Port Royal Club Inc
- Assets
- $57.7m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 165
- Location
- Naples, FL
- Founding
- 11/1963
- Data as of
- 07/2021
- EIN
- 59-0876282
Organization Overview
Port Royal Club Inc is located in Naples, FL. The organization was established in 1963. 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 07/2021, Port Royal Club Inc employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Royal 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 07/2021, Port Royal Club Inc generated $20.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $13.3m during the year ending 07/2021. While expenses have increased by 2.3% 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 PORT ROYAL CLUB WAS ESTABLISHED IN 1959. IT IS A PRIVATE BEACH CLUB OFFERING DINING, FITNESS, SWIMMING AND SOCIAL SERVICES FOR ITS MEMBERS. PORT ROYAL PROPERTY OWNERSHIP IS REQUIRED FOR MEMBERSHIP. THE CLUB IS OPEN FROM MID-AUGUST TO MID-JULY, WHEN IT CLOSES FOR A MONTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORT ROYAL CLUB (PRC) IS A PRIVATE BEACH CLUB OFFERING DINING, FITNESS, SWIMMING, AND SOCIAL FACILITIES FOR ITS MEMBERS. THE CLUB IS OPEN FROM MID-AUGUST UNTIL MID JULY, WHEN IT CLOSES FOR A MONTH. IN NOVEMBER, THE WELCOME BACK PARTY WELCOMES MEMBERS WHEN THEY COME INTO TOWN BRINGING THEIR FAMILIES FOR THE SEASON.OTHER PARTIES ARE PREPARED TO CELEBRATE IMPORTANT DATES, SUCH AS HALLOWEEN, THANKSGIVING, CHRISTMAS, NEW YEAR'S EVE, SUPER BOWL, VALENTINE'S DAY, EASTER, MEMORIAL DAY AND INDEPENDENCE DAY. A CONTINENTAL BREAKFAST IS OFFERED EVERY MORNING FROM 7:30 TO 10 A.M., EXCEPT ON MONDAYS, NOVEMBER THRU MAY.PRC ALSO OFFERS A LA CARTE LUNCH (12-3 P.M.) AND DINNER (5-9 P.M.) TUESDAY THROUGH SATURDAY, CLOSED SUNDAY EVENINGS MAY TO NOVEMBER. MANY FRIDAY NIGHTS IN SEASON, AT THE MAIN DINING ROOM, THERE IS A SEAFOOD BUFFET, AND TO FINISH THE WEEKEND, THERE IS A SUNDAY BRUNCH AND SUNDAY SUNSET DINNER.THE CLUB CAN ACCOMMODATE UP TO 300 PEOPLE FOR PRIVATE PARTIES INCLUDING BIRTHDAYS, WEDDINGS, CHRISTMAS PARTIES.THE PORT ROYAL CLUB HAS A FITNESS CENTER ACROSS THE STREET FROM THE CLUBHOUSE. AMENITIES INCLUDE: TECHNOGYM EQUIPMENT - AMONG THE FINEST IN THE WORLD, PERSONAL TRAINING, PILATES AND AEROBICS ROOMS. THE MEMBERS CAN ALSO MAKE APPOINTMENTS FOR MASSAGE AND FACIAL TREATMENTS.ALONG WITH THE FITNESS FACILITIES THERE ARE NINE HYDRO-GRID TENNIS COURTS AND A PRO SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Birmingham Former Chief Operating Officer | 40 | $337,467 | |
Karen Naccarato Chief Financial Officer | Officer | 40 | $183,532 |
Charles Hartung Executive Chef | Officer | 40 | $160,684 |
Thomas Mcgraw Director Of Tennis | 40 | $147,529 | |
James Millet Assistant General Manager | 40 | $135,474 | |
Kathleen Hoeft Fitness Director | 40 | $135,416 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lockton Companies Insurance | 7/30/18 | $442,104 |
Resort Talent Talent Agency | 7/30/18 | $128,337 |
Latinamerican Night Cleaners | 7/30/18 | $101,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $423,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $395,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,338,162 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,854,822 |
| Statement of Expenses | |
|---|---|
| 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. | $541,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,889,862 |
| Pension plan accruals and contributions | $216,347 |
| Other employee benefits | $647,569 |
| Payroll taxes | $489,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,923 |
| Fees for services: Accounting | $50,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,872 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,556,794 |
| Insurance | $832,623 |
| All other expenses | $0 |
| Total functional expenses | $13,326,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,980,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $178,719 |
| Prepaid expenses and deferred charges | $1,050,029 |
| Investments—publicly traded securities | $29,765,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,937 |
| Total assets | $57,658,613 |
| Accounts payable and accrued expenses | $1,528,189 |
| Grants payable | $0 |
| Deferred revenue | $6,114,792 |
| 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 | $1,923,727 |
| Total liabilities | $9,566,708 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $48,091,905 |
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|---|---|---|
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Cherokee Town & Country Club Inc Atlanta, GA | $70,405,206 | $43,703,981 |
St Andrews Country Club Inc Boca Raton, FL | $67,588,016 | $28,385,359 |
Capital City Club Inc Atlanta, GA | $84,524,331 | $33,363,422 |
Everglades Club Inc Palm Beach, FL | $55,459,603 | $24,732,349 |
Atlanta Athletic Club Johns Creek, GA | $48,939,283 | $29,765,696 |
Piedmont Driving Club Atlanta, GA | $77,050,064 | $28,104,317 |
Royal Poinciana Golf Club Inc Naples, FL | $61,264,527 | $17,332,259 |
Riviera Country Club Of Coral Gables Inc Coral Gables, FL | $63,238,082 | $21,710,203 |
Phi Mu Fraternity Peachtree City, GA | $13,751,042 | $22,181,589 |
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 |