Interlachen Country Club Inc
- Assets
- $25.8m
- Revenue
- $14.6m
- Investments
- $1.1m
- Employees
- 317
- Location
- Winter Park, FL
- Founding
- 11/1984
- Data as of
- 09/2023
- EIN
- 59-2256487
Organization Overview
Interlachen Country Club Inc is located in Winter Park, FL. The organization was established in 1984. 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 09/2023, Interlachen Country Club Inc employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interlachen 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 09/2023, Interlachen Country Club Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $15.9m during the year ending 09/2023. While expenses have increased by 4.9% 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 BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATIONS PROVIDE GOLF, TENNIS, FITNESS, SWIMMING AND DINING FACILITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Havron President | OfficerTrustee | 4 | $0 |
Robert Cohen Vice President (through 11/23) Director (as Of 11/ | OfficerTrustee | 3 | $0 |
Matthew Certo Treasurer | OfficerTrustee | 2 | $0 |
Richards Ford Secretary | OfficerTrustee | 2 | $0 |
Herbert Milner Vice President (as Of 11/23) | OfficerTrustee | 3 | $0 |
Michael Grindstaff Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Duke Energy Electrical Services | 9/29/23 | $391,339 |
Hub International General Business Insurance | 9/29/23 | $308,002 |
Humana Medical Plan Inc Employee Health Insurance | 9/29/23 | $638,162 |
Peter Built Fence Fencing Contractor | 9/29/23 | $390,900 |
Fisher Koppenhafer Pa Architecture & Interior Design | 9/29/23 | $247,033 |
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 | $12,164,919 |
| Investment income | $154,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,245,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,588,161 |
| 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 | $7,646,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,028,966 |
| 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 | $205,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,350,665 |
| Insurance | $312,213 |
| All other expenses | $1,643,118 |
| Total functional expenses | $15,948,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $7,495,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,984,078 |
| Loans from Officers, Directors, or Controlling Persons | $150,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $504,246 |
| Prepaid expenses and deferred charges | $254,487 |
| Net Land, buildings, and equipment | $14,048,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,139,975 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,316 |
| Total assets | $25,817,456 |
| Accounts payable and accrued expenses | $1,053,052 |
| 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 | $121,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,030,309 |
| Total liabilities | $8,204,548 |
| Net assets without donor restrictions | $17,612,908 |
| 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 | $25,817,456 |