Indian Spring Golf & Tennis Country Club Inc
- Assets
- $102.0k
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 188
- Location
- Boynton Beach, FL
- Founding
- 12/1994
- Data as of
- 07/2017
- EIN
- 65-0019825
Organization Overview
Indian Spring Golf & Tennis Country Club Inc is located in Boynton Beach, FL. The organization was established in 1994. 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 07/2016, Indian Spring Golf & Tennis Country Club Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Spring Golf & Tennis 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 07/2017, Indian Spring Golf & Tennis Country Club Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $7.7m during the year ending 07/2017. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
INDIAN SPRING COUNTRY CLUB, INC. PROVIDES DINING, GOLF, TENNIS, AND OTHER ATHLECTIC FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNTRY CLUB OPERATES FOR THE PLEASURE AND RECREATION OF ITS MEMBERS, THEIR GUESTS AND OTHER PERMITTED USEERS.
THE COUNTRY CLUB OPERATES FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Gleen Secretary | Officer | $0 | |
David Feller Governor | Officer | $0 | |
Mike Feinberg Governor | Officer | $0 | |
Michael Schleifer Governor | Officer | $0 | |
Harvey Kirsch Governor | Officer | $0 | |
Bob Labanowski Governor | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,370,127 |
| Investment income | $27,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,001,520 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,245,768 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,550,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,253 |
| Payroll taxes | $290,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,636 |
| Fees for services: Accounting | $2,700 |
| 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 | $27,967 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,251,352 |
| Insurance | $128,316 |
| All other expenses | $0 |
| Total functional expenses | $7,704,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,953 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $101,953 |
| 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 |
| Total liabilities and net assets/fund balances | $101,953 |
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|---|---|---|
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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 |
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Pelicans Nest Golf Club Inc Bonita Springs, FL | $34,019,545 | $10,579,269 |