Stonebridge Golf & Country Club Of Boca Raton Inc
- Assets
- $26.2m
- Revenue
- $12.0m
- Investments
- $1.3m
- Employees
- 166
- Location
- Boca Raton, FL
- Founding
- 06/1993
- Data as of
- 10/2023
- EIN
- 59-2539217
Organization Overview
Stonebridge Golf & Country Club Of Boca Raton Inc is located in Boca Raton, FL. The organization was established in 1993. As of 10/2023, Stonebridge Golf & Country Club Of Boca Raton Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonebridge Golf & Country Club Of Boca Raton Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Stonebridge Golf & Country Club Of Boca Raton Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $13.6m during the year ending 10/2023. While expenses have increased by 3.6% 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
STONEBRIDGE GOLF AND COUNTRY CLUB PROVIDES GOLF FACILITIES FOR ITS MEMBERS WITH A COMMON BOND. TOTAL ROUNDS OF GOLF FOR THE YEAR ENDING 10/31/23 WERE 32,324 OF WHICH 30,726 WERE MEMBER RELATED.
STONEBRIDGE GOLF AND COUNTRY CLUB PROVIDES A RESTAURANT AND BAR FOR ITS MEMBERS. TOTAL FOOD AND BEVERAGE FOR THE YEAR ENDING 10/31/23 WAS $2,303,833 OF WHICH $1,671,322 WERE MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Colucci President | OfficerTrustee | 2.5 | $0 |
Leslie Greenberg Vice-President | OfficerTrustee | 2.5 | $0 |
Bart Price Treasurer | OfficerTrustee | 2.5 | $0 |
Jeff Schaeffer Secretary | OfficerTrustee | 2.5 | $0 |
Anthony Cioffi Governor | OfficerTrustee | 2.5 | $0 |
Jean Frankel Governor | Trustee | 2.5 | $0 |
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 | $9,892,669 |
| Investment income | $209,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,028,750 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,003,985 |
| 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 | $5,604,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,189,282 |
| 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 | $326,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,496,243 |
| Insurance | $532,833 |
| All other expenses | $810,055 |
| Total functional expenses | $13,620,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,367,101 |
| Savings and temporary cash investments | $5,406,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $426,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $460,002 |
| Prepaid expenses and deferred charges | $257,657 |
| Net Land, buildings, and equipment | $16,191,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,286,836 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $783,919 |
| Total assets | $26,180,400 |
| Accounts payable and accrued expenses | $2,471,117 |
| Grants payable | $0 |
| Deferred revenue | $784,985 |
| 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 | $7,860,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $272,330 |
| Total liabilities | $11,389,104 |
| Net assets without donor restrictions | $14,791,296 |
| 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 | $26,180,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stonebridge Golf & Country Club Of Boca Raton Inc Boca Raton, FL | $26,180,400 | $12,003,985 |
Coosa Country Club Corp Rome, GA | $13,174,494 | $7,318,444 |
Panama Country Club Inc Lynn Haven, FL | $1,477,464 | $2,673,176 |
Country Club Headland, AL | $404,384 | $222,519 |
Universal Autograph Collectors Club Inc Mount Dora, FL | $10,647 | $8,024 |