Royal Poinciana Golf Club Inc
- Assets
- $64.5m
- Revenue
- $23.0m
- Investments
- $5.7m
- Employees
- 301
- Location
- Naples, FL
- Founding
- 11/1990
- Data as of
- 09/2023
- EIN
- 59-1215667
Organization Overview
Royal Poinciana Golf Club Inc is located in Naples, FL. The organization was established in 1990. 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, Royal Poinciana Golf Club Inc employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Poinciana Golf 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, Royal Poinciana Golf Club Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $28.1m during the year ending 09/2023. While expenses have increased by 6.0% 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
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES GOLF, TENNIS, DINING AND ENTERTAINMENT TO ITS MEMBERS. SOCIALIZING AND SPORTS ACTIVITIES ARE THE MEANS BY WHICH THE CLUB ACCOMPLISHES ITS EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Thoma President | OfficerTrustee | 1 | $0 |
Dennis Nally Vice President | OfficerTrustee | 1 | $0 |
Mike Norman Vice President | OfficerTrustee | 1 | $0 |
John Morse Treasurer | OfficerTrustee | 1 | $0 |
John Neighbours Secretary | OfficerTrustee | 1 | $0 |
Paula Brothers Director | Trustee | 1 | $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 | $17,918,964 |
| Investment income | $583,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$376,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,501,277 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,016,859 |
| 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 | $10,543,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,164,297 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $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 | $302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,038,918 |
| Insurance | $0 |
| All other expenses | $4,144,894 |
| Total functional expenses | $28,111,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921 |
| Savings and temporary cash investments | $24,049,785 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $645,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $754,572 |
| Prepaid expenses and deferred charges | $668,669 |
| Net Land, buildings, and equipment | $31,857,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,745,144 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $794,232 |
| Total assets | $64,516,848 |
| Accounts payable and accrued expenses | $3,655,403 |
| Grants payable | $0 |
| Deferred revenue | $13,252,252 |
| 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 | $1,985,400 |
| Total liabilities | $18,893,055 |
| Net assets without donor restrictions | $45,623,793 |
| 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 | $64,516,848 |