Oaks Club Corporation
- Assets
- $43.7m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 213
- Location
- Osprey, FL
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 59-2369514
Organization Overview
Oaks Club Corporation is located in Osprey, FL. The organization was established in 2006. 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 12/2022, Oaks Club Corporation employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks Club Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Oaks Club Corporation generated $18.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $17.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE AND MAINTAIN A CLUB WHICH AFFORDS WORLD-CLASS GOLF, TENNIS, SOCIAL FACILITIES AND ACTIVITIES FOR THE BENEFIT AND USE OF ITS MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AND MAINTAINING THE CLUB FACILITIES FOR THE BENEFIT AND USEOF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Lockie President (through 3/22) | OfficerTrustee | 6.5 | $0 |
Lou Richardson-Rhyne Treasurer (through 3/22)/president (as Of 4/22) | OfficerTrustee | 6.5 | $0 |
Allison Cooke Kellogg Vice President | OfficerTrustee | 6.5 | $0 |
Kenneth Fischl Secretary | OfficerTrustee | 6.5 | $0 |
Stephen Blowers Treasurer (as Of 4/22) | OfficerTrustee | 6.5 | $0 |
Paul Schachter Board Member | Trustee | 6.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tee Off Temps Temporary Labor | 12/30/22 | $1,269,956 |
March & Mclennan Agency Llc General Insurance | 12/30/22 | $642,469 |
Barbara Ford-coates Tax Collector Property Tax | 12/30/22 | $226,513 |
United Health Care Medical Insurance | 12/30/22 | $471,018 |
Aetna Medical Insurance | 12/30/22 | $202,498 |
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 | $12,275,345 |
| Investment income | $53,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,295 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,471,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,355,537 |
| 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 | $5,741,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,132,503 |
| Payroll taxes | $0 |
| 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 | $211,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,481,913 |
| Insurance | $456,037 |
| All other expenses | $1,895,684 |
| Total functional expenses | $17,247,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,436,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,934,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $337,663 |
| Prepaid expenses and deferred charges | $1,296,396 |
| Net Land, buildings, and equipment | $26,656,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,043,279 |
| Total assets | $43,704,990 |
| Accounts payable and accrued expenses | $1,958,956 |
| Grants payable | $0 |
| Deferred revenue | $3,426,563 |
| 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 | $5,614,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,780,516 |
| Total liabilities | $15,780,197 |
| Net assets without donor restrictions | $27,924,793 |
| 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 | $43,704,990 |