Country Club At Woodfield
- Assets
- $114.1m
- Revenue
- $27.0m
- Investments
- $0.0
- Employees
- 697
- Location
- Boca Raton, FL
- Founding
- 04/1999
- Data as of
- 10/2020
- EIN
- 59-2799884
Organization Overview
Country Club At Woodfield is located in Boca Raton, FL. The organization was established in 1999. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Country Club At Woodfield employed 697 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club At Woodfield is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Country Club At Woodfield generated $27.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $31.6m during the year ending 10/2020. While expenses have increased by 4.7% per year over the past 6 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
2020
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/MAINTAINS A CLUBHOUSE, GOLF COURSE, FITNESS FACILITY AND TENNIS FACILITY FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eben Molloy General Manager | Officer | 50 | $619,852 |
Bart Messing Executive Chef | Officer | 50 | $413,327 |
Jason Sprankle Director Of Gcm | 50 | $289,323 | |
Stephen Robinson CFO | Officer | 50 | $275,949 |
Jeff Cohen Director Of Tennis | 50 | $198,860 | |
Linda Sakkal Director Of Membership | 50 | $198,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$726,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,397,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,047,625 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $14,737,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,716,261 |
| 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 | $20,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,035,672 |
| Insurance | $665,852 |
| All other expenses | $0 |
| Total functional expenses | $31,560,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,025,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,723,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $497,927 |
| Prepaid expenses and deferred charges | $1,100,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,148,627 |
| Total assets | $114,112,099 |
| Accounts payable and accrued expenses | $6,340,619 |
| Grants payable | $0 |
| Deferred revenue | $24,399,907 |
| 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 | $17,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,740,526 |
| 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 |
| Total liabilities and net assets/fund balances | $66,371,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club At Woodfield Boca Raton, FL | $114,112,099 | $27,047,625 |
The Florida State Golf Association Inc Temple Terrace, FL | $5,793,122 | $9,469,778 |
The Club At Mediterra Inc Naples, FL | $61,714,478 | $19,683,733 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL | $88,241,842 | $96,357,278 |
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
The Golf Club At Palmira Inc Bonita Springs, FL | $17,478,158 | $5,448,490 |