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. 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 09/2021, Bear Lakes Country Club Inc generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. 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
2021
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 31,048, OF WHICH APPROXIMATELY 2,256 WERE NONMEMBER RELATED.
THE CLUB OPERATES AND MAINTAINS A CLUBHOUSE FOR ITS MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR TOTALED $1,037,272 OF WHICH APPROXIMATELY $94,934 WAS NONMEMBER RELATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Sanford Vice President | OfficerTrustee | 1 | $0 |
Charles Zacharias President | OfficerTrustee | 1 | $0 |
John Kelly Secretary | OfficerTrustee | 1 | $0 |
Jim Arrigo Member At Large | OfficerTrustee | 1 | $0 |
Scott Wilson Treasurer | OfficerTrustee | 1 | $0 |
Christian M Ilie General Manager/coo | Officer | 40 | $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 | $5,750,452 |
Investment income | $3,084 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$27,920 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $654,679 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,877,061 |
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 | $3,070,740 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $356,993 |
Payroll taxes | $205,232 |
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 | $333,881 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,315,985 |
Insurance | $235,644 |
All other expenses | $672,834 |
Total functional expenses | $8,818,233 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,878,907 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $379,547 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $226,259 |
Prepaid expenses and deferred charges | $297,660 |
Net Land, buildings, and equipment | $17,597,344 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $706,898 |
Total assets | $27,086,615 |
Accounts payable and accrued expenses | $2,005,570 |
Grants payable | $0 |
Deferred revenue | $4,352,682 |
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 | $7,166,880 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,594,395 |
Total liabilities | $16,119,527 |
Net assets without donor restrictions | $10,967,088 |
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 | $27,086,615 |
Organization Name | Assets | Revenue |
---|---|---|
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |
Loxahatchee Club Inc Jupiter, FL | $33,280,282 | $11,290,558 |
Bath And Tennis Club Inc Palm Beach, FL | $38,923,467 | $10,953,480 |
Amelia Island Equity Club Inc Amelia Island, FL | $30,919,425 | $13,194,414 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Pelicans Nest Golf Club Inc Bonita Springs, FL | $34,019,545 | $10,579,269 |