High Ridge Country Club Inc
- Assets
- $39.4m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 157
- Location
- Lantana, FL
- Founding
- 09/1980
- Data as of
- 04/2023
- EIN
- 59-1905911
Organization Overview
High Ridge Country Club Inc is located in Lantana, FL. The organization was established in 1980. 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 04/2023, High Ridge Country Club Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Ridge 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 04/2023, High Ridge Country Club Inc generated $10.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $14.2m during the year ending 04/2023. While expenses have increased by 6.5% 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 AN 18-HOLE GOLF COURSE FOR THE BENEFIT OF ITS MEMBERS.
THE CLUB ALSO MAINTAINS AND OPERATES A CLUBHOUSE WITH DINING FACLITIES AND CARD ROOM FOR THE BENEFIT OF ITS MEMBERS. TOTAL SALES FOR THE CURRENT YEAR WERE $2,079,578 AND $16,945 RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Loring President | OfficerTrustee | 1 | $0 |
Fred Weinshank Vice President (former) | OfficerTrustee | 1 | $0 |
Jerry Politzer Vice President | OfficerTrustee | 1 | $0 |
Marc Levy Vice President | OfficerTrustee | 1 | $0 |
Barbara Dilsheimer Secretary | OfficerTrustee | 1 | $0 |
Douglas Kass Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cheney Brothers Food | 4/29/23 | $306,780 |
Barnett Management Management Company | 4/29/23 | $203,518 |
Ap Fbo Source Mgmt Internat'l Llc Staffing Company | 4/29/23 | $200,428 |
Sysco Food | 4/29/23 | $169,754 |
Global Parking Llc Staffing Company | 4/29/23 | $146,735 |
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 | $9,199,863 |
| Investment income | $63,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,603,629 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,868,752 |
| 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. | $627,618 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,985,756 |
| Pension plan accruals and contributions | $65,557 |
| Other employee benefits | $423,010 |
| Payroll taxes | $459,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,084 |
| Fees for services: Accounting | $42,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,070 |
| Advertising and promotion | $0 |
| Office expenses | $14,680 |
| Information technology | $63,602 |
| 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 | $665,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,608,007 |
| Insurance | $341,088 |
| All other expenses | $1,967,453 |
| Total functional expenses | $14,173,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,538,129 |
| Savings and temporary cash investments | $4,502,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $846,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $424,074 |
| Prepaid expenses and deferred charges | $468,888 |
| Net Land, buildings, and equipment | $30,053,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $527,085 |
| Total assets | $39,360,337 |
| Accounts payable and accrued expenses | $1,824,015 |
| 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 | $19,185,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $766,257 |
| Total liabilities | $21,775,433 |
| Net assets without donor restrictions | $17,584,904 |
| 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 | $39,360,337 |