Bay Colony Golf Club Inc
- Assets
- $34.3m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 137
- Location
- Naples, FL
- Founding
- 04/2002
- Data as of
- 07/2023
- EIN
- 65-0473088
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| 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 |
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 | $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 |