Sara Bay Country Club Inc
- Assets
- $9.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 75
- Location
- Sarasota, FL
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 59-1085637
Organization Overview
Sara Bay Country Club Inc is located in Sarasota, FL. The organization was established in 1964. 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, Sara Bay Country Club Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sara Bay 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 12/2023, Sara Bay Country Club Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 4.1% 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
SOCIAL CLUB ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A CLUBHOUSE, RESTAURANT, LOUNGE, AND GOLFING FACILITIES FOR APPROXIMATELY 400 MEMBERS TO PROMOTE PERSONAL CONTACT AND COMINGLING AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Archbold President | OfficerTrustee | 2 | $0 |
Robert Israeloff Vice President | OfficerTrustee | 2 | $0 |
Gary Cole Secretary | OfficerTrustee | 2 | $0 |
Mark Scott Treasurer | OfficerTrustee | 2 | $0 |
Eric Leininger Admissions Chairman | Trustee | 2 | $0 |
Thomas Degnan Entertainment Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Golf Construction Inc Construction | 12/30/23 | $118,490 |
Abbotts Construction Services Inc Construction | 12/30/23 | $191,311 |
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 | $4,603,643 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $495,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,129,691 |
| 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. | $163,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,783,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,133 |
| Payroll taxes | $155,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,111 |
| Fees for services: Accounting | $13,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,928 |
| Advertising and promotion | $14,438 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,726 |
| Insurance | $232,503 |
| All other expenses | $342,443 |
| Total functional expenses | $4,228,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,831 |
| Savings and temporary cash investments | $332,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $617,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,712 |
| Prepaid expenses and deferred charges | $99,674 |
| Net Land, buildings, and equipment | $5,906,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,967 |
| Total assets | $9,128,454 |
| Accounts payable and accrued expenses | $87,982 |
| Grants payable | $0 |
| Deferred revenue | $1,235,856 |
| 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 | $2,439,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $479,783 |
| Total liabilities | $4,242,900 |
| Net assets without donor restrictions | $0 |
| 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 | $1,635,671 |
| Retained earnings, endowment, accumulated income, or other funds | $3,249,883 |
| Total liabilities and net assets/fund balances | $9,128,454 |