Delray Dunes Golf & Country Club Inc
- Assets
- $24.1m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 120
- Location
- Boynton Beach, FL
- Founding
- 01/1972
- Data as of
- 10/2023
- EIN
- 59-1262000
Organization Overview
Delray Dunes Golf & Country Club Inc is located in Boynton Beach, FL. The organization was established in 1972. 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 10/2023, Delray Dunes Golf & Country Club Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delray Dunes Golf & Country 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 10/2023, Delray Dunes Golf & Country Club Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $9.6m during the year ending 10/2023. While expenses have increased by 6.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS AND OPERATES A GOLF COURSE, CLUBHOUSE, & DINING FACILITY FOR THE BENEFIT OF ITS MEMBERS. TOTAL GOLF REVENUE FOR THE YEAR ENDING 10/31/22 WAS $814,444 OF WHICH $675,847 WAS MEMBER RELATED. TOTAL FOOD AND BEVERAGE FOR THE YEAR ENDING 10/31/22 WAS $2,449,012 OF WHICH $1,933,319 WAS MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Flynn President | OfficerTrustee | 3 | $0 |
Thomas Macmanus Senior Vice President | OfficerTrustee | 3 | $0 |
Tom Glanfield Vice President/treasurer | OfficerTrustee | 3 | $0 |
Susan Makos Secretary | OfficerTrustee | 3 | $0 |
Richard Economou Governor | Trustee | 3 | $0 |
Carrie Hill Governor | Trustee | 3 | $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 | $7,878,405 |
| Investment income | $139,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,233,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,381,019 |
| 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 | $4,929,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $985,695 |
| Payroll taxes | $0 |
| 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 | $51,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $904,435 |
| Insurance | $300,350 |
| All other expenses | $616,456 |
| Total functional expenses | $9,647,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,931,017 |
| Savings and temporary cash investments | $4,623,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $875,332 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $131,193 |
| Prepaid expenses and deferred charges | $153,604 |
| Net Land, buildings, and equipment | $14,916,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $449,457 |
| Total assets | $24,080,990 |
| Accounts payable and accrued expenses | $949,381 |
| 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 | $7,004,584 |
| Total liabilities | $7,953,965 |
| Net assets without donor restrictions | $16,127,025 |
| 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 | $24,080,990 |