Imperial Golf Club Inc
- Assets
- $31.3m
- Revenue
- $10.2m
- Investments
- $1.6m
- Employees
- 197
- Location
- Naples, FL
- Founding
- 02/1987
- Data as of
- 09/2023
- EIN
- 59-1425712
Organization Overview
Imperial Golf Club Inc is located in Naples, FL. The organization was established in 1987. 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 09/2023, Imperial Golf Club Inc employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imperial Golf 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 09/2023, Imperial Golf Club Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $11.8m during the year ending 09/2023. While expenses have increased by 4.3% 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
IMPERIAL GOLF CLUB, INC. IS A PRIVATE GOLF CLUB. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 9/30/23 WAS APPROXIMATELY 55,966 OF WHICH APPROXIMATELY 868 ROUNDS WERE NON-MEMBER RELATED.
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 9/30/23 WAS $1,895,747 OF WHICH $201,093 WAS NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Myer President | OfficerTrustee | 1 | $0 |
Paulie Mccown Vice President | OfficerTrustee | 1 | $0 |
Steve Michaels Treasurer | OfficerTrustee | 1 | $0 |
Jp Perkins Secretary | OfficerTrustee | 1 | $0 |
Dennis Deeb Director | Trustee | 1 | $0 |
Mark Dargene Director | Trustee | 1 | $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 | $8,624,081 |
| Investment income | $298,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$419,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,228,763 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,185,681 |
| 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 | $5,218,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $769,203 |
| Payroll taxes | $417,956 |
| 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 | $11,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,498,026 |
| Insurance | $285,553 |
| All other expenses | $819,065 |
| Total functional expenses | $11,797,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $7,065,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,254,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,399 |
| Prepaid expenses and deferred charges | $257,410 |
| Net Land, buildings, and equipment | $19,536,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,551,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $535,967 |
| Total assets | $31,270,433 |
| Accounts payable and accrued expenses | $1,309,990 |
| Grants payable | $0 |
| Deferred revenue | $7,396,858 |
| 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 | $2,148,339 |
| Total liabilities | $10,855,187 |
| Net assets without donor restrictions | $20,215,246 |
| Net assets with donor restrictions | $200,000 |
| 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 | $31,270,433 |