The Moorings Club Inc

Organization Overview

The Moorings Club Inc is located in Vero Beach, FL. The organization was established in 1983. 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 09/2021, Moorings Club Inc employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moorings 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 09/2021, Moorings Club Inc generated $13.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $13.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, FITNESS, SPA, AND DOCK FACILITIES AND SERVICES TO APPROXIMATELY 1,000 MEMBERS.


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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$11,127,463
Investment income $15,417
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $76,058
Net Gain/Loss on Asset Sales -$104,322
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,999,952
Miscellaneous Revenue$0
Total Revenue $13,306,552

Peer Organizations

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