Redmont Recreation Club Inc
- Assets
- $254.7k
- Revenue
- $417.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Red Bay, AL
- Founding
- 04/1966
- Data as of
- 07/2022
- EIN
- 63-0502849
Organization Overview
Redmont Recreation Club Inc is located in Red Bay, AL. The organization was established in 1966. 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 07/2022, Redmont Recreation Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redmont Recreation 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 07/2022, Redmont Recreation Club Inc generated $417.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $430.3k during the year ending 07/2022. While expenses have increased by 12.9% per year over the past 7 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
PROVIDE RECREATIONAL ACTIVITIES FOR A RURAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL ACTIVITIES FOR A RURAL AREA.
TOURNAMENT, RENTAL, AND REBATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marco Bostick President | OfficerTrustee | $0 | |
Dane Ezell Secretary | OfficerTrustee | $0 | |
Austin Sparks Vice Preside | OfficerTrustee | $0 | |
Alan Bostick Board Member | Trustee | $0 | |
Mike Kennedy Board Member | Trustee | $0 | |
Casey Keeton Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,873 |
| 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 | $146,873 |
| Total Program Service Revenue | $143,923 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,503 |
| 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 | $23,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| 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 | $2,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,329 |
| Insurance | $17,877 |
| All other expenses | $11,600 |
| Total functional expenses | $430,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $888 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,262 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $119,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,685 |
| Accounts payable and accrued expenses | $15,581 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $27,608 |
| Secured mortgages and notes payable | $322,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,742 |
| Total liabilities | $370,241 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $108,133 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$223,689 |
| Total liabilities and net assets/fund balances | $254,685 |
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Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
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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 |