Gulf Winds Track Club Inc
- Assets
- $223.1k
- Revenue
- $378.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 05/1981
- Data as of
- 06/2022
- EIN
- 59-1896178
Organization Overview
Gulf Winds Track Club Inc is located in Tallahassee, FL. The organization was established in 1981. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Winds Track Club Inc 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 06/2022, Gulf Winds Track Club Inc generated $378.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $408.5k during the year ending 06/2022. While expenses have increased by 1.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CLUB SHALL BE TO ENCOURAGE HEALTH AND FITNESS, ESPECIALLY THROUGH PARTICIPATION IN JOGGING AND RUNNING, WHETHER FOR COMPETITION, PHYSICAL FITNESS, OR PLEASURE; TO STIMULATE THE EXCHANGE OF INFORMATION ABOUT HEALTH, FITNESS AND RUNNING AND TO DISSEMINATE SUCH INFORMATION; AND TO ENCOURAGE INDIVIDUALS TO PURSUE OPPORTUNITIES TO PARTICIPATE AND COMPETE IN RACES AND OTHER FITNESS ACTIVITIES AND TO PROVIDE ORGANIZED EVENTS IN WHICH INTERESTED INDIVIDUALS MAY PARTICIPATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM IS HOSTING A NUMBER OF RUNNING EVENTS. THESE EVENTS ACCOMPLISH SEVERAL ORGANIZATIONAL PURPOSES. THE EVENTS PROMOTE PHYSICAL FITNESS FOR PARTICIPANTS AND THE EXCESS REVENUES GENERATED FROM THE EVENTS PROVIDE FOR FITNESS RELATED EDUCATIONAL PROGRAMS AND PROVIDE FUNDS FOR LOCAL CHARITIES. REVENUES INCLUDE RACE REGISTRATION, RACE SPONSORSHIP, EQUIPMENT RENTAL AND CHIP TIMING RENTAL. THE AMOUNT OF GRANTS REPRESENTS DONATIONS MADE TO LOCAL CHARITABLE ORGANIZATIONS AND SCHOOL GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Priddy President | Officer | 5 | $0 |
Peg Griffin Treasurer | Officer | 5 | $0 |
Heather York Vice President | Officer | 3 | $0 |
Jeanne O'kon Secretary | Officer | 3 | $0 |
Judy Alexander Education/lecture Director | Trustee | 1 | $0 |
Jo Lena Bryan Membership Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,465 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,021 |
| Total Program Service Revenue | $308,050 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,326 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $5,082 |
| 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 | $0 |
| Insurance | $5,037 |
| All other expenses | $132,229 |
| Total functional expenses | $408,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,115 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $223,115 |
| Total liabilities and net assets/fund balances | $223,115 |
Grants Awarded
Over the last fiscal year, Gulf Winds Track Club Inc has awarded $20,261 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tallahassee, FL PURPOSE: To provide direct services to victims of domestic violence and sexual assault, and to their children and families, as well as to eliminate such violence through community education and public advocacy | $7,332 |
Tallahassee, FL PURPOSE: To reduce homelessness by providing a safe environment that promotes dignity and respect for individuals in our community to make homelessness rare, brief, and non-recurring | $6,521 |
Tallahassee, FL PURPOSE: to inspire and enable all young people, especially those who need us most, to reach their full potential as productive, caring and responsible citizens | $6,408 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gulf Winds Track Club Inc has recieved totaling $13,389.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,612 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |