Aberdeen Golf & Country Club Inc
- Assets
- $55.7m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 266
- Location
- Boynton Beach, FL
- Founding
- 04/1999
- Data as of
- 11/2021
- EIN
- 65-0704698
Organization Overview
Aberdeen Golf & Country Club Inc is located in Boynton Beach, 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 11/2021, Aberdeen Golf & Country Club Inc employed 266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aberdeen Golf & 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 11/2021, Aberdeen Golf & Country Club Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $15.0m during the year ending 11/2021. While expenses have increased by 6.4% 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.
Form
990
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 & RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT, GOLFING, TENNIS, & FITNESS FACILITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dipietro Coo/gm | Officer | 65 | $541,733 |
Marlow Yurick Chief Financial Officer | Officer | 60 | $214,414 |
Jeff Terentieff Executive Chef | 65 | $160,319 | |
Matthew Cann Golf Superintendent | 58 | $154,015 | |
Karen Kraft Hr Director | 40 | $142,407 | |
Christopher Lee Director Of Tennis | 65 | $121,866 |
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 | $11,089,688 |
| Investment income | $12,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $312,968 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,720,029 |
| 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 | $5,693,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,406,994 |
| 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 | $717,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,289,519 |
| Insurance | $397,348 |
| All other expenses | $740,881 |
| Total functional expenses | $15,020,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,690,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,251,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,200 |
| Prepaid expenses and deferred charges | $345,820 |
| Net Land, buildings, and equipment | $36,242,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,947 |
| Total assets | $55,724,484 |
| Accounts payable and accrued expenses | $1,340,763 |
| Grants payable | $0 |
| Deferred revenue | $6,779,729 |
| 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 | $18,985,694 |
| Total liabilities | $27,106,186 |
| Net assets without donor restrictions | $28,618,298 |
| 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 | $55,724,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |