Riomar Country Club
- Assets
- $20.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 93
- Location
- Vero Beach, FL
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 59-0422995
Organization Overview
Riomar Country Club is located in Vero Beach, FL. The organization was established in 1992. 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 12/2022, Riomar Country Club employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riomar 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 12/2022, Riomar Country Club generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIALIZING AND RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS ONE 18-HOLE GOLF COURSE.
THE CLUB OPERATES AND MAINTAINS A CLUBHOUSE FOR MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR TOTALLED 1,118,208.
THE CLUB OPERATES AND MAINTAINS A PRO SHOP. PROSHOP SALES FOR THE YEAR TOTALED 467,919
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Croumie Coursesuperi | $165,807 | ||
Drew Disesa Headgolfprof | $131,085 | ||
Mark Badertscher General Mana | $121,090 | ||
Wayne D Randall Vice Preside | OfficerTrustee | $0 | |
Michael B Smith President | OfficerTrustee | $0 | |
Susan P Wright Treasurer | OfficerTrustee | $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 | $4,312,737 |
| Investment income | $3,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,172,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,474,412 |
| 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 | $2,717,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $342,763 |
| Payroll taxes | $217,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,747 |
| Fees for services: Accounting | $18,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,582 |
| Advertising and promotion | $0 |
| Office expenses | $16,975 |
| 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 | $145,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,076,001 |
| Insurance | $364,997 |
| All other expenses | $726,769 |
| Total functional expenses | $6,670,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,391 |
| Savings and temporary cash investments | $332,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $336,230 |
| Prepaid expenses and deferred charges | $147,733 |
| Net Land, buildings, and equipment | $12,285,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $293,511 |
| Intangible assets | $0 |
| Other assets | $6,891,932 |
| Total assets | $20,770,121 |
| Accounts payable and accrued expenses | $362,924 |
| 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 | $5,825,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $625,251 |
| Total liabilities | $6,813,175 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $22,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $28,069,117 |
| Retained earnings, endowment, accumulated income, or other funds | -$14,134,271 |
| Total liabilities and net assets/fund balances | $20,770,121 |
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|---|---|---|
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Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
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Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
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Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
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