Mayacoo Lakes Ii Club Inc
- Assets
- $12.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 76
- Location
- West Palm Beach, FL
- Founding
- 04/2011
- Data as of
- 09/2023
- EIN
- 27-0501192
Organization Overview
Mayacoo Lakes Ii Club Inc, operating under the name Mayacoo Lakes Country Club, is located in West Palm Beach, FL. The organization was established in 2011. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Mayacoo Lakes Country Club employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayacoo Lakes Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Mayacoo Lakes Country Club generated $5.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $5.8m during the year ending 09/2023. While expenses have increased by 9.7% per year over the past 5 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
THE MAYACOO LAKES II CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 8 TENNIS COURTS AND TENNIS RELATED AMENITIES FOR THE BENEFIT OF THE MEMBERS. THERE WERE $4,780 OF NONMEMBER RELATED TENNIS GUEST FEES.
OPERATION OF THE FOOD AND BEVERAGE ACTIVITIES FOR THE MEMBERS AND THEIR GUESTS. THERE WAS $1,025,995 OF TOTAL FOOD AND BEVERAGE SALES OF WHICH $141,131 WAS NON-MEMBER RELATED.
OPERATION OF AN 18 HOLE GOLF COURSE AND OTHER GOLF RELATED AMENITIES FOR THE BENEFIT OF THE MEMBERS. THERE WERE 22,606 TOTAL ROUNDS OF GOLF DURING THE YEAR OF WHICH 5,425 WERE NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Deroche General Manager | 50 | $152,068 | |
Jose Perez Golf Superintendent | 40 | $137,656 | |
Brandon Smith Membership Director | 40 | $131,602 | |
Brent Yohe Director - Greens Chair | Trustee | 2 | $0 |
Richard Kniffin Director - President Emeritus | Trustee | 2 | $0 |
Kevin Probel Director - Golf Chair | Trustee | 2 | $0 |
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 | $5,830,455 |
| Investment income | $22,089 |
| 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 | -$428,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,451,871 |
| 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 | $1,680,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,713 |
| Payroll taxes | $140,994 |
| 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 | $289,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,649 |
| Insurance | $198,849 |
| All other expenses | $629,126 |
| Total functional expenses | $5,777,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,537,438 |
| Savings and temporary cash investments | $3,942,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,459,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,709 |
| Inventories for sale or use | $169,266 |
| Prepaid expenses and deferred charges | $47,144 |
| Net Land, buildings, and equipment | $5,186,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,807 |
| Total assets | $12,375,449 |
| Accounts payable and accrued expenses | $169,155 |
| 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 | $4,396,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,086,882 |
| Total liabilities | $7,652,366 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,309,664 |
| Paid-in or capital surplus, or land, building, or equipment fund | $44,461 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,631,042 |
| Total liabilities and net assets/fund balances | $12,375,449 |