Palmetto Club
- Assets
- $38.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 07/1953
- Data as of
- 04/2022
- EIN
- 59-0863397
Organization Overview
Palmetto Club is located in Daytona Beach, FL. The organization was established in 1953. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Palmetto Club generated $67.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $66.9k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY BASED ORGANIZATION PROVIDING FUNDS FOR LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS TO LOCAL CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Adazzio 1st Vice President | 2 | $0 | |
June Rhodes Corresponding Sec | 2 | $0 | |
Judy Langston 3rd Vice President | 2 | $0 | |
Diane Lessard President | 10 | $0 | |
Vicki Teel Treasurer | 10 | $0 | |
Barbara Cameron 2nd Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,630 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,865 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $40,520 |
| Other Revenue | $0 |
| Total Revenue | $67,015 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $53,833 |
| Printing, publications, postage, and shipping | $1,154 |
| Other expenses | $4,501 |
| Total expenses | $66,898 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,685 |
| Other assets | $0 |
| Total assets | $38,439 |
| Total liabilities | $4,000 |
| Net assets or fund balances | $34,439 |
Grants Awarded
Over the last fiscal year, Palmetto Club has awarded $12,204 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VAROUS CHARITABLE ORGANIZATIONSLESS THAN 5000 PER ORGANIZATION PURPOSE: UNRESTRICTED DONATE | $6,204 |
Kennesaw, GA PURPOSE: UNRESTRICTED DONATE | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palmetto Club has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |
Kenneth M And Sue B Henson Charitable Tr Columbus, GA | $128,427 | $4,166 |
Alabama Quality Assurance Foundation Birmingham, AL | $2,705,369 | $2,946,978 |
Adults Mankind Organization Inc Miami, FL | $649,293 | $3,052,521 |
Star Choices Inc Macon, GA | $3,954,236 | $2,942,133 |
American Academy Of Religion Inc Atlanta, GA | $12,832,858 | $1,627,436 |
Intown Community School Ics Atlanta, GA | $2,336,997 | $3,039,044 |