Field Club Inc
- Assets
- $9.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 153
- Location
- Sarasota, FL
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 59-0813992
Organization Overview
Field Club Inc is located in Sarasota, FL. The organization was established in 1958. 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 12/2021, Field Club Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Field 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 12/2021, Field Club Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES OF THE CLUB ARE TO ESTABLISH, MAINTAIN AND CONDUCT A CLUB FOR THE ACCOMMODATION OF ITS MEMBERS, TO PROVIDE A CLUBHOUSE AND OTHER CONVENIENCES FOR ITS MEMBERS AND THEIR GUESTS AND, GENERALLY, TO AFFORD MEMBERS AND THEIR GUESTS THE PRIVILEGES, ADVANTAGES, CONVENIENCES AND ACCOMMODATIONS OF A CLUB ESTABLISHED TO PROMOTE SOCIAL, RECREATIONAL AND ATHLETIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A CLUBHOUSE, RESTAURANT, TENNIS COURTS, SWIMMING POOL, AND YACHT BASIN FOR A MAXIMUM OF 600 FULL MEMBERS (AVERAGE 619 FULL AND PROVISIONAL MEMBERS IN 2021) TO PROMOTE PERSONAL CONTACT AND CO-MINGLING AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Papazian General Manager | Officer | 40 | $332,518 |
Winston Owen Director Of Tennis | 40 | $159,378 | |
Eileen A Sarris CFO | Officer | 40 | $140,327 |
Edmund W Morton Rear Commodore | OfficerTrustee | 1 | $0 |
Duncan R Yull Secretary | OfficerTrustee | 1 | $0 |
E John Wagner Vice Commodore | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holliday Group Llc Construction | 12/30/19 | $249,709 |
Care Electric Inc Lighting In Parking Lots | 12/30/19 | $123,527 |
Aw Hughey Construction Services Llc Construction | 12/30/19 | $116,813 |
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 | $4,628,516 |
| Investment income | $258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,630,869 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,270,903 |
| 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. | $529,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,588,349 |
| Pension plan accruals and contributions | $69,629 |
| Other employee benefits | $372,961 |
| Payroll taxes | $263,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,192 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,386 |
| Office expenses | $64,851 |
| Information technology | $38,484 |
| Royalties | $0 |
| Occupancy | $744,764 |
| Travel | $1,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,759 |
| Insurance | $41,935 |
| All other expenses | $282,403 |
| Total functional expenses | $6,309,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,379,444 |
| Savings and temporary cash investments | $119,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,016,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $179,373 |
| Prepaid expenses and deferred charges | $82,495 |
| Net Land, buildings, and equipment | $5,002,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,757 |
| Total assets | $9,826,136 |
| Accounts payable and accrued expenses | $365,704 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $245,092 |
| Total liabilities | $610,796 |
| Net assets without donor restrictions | $9,215,340 |
| 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 | $9,826,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
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 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |