Turtle Creek Club Inc
- Assets
- $19.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 107
- Location
- Tequesta, FL
- Founding
- 05/1970
- Data as of
- 04/2023
- EIN
- 59-1275620
Organization Overview
Turtle Creek Club Inc is located in Tequesta, FL. The organization was established in 1970. 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 04/2023, Turtle Creek Club Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turtle Creek 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 04/2023, Turtle Creek Club Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.5m during the year ending 04/2023. While expenses have increased by 5.6% 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 THROUGH RECREATION AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES GOLF SERVICES, FOOD AND BEVERAGE SERVICES, AND OTHER SOCIAL ACTIVITIES TO APPROXIMATELY 400 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim O' Neil President | OfficerTrustee | 1 | $0 |
Tom Gilbert Vice President | OfficerTrustee | 1 | $0 |
Joe O'conner Treasurer | OfficerTrustee | 1 | $0 |
Nancy Saunders Secretary | OfficerTrustee | 1 | $0 |
Robert Brunjes Director | Trustee | 1 | $0 |
Roy Hart Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Best Roofing Services Roofing Contracting | 4/29/23 | $129,906 |
Absolute Outdoor Living Outdoor Contracting | 4/29/23 | $158,957 |
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 | $5,294,961 |
| Investment income | $19,127 |
| 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 | $800,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,166,787 |
| 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. | $526,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,732,249 |
| Pension plan accruals and contributions | $22,153 |
| Other employee benefits | $0 |
| Payroll taxes | $604,342 |
| 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 | $77,909 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $730,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $193,796 |
| All other expenses | $0 |
| Total functional expenses | $6,474,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,394 |
| Savings and temporary cash investments | $786,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $796,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250,119 |
| Prepaid expenses and deferred charges | $229,433 |
| Net Land, buildings, and equipment | $12,822,684 |
| Investments—publicly traded securities | $3,580,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,956 |
| Total assets | $19,481,405 |
| Accounts payable and accrued expenses | $488,216 |
| Grants payable | $0 |
| Deferred revenue | $553,746 |
| 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 | $1,027,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $311,837 |
| Total liabilities | $2,381,257 |
| Net assets without donor restrictions | $17,100,148 |
| 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 | $19,481,405 |