Anglers Club Members Association Inc & Subsidiary
- Assets
- $28.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 119
- Location
- Key Largo, FL
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 59-2283167
Organization Overview
Anglers Club Members Association Inc & Subsidiary is located in Key Largo, FL. The organization was established in 1999. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Anglers Club Members Association Inc & Subsidiary employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anglers Club Members Association Inc & Subsidiary 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, Anglers Club Members Association Inc & Subsidiary generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER WITH A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson Abanto Chairman/treasurer | OfficerTrustee | 5 | $0 |
Stephen P Spenlinhauer Vice Chairman | OfficerTrustee | 5 | $0 |
Nick Lanni Vice President | OfficerTrustee | 5 | $0 |
Linda Haury Secretary | OfficerTrustee | 5 | $0 |
Brian Cadieux Commodore | OfficerTrustee | 1 | $0 |
Richard Grasso Governor | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peacock And Lewis Architectual Services | 6/29/20 | $616,159 |
Sharpe Project Developments Project Management Services | 6/29/20 | $266,778 |
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 | $3,630,828 |
| Investment income | $6,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,873,409 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,728,291 |
| 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. | $354,683 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,016,253 |
| Pension plan accruals and contributions | $35,237 |
| Other employee benefits | $373,121 |
| Payroll taxes | $233,548 |
| 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 | $414,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,561,893 |
| Insurance | $524,739 |
| All other expenses | $523,875 |
| Total functional expenses | $7,550,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,008,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $733,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,493 |
| Prepaid expenses and deferred charges | $221,692 |
| Net Land, buildings, and equipment | $21,108,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,499,777 |
| Intangible assets | $0 |
| Other assets | $325,007 |
| Total assets | $28,036,383 |
| Accounts payable and accrued expenses | $580,525 |
| Grants payable | $0 |
| Deferred revenue | $6,045 |
| 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 | $51,743 |
| Other liabilities | $3,462,037 |
| Total liabilities | $4,100,350 |
| Net assets without donor restrictions | $23,936,033 |
| 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 | $28,036,383 |