Bear Lakes Country Club Inc is located in West Palm Beach, FL. The organization was established in 1999. 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 09/2023, Bear Lakes Country Club Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Lakes 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, Bear Lakes Country Club Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $13.6m during the year ending 09/2023. While expenses have increased by 6.0% 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 OPERATES 2 GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED DURING THE YEAR WERE APPROXIMATELY 46,195, OF WHICH APPROXIMATELY 11,066 WERE NONMEMBER RELATED.
THE CLUB OPERATES AND MAINTAINS A CLUBHOUSE FOR ITS MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR TOTALED $1,941,457 OF WHICH APPROXIMATELY $249,554 WAS NONMEMBER RELATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Zacharias President | OfficerTrustee | 1 | $0 |
Raj Krishnasamy Vice President | OfficerTrustee | 1 | $0 |
John Kelly Secretary | OfficerTrustee | 1 | $0 |
Janice Demarco Treasurer | OfficerTrustee | 1 | $0 |
Paul Krasker Secretary | OfficerTrustee | 1 | $0 |
John Sanford Director | OfficerTrustee | 1 | $0 |
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 | $10,529,704 |
Investment income | $314,962 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,559 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,140,976 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,262,980 |
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 | $5,325,476 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $648,510 |
Payroll taxes | $337,322 |
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 | $317,898 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,591,647 |
Insurance | $403,770 |
All other expenses | $1,093,284 |
Total functional expenses | $13,637,902 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,274,259 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $700,312 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $419,503 |
Prepaid expenses and deferred charges | $286,675 |
Net Land, buildings, and equipment | $16,917,595 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,165,374 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,015,544 |
Total assets | $31,779,262 |
Accounts payable and accrued expenses | $1,601,678 |
Grants payable | $0 |
Deferred revenue | $5,528,396 |
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 | $6,602,712 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $850,686 |
Total liabilities | $14,583,472 |
Net assets without donor restrictions | $17,195,790 |
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 | $31,779,262 |