Bay Colony Golf Club Inc is located in Naples, FL. The organization was established in 2002. 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 07/2023, Bay Colony Golf Club Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Colony Golf 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 07/2023, Bay Colony Golf Club Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $13.1m during the year ending 07/2023. While expenses have increased by 6.2% 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 HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 07/31/23 WAS APPROX. 21,361 OF WHICH APPROX 691 ROUNDS WERE NON-MEMBER RELATED.
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $2,682,458 OF WHICH $783,546 WAS NON-MEMBER RELATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregg Dewitt President | OfficerTrustee | 10 | $0 |
Joe Abruzzese Vice President | OfficerTrustee | 10 | $0 |
Mark Mullin Treasurer | OfficerTrustee | 8 | $0 |
Drew Meyer Secretary | OfficerTrustee | 2 | $0 |
John Griswold Director | Trustee | 2 | $0 |
Cindy Tucci Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Florida Blue Health Insurance | 7/30/21 | $265,603 |
Zurich North America Insurance | 7/30/21 | $134,609 |
Florida Power & Light Company Utilities Services | 7/30/21 | $163,385 |
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 | $8,117,674 |
Investment income | $8,451 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $15,984 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,536,140 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,625,364 |
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 | $5,265,964 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,003,793 |
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 | $18,159 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,220,730 |
Insurance | $274,464 |
All other expenses | $917,054 |
Total functional expenses | $13,087,049 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,614,321 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $186,627 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $365,972 |
Prepaid expenses and deferred charges | $474,717 |
Net Land, buildings, and equipment | $27,569,237 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $89,551 |
Total assets | $34,300,425 |
Accounts payable and accrued expenses | $1,359,006 |
Grants payable | $0 |
Deferred revenue | $2,048,344 |
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 | $780,100 |
Total liabilities | $4,187,450 |
Net assets without donor restrictions | $29,680,225 |
Net assets with donor restrictions | $432,750 |
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 | $34,300,425 |