Atlantis Golf Club Inc
- Assets
- $6.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 96
- Location
- Atlantis, FL
- Founding
- 03/1974
- Data as of
- 10/2020
- EIN
- 59-1361946
Organization Overview
Atlantis Golf Club Inc, operating under the name Lost City Golf Club, is located in Atlantis, FL. The organization was established in 1974. 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 10/2020, Lost City Golf Club employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost City Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Lost City Golf Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.5m during the year ending 10/2020. While expenses have increased by 0.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ATLANTIS GOLF CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTIONS OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOLF CLUB OPERATES THREE 9-HOLE GOLF COURSES (TOTAL OF 27 HOLES). FOR THE YEAR ENDED 10/31/20, 29,511 ROUNDS OF GOLF WERE PLAYED ON THE COURSES, INCLUDING NON-MEMBER "RECIPROCAL" ROUNDS OF 4,007.
THE CLUB MAINTAINS A FOOD AND BEVERAGE OPERATION TO PROMOTE ITS MISSION AND ENCOURAGE SOCIAL INTERACTION AMONG MEMBERS.
THE GOLF CLUB OPERATES THREE 9-HOLE GOLF COURSES (TOTAL OF 27 HOLES). FOR THE YEAR ENDED 10/31/20, 29,511 ROUNDS OF GOLF WERE PLAYED ON THE COURSES, INCLUDING NON-MEMBER "RECIPROCAL" ROUNDS OF 4,007.
THE CLUB MAINTAINS A FOOD AND BEVERAGE OPERATION TO PROMOTE ITS MISSION AND ENCOURAGE SOCIAL INTERACTION AMONG MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Mcmahon General Manager | 40 | $138,228 | |
Kathleen Fernandes President | OfficerTrustee | 2 | $0 |
Keith Billings Vice President | OfficerTrustee | 2 | $0 |
Roger Rose Secretary | OfficerTrustee | 2 | $0 |
Donald Greenhalgh Treasurer | OfficerTrustee | 2 | $0 |
Robert Koepka Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $574,036 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,054,796 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,024,936 |
| Pension plan accruals and contributions | $22,406 |
| Other employee benefits | $185,747 |
| Payroll taxes | $151,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,849 |
| Fees for services: Accounting | $17,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,219 |
| 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 | $27,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,655 |
| Insurance | $241,474 |
| All other expenses | $0 |
| Total functional expenses | $4,475,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,489,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,876 |
| Prepaid expenses and deferred charges | $79,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,592 |
| Total assets | $6,560,590 |
| Accounts payable and accrued expenses | $399,354 |
| 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 | $0 |
| Secured mortgages and notes payable | $411,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,075,989 |
| Total liabilities | $1,886,916 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,673,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |