Loblolly Inc

Organization Overview

Loblolly Inc is located in Hobe Sound, 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 06/2021, Loblolly Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loblolly Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 06/2021, Loblolly Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $8.9m during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 6 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.

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 HAS AN 18-HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED DURING THE YEAR WERE APPROXIMATELY 17,911 OF WHICH 0 WERE NONMEMBER RELATED.


THE CLUB OPERATES AND MAINTAINS A CLUBHOUSE FOR MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR TOTALED $908,270 OF WHICH 0 WERE NONMEMBER RELATED.


THE CLUB OPERATES AND MAINTAINS TENNIS COURT AND FITNESS FACILITIES. TOTAL REVENUES FOR THE YEAR FOR THESE ACTIVITIES WAS $56,874 OF WHICH 0 WERE NONMEMBER RELATED.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Schuette Golf Llc
Golf Operations
$504,705
Theron Bass
Tennis Pro
$145,482
Cheryl Dilg
Spa Director
$274,371
View All Vendors

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$6,515,185
Investment income $184,248
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$205,436
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $465,103
Miscellaneous Revenue$0
Total Revenue $7,374,777

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