Eastpointe Country Club Inc
- Assets
- $15.3m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 194
- Location
- Palm Beach Gardens, FL
- Founding
- 05/1979
- Data as of
- 10/2020
- EIN
- 59-1839098
Organization Overview
Eastpointe Country Club Inc is located in Palm Beach Gardens, FL. The organization was established in 1979. 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, Eastpointe Country Club Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastpointe 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 10/2020, Eastpointe Country Club Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $9.5m during the year ending 10/2020. While expenses have increased by 2.2% 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
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE SALES TOTALED $1,644,676 FOR FYE 10/31/20. 63,181 ROUNDS OF GOLF WERE PLAYED DURING THE YEAR, OF WHICH 57,012 WERE MEMBER-RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Wilson Course Grounds Superintendent | Officer | 50 | $175,695 |
Andy Bender Vp - Until 01/2020; Treasurer | OfficerTrustee | 1 | $0 |
Ken Leichman Treasurer - Until 12/2019 | OfficerTrustee | 1 | $0 |
Paul Rogers President | OfficerTrustee | 1 | $0 |
Mike Garofalo VP - As Of 01/2020 | OfficerTrustee | 1 | $0 |
Irene Ross Secretary | OfficerTrustee | 1 | $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 | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,070,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,673,389 |
| 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. | $192,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,914,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $298,928 |
| Payroll taxes | $307,663 |
| Fees for services: Management | $139,840 |
| Fees for services: Legal | $54,202 |
| Fees for services: Accounting | $36,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368,562 |
| Advertising and promotion | $127,255 |
| Office expenses | $523,435 |
| Information technology | $27,661 |
| Royalties | $0 |
| Occupancy | $810,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $753,094 |
| Insurance | $441,581 |
| All other expenses | $0 |
| Total functional expenses | $9,529,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,273,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,455 |
| Prepaid expenses and deferred charges | $91,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,972 |
| Total assets | $15,333,372 |
| Accounts payable and accrued expenses | $913,344 |
| Grants payable | $0 |
| Deferred revenue | $4,282,256 |
| 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 | $2,416,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $338,325 |
| Total liabilities | $7,950,888 |
| 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 | $7,382,484 |
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 |