Fountains Country Club Inc
- Assets
- $0.0
- Revenue
- -$5.7m
- Investments
- $0.0
- Employees
- 280
- Location
- Lake Worth, FL
- Founding
- 07/1999
- Data as of
- 04/2018
- EIN
- 59-1929720
Organization Overview
Fountains Country Club Inc is located in Lake Worth, FL. The organization was established in 1999. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 04/2018, Fountains Country Club Inc employed 280 individuals. Fountains Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
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 DINING AND GOLFING FACILITIES TO APPROXIMATELY 934 MEMBERS.
THE CLUB'S REVENUE FROM FOOD & BEVERAGE SALES TOTALED $645,566 FOR THE YEAR ENDED 4/30/18.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hamburger President | OfficerTrustee | 1 | $0 |
Harriet Miller 1st Vice President | OfficerTrustee | 1 | $0 |
Janet Kresge 2nd Vice President | OfficerTrustee | 1 | $0 |
Ronald Hoffman Treasurer | OfficerTrustee | 1 | $0 |
Sydney Freifelder Secretary | OfficerTrustee | 1 | $0 |
Kerri Milan Director Of Finance | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Kantula Services Inc Valet | 12/30/17 | $548,473 |
Cole Scott And Kissane Pa Legal | 12/30/17 | $312,540 |
Ryvor Group Temporary Employment | 12/30/17 | $165,107 |
View All Vendors
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 | $2,379,205 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,514,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $413,210 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$5,699,588 |
| 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 | $883,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,006 |
| Payroll taxes | $103,492 |
| 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 | $72,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,896 |
| Insurance | $141,092 |
| All other expenses | $0 |
| Total functional expenses | $2,985,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
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Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |
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Bath And Tennis Club Inc Palm Beach, FL | $38,923,467 | $10,953,480 |
Amelia Island Equity Club Inc Amelia Island, FL | $30,919,425 | $13,194,414 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Pelicans Nest Golf Club Inc Bonita Springs, FL | $34,019,545 | $10,579,269 |