc
- Assets
- $10.7m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 199
- Location
- Ormond Beach, FL
- Founding
- 08/1989
- Data as of
- 09/2023
- EIN
- 59-1004935
Organization Overview
Oceanside Golf & Country Club Inc is located in Ormond Beach, FL. The organization was established in 1989. 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 09/2023, Oceanside Golf & Country Club Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanside Golf & 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 09/2023, Oceanside Golf & Country Club Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $7.2m during the year ending 09/2023. While expenses have increased by 7.0% 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Main General Mana | Officer | 40 | $239,148 |
Michael Sanders Tennis Pro | 40 | $173,393 | |
Kelly Lawrence Dir Of Membe | 40 | $145,715 | |
Jason Hrynkiw Golf Pro | 40 | $139,823 | |
Clinton Lefabvre Executive Ch | 40 | $115,279 | |
Tara Heard Controller | 40 | $111,793 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Food Supply Of Daytona Beach Food Supplies | 9/29/23 | $417,007 |
Sysco Jacksonville Food Supplies | 9/29/23 | $208,500 |
Republic National Distributing Co Beverage Suppli | 9/29/23 | $118,428 |
Southern Glazer's Of Florida Beverage Suppli | 9/29/23 | $173,948 |
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 | $14,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,271 |
| Total Program Service Revenue | $5,402,030 |
| Investment income | $1,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,223,135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,728,722 |
| 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 | $3,330,522 |
| Pension plan accruals and contributions | $72,005 |
| Other employee benefits | $41,397 |
| Payroll taxes | $299,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,336 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,576 |
| Office expenses | $32,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $938,637 |
| Insurance | $434,955 |
| All other expenses | $632,174 |
| Total functional expenses | $7,223,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,883 |
| Savings and temporary cash investments | $571,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $781,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $318,409 |
| Prepaid expenses and deferred charges | $241,044 |
| Net Land, buildings, and equipment | $8,542,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,277 |
| Other assets | $19,914 |
| Total assets | $10,689,080 |
| Accounts payable and accrued expenses | $587,007 |
| 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 | $325,000 |
| Secured mortgages and notes payable | $3,771,176 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $541,637 |
| Total liabilities | $5,274,820 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $788,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,626,260 |
| Total liabilities and net assets/fund balances | $10,689,080 |