Wyndemere Country Club Inc
- Assets
- $51.8m
- Revenue
- $13.6m
- Investments
- $5.4m
- Employees
- 147
- Location
- Naples, FL
- Founding
- 08/1991
- Data as of
- 08/2023
- EIN
- 65-0049486
Organization Overview
Wyndemere Country Club Inc is located in Naples, FL. The organization was established in 1991. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Wyndemere Country Club Inc employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyndemere 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 08/2023, Wyndemere Country Club Inc generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $16.5m during the year ending 08/2023. While expenses have increased by 6.1% 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
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 RECREATIONAL FACILITIES FOR ITS MEMBERS. THE CLUB MAINTAINS AND OPERATES A GOLF COURSE, TENNIS COURTS, AND AQUATIC FACILITIES. THE CLUB MAINTAINS DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS. THE CLUB HAS A 27 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 08/31/23 WAS APPROXIMATELY 49,626 OF WHICH APPROXIMATELY 5,711 ROUNDS WERE NON-MEMBER RELATED.
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 08/31/23 WAS $2,587,223 OF WHICH $168,748 WAS NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Drapeau President | OfficerTrustee | 2 | $0 |
Jim Stanley Vice President | OfficerTrustee | 2 | $0 |
Karen Osar Secretary | OfficerTrustee | 2 | $0 |
Jack Condon Treasurer | OfficerTrustee | 2 | $0 |
Brad Green Director | Trustee | 2 | $0 |
Patrick Martin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $521,263 |
| 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 | $521,263 |
| Total Program Service Revenue | $10,817,586 |
| Investment income | $124,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,316,958 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,555,564 |
| 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 | $6,370,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,442,289 |
| 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 | $535,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,369,099 |
| Insurance | $437,977 |
| All other expenses | $700,845 |
| Total functional expenses | $16,535,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,040,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,318,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $419,815 |
| Prepaid expenses and deferred charges | $384,579 |
| Net Land, buildings, and equipment | $38,127,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,380,391 |
| Investments—program-related | $283,217 |
| Intangible assets | $0 |
| Other assets | $1,849,571 |
| Total assets | $51,804,280 |
| Accounts payable and accrued expenses | $1,962,775 |
| Grants payable | $0 |
| Deferred revenue | $100,204 |
| 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 | $12,625,000 |
| Other liabilities | $1,990,056 |
| Total liabilities | $16,678,035 |
| Net assets without donor restrictions | $35,126,245 |
| 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 | $51,804,280 |