Country Club At Woodfield
- Assets
- $127.5m
- Revenue
- $37.5m
- Investments
- $617.5k
- Employees
- 910
- Location
- Boca Raton, FL
- Founding
- 04/1999
- Data as of
- 10/2023
- EIN
- 59-2799884
Organization Overview
Country Club At Woodfield is located in Boca Raton, FL. The organization was established in 1999. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Country Club At Woodfield employed 910 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club At Woodfield 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, Country Club At Woodfield generated $37.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $42.8m during the year ending 10/2023. While expenses have increased by 7.5% 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 PROVIDES/MAINTAINS A CLUBHOUSE, GOLF COURSE, FITNESS FACILITY AND TENNIS FACILITY FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hertzberg Treasurer (through 3/30)/director (as Of 3/30) | OfficerTrustee | 30 | $0 |
Maxine Hochhauser President (11/1/22-10/31/23) | OfficerTrustee | 30 | $0 |
Beverly Feurring Vice President (11/1/22 - 03/30/23) | OfficerTrustee | 30 | $0 |
Marissa Katz Director (11/1/22 - 10/31/23) | Trustee | 30 | $0 |
Robert Schwartz Secretary (11/1/22-03/30/23) Director (03/30/23 | OfficerTrustee | 30 | $0 |
Amanda Ratushny Director (11/01/22)/vice-President(03/30/23-10/31) | Trustee | 30 | $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 | $31,447,356 |
| Investment income | $122,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$353,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,719,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,494,310 |
| 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 | $20,484,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,837,489 |
| 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 | $192,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,887,388 |
| Insurance | $1,112,958 |
| All other expenses | $2,365,948 |
| Total functional expenses | $42,772,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,768,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,644,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,054,572 |
| Prepaid expenses and deferred charges | $1,363,998 |
| Net Land, buildings, and equipment | $69,837,407 |
| Investments—publicly traded securities | $4,979,327 |
| Investments—other securities | $617,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,280,768 |
| Total assets | $127,546,310 |
| Accounts payable and accrued expenses | $5,068,913 |
| Grants payable | $0 |
| Deferred revenue | $34,112,800 |
| 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 | $11,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,357,641 |
| Total liabilities | $52,539,354 |
| Net assets without donor restrictions | $75,006,956 |
| 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 | $127,546,310 |