Loxahatchee Club Inc
- Assets
- $33.3m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 190
- Location
- Jupiter, FL
- Founding
- 09/1999
- Data as of
- 08/2022
- EIN
- 59-2784038
Organization Overview
Loxahatchee Club Inc is located in Jupiter, FL. The organization was established in 1999. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Loxahatchee Club Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loxahatchee 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 08/2022, Loxahatchee Club Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $14.3m during the year ending 08/2022. While expenses have increased by 7.8% 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 LOXAHATCHEE CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOXAHATCHEE CLUB PROVIDES DINING AND RECREATIONAL FACILITIES FOR ITS MEMBERS. FOOD AND BEVERAGE SALES FOR THE YEAR ENDED 8/31/22 WERE 2,706,338 OF WHICH 232,261 WERE NON-MEMBER RELATED.
THE CLUB'S REVENUE FROM PRO SHOP SALES TOTALED 783,523 FOR THE YEAR ENDED 8/31/22 OF WHICH 412,158 WAS NON-MEMBER RELATED.
NON-MEMBER ROUNDS OF GOLF PLAYED DURING THE YEAR WERE 6,214 OUT OF A TOTAL OF 26,378 ROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Misch II Secretary / | OfficerTrustee | 60 | $442,862 |
James Sprankle III Golf Course | Officer | 60 | $250,559 |
Gayle Mortimer Membership D | Officer | 60 | $199,263 |
Tara Grigg CFO / Contro | OfficerTrustee | 60 | $196,978 |
Daniel Vallone Executive Ch | Officer | 60 | $194,089 |
Matt Lucchesi Golf Pro | Officer | 60 | $175,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,639,422 |
| 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 | $6,639,422 |
| Total Program Service Revenue | $942,931 |
| Investment income | $190 |
| 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 | $1,913,950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,290,558 |
| 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 | $6,448,921 |
| 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 | $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 | $11,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,390,955 |
| Insurance | $226,175 |
| All other expenses | $1,395,360 |
| Total functional expenses | $14,283,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,493 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $596,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $466,378 |
| Prepaid expenses and deferred charges | $583,705 |
| Net Land, buildings, and equipment | $29,639,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,777,938 |
| Total assets | $33,280,282 |
| Accounts payable and accrued expenses | $1,579,510 |
| Grants payable | $0 |
| Deferred revenue | $648,176 |
| 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 | $11,519,232 |
| Total liabilities | $13,746,918 |
| Net assets without donor restrictions | $19,533,364 |
| 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 | $33,280,282 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loxahatchee Club Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Mary Charitable Tr Fayetteville, NY PURPOSE: GENERAL SUPPORT | $500 |
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 |