Governors Club Inc
- Assets
- $5.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 122
- Location
- Tallahassee, FL
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 59-2118294
Organization Overview
Governors Club Inc is located in Tallahassee, FL. The organization was established in 1982. 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 06/2022, Governors Club Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governors 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 06/2022, Governors Club Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO PROVIDING MEMORABLE EXPERIENCES THROUGH EXCELLENCE IN DINING, SPIRITS, SERVICE, STAFF AND FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING AND MEETING FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli Nortelus Director | Trustee | 1 | $0 |
Samantha Ferrin Director | Trustee | 1 | $0 |
John O Clark Director | Trustee | 1 | $0 |
Dr Frank Gredler Director | Trustee | 1 | $0 |
Robert Hawken Director | Trustee | 1 | $0 |
Elizabeth Emmanuel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $48,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,158 |
| 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 | $1,385,146 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,862,733 |
| 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. | $211,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,039,051 |
| Pension plan accruals and contributions | $8,211 |
| Other employee benefits | $23,665 |
| Payroll taxes | $138,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,301 |
| Advertising and promotion | $108,917 |
| Office expenses | $341,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,480 |
| Insurance | $132,154 |
| All other expenses | $0 |
| Total functional expenses | $2,649,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490 |
| Savings and temporary cash investments | $1,361,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,633 |
| Prepaid expenses and deferred charges | $3,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,203 |
| Total assets | $5,332,729 |
| Accounts payable and accrued expenses | $197,438 |
| Grants payable | $0 |
| Deferred revenue | $31,920 |
| 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 | $1,229,060 |
| Total liabilities | $1,458,418 |
| Net assets without donor restrictions | $3,874,311 |
| 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 | $3,874,311 |