The Club at Pennbrooke Fairways Inc
- Assets
- $1.8m
- Revenue
- $908.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Leesburg, FL
- Founding
- Data as of
- 09/2022
- EIN
- 90-0268521
Organization Overview
The Club at Pennbrooke Fairways Inc is located in Leesburg, FL. As of 09/2022, Club at Pennbrooke Fairways Inc employed 12 individuals. Club at Pennbrooke Fairways Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Club at Pennbrooke Fairways Inc generated $908.8k in total revenue. All expenses for the organization totaled $841.4k during the year ending 09/2022. While expenses have increased by 61.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL GOLF AND DINING FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE GOLF AND DINIBG FACILITIES FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Huhn Treasurer | Officer | 35 | $0 |
Cheryl Adams Secretary | Officer | 25 | $0 |
John Ols President | Officer | 35 | $0 |
Dave Schroeder Director | Trustee | 10 | $0 |
Julie Mcauley Director | Trustee | 20 | $0 |
Dave Bozoti Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $310,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,208 |
| Total Program Service Revenue | $42,323 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$31,258 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,757 |
| 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 | $54,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,767 |
| Fees for services: Accounting | $2,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,073 |
| Office expenses | $0 |
| Information technology | $3,491 |
| Royalties | $0 |
| Occupancy | $110,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,377 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $841,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,730 |
| 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 | $41,142 |
| Net Land, buildings, and equipment | $1,594,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,806,531 |
| Accounts payable and accrued expenses | $151,810 |
| 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 | $72,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $224,762 |
| Net assets without donor restrictions | $0 |
| 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 | $1,581,769 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,806,531 |
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