Bonita Bay Club Inc
- Assets
- $91.3m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 533
- Location
- Bonita Springs, FL
- Founding
- 06/2010
- Data as of
- 06/2021
- EIN
- 27-0155624
Organization Overview
Bonita Bay Club Inc is located in Bonita Springs, FL. The organization was established in 2010. 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 06/2021, Bonita Bay Club Inc employed 533 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonita Bay 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 06/2021, Bonita Bay Club Inc generated $30.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $35.8m during the year ending 06/2021. While expenses have increased by 4.0% 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 AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS FIVE 18-HOLE GOLF COURSES. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 6/30/21 WERE APPROXIMATELY 130,118 OF WHICH 18,478 WERE NON-MEMBER RELATED.
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR WAS $4,170,513 OF WHICH $231,778 WAS NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Fung General Manager | Officer | 50 | $506,259 |
Hal Akins Director Of Golf Course Op | 40 | $429,963 | |
Ej Mcdonnell Director Of Golf | 40 | $273,572 | |
Stephanie Glasco Director Of Membership | 40 | $235,251 | |
Richard Brumm Director Of Culinary | 40 | $208,147 | |
Rebecca Hunter Director Of Finance | Officer | 40 | $198,236 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mvp Workforce Temporary Labor | 6/29/20 | $632,820 |
Hill & Forrest Architects/engineering | 6/29/20 | $243,446 |
Five County Insurance Insurance | 6/29/20 | $474,299 |
Zenith Insurance Company Insurance | 6/29/20 | $217,010 |
Softrim Llc It Services | 6/29/20 | $164,879 |
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 | $27,928,227 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,328,618 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,477,869 |
| 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 | $15,075,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,961,109 |
| Payroll taxes | $1,222,220 |
| 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 | $340,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,859,741 |
| Insurance | $765,848 |
| All other expenses | $1,528,570 |
| Total functional expenses | $35,787,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,597,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $992,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $860,767 |
| Prepaid expenses and deferred charges | $535,023 |
| Net Land, buildings, and equipment | $81,839,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,431,274 |
| Total assets | $91,256,016 |
| Accounts payable and accrued expenses | $2,660,960 |
| Grants payable | $0 |
| Deferred revenue | $2,431,101 |
| 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 | $4,023,232 |
| Total liabilities | $9,115,293 |
| Net assets without donor restrictions | $82,021,129 |
| Net assets with donor restrictions | $119,594 |
| 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 | $91,256,016 |
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 |