Florida Power Club
- Assets
- $1.0m
- Revenue
- $39.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tarpon Springs, FL
- Founding
- 08/1946
- Data as of
- 01/2022
- EIN
- 59-6004292
Organization Overview
Florida Power Club is located in Tarpon Springs, FL. The organization was established in 1946. 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. Florida Power Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 01/2022, Florida Power Club generated $39.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $35.5k during the year ending 01/2022. 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
LOCAL EMPLOYEE ASSOCIATION THAT PROVIDES VARIOUS SOCIAL AND RECREATIONAL EVENTS FOR ADULT MEMBERS, MEMBERS CHILDREN, AND MEMBERS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS AN ASSOCIATION OF EMPLOYEES; VARIOUS SOCIAL AND RECREATIONAL EVENTS FOR ADULT MEMBERS, MEMBERS CHILDREN, AND MEMBERS FAMILIES. MEMBER ATTENDANCE RANGE FROM 19 TO 80 INDIVIDUALS AND FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Salvarezza President | Officer | 1 | $0 |
Mariela Perez Treasurer | Officer | 1 | $0 |
Jessica Kiest Richardson Vice Preside | Officer | 1 | $0 |
Dora Holloway 2nd VP | Officer | 1 | $0 |
Chiquita Clark Secretary | Officer | 1 | $0 |
Angela Diaz Director | Trustee | 1 | $0 |
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 | $6,815 |
| Investment income | $43,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,461 |
| 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 | $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 | $1,350 |
| 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 | $205 |
| 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 | $2,779 |
| All other expenses | $2,675 |
| Total functional expenses | $35,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,033 |
| 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 | $1,025,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,040,774 |
| Accounts payable and accrued expenses | $1,350 |
| 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 | $1,350 |
| Net assets without donor restrictions | $1,039,424 |
| 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 | $1,040,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Audubon Country Club Association Inc Naples, FL | $32,747,494 | $7,405,654 |
Atlantic Beach Country Club Inc Atlantic Beach, FL | $14,796,405 | $13,222,514 |
Loblolly Inc Hobe Sound, FL | $23,991,358 | $7,374,777 |
Bear Lakes Country Club Inc West Palm Beach, FL | $27,086,615 | $6,877,061 |
Adios Golf Club Inc Coconut Creek, FL | $15,785,104 | $8,413,135 |
Old Marsh Golf Club Inc Palm Beach Gardens, FL | $32,229,136 | $6,715,214 |
Fort Lauderdale Country Club Inc Plantation, FL | $12,707,790 | $7,136,526 |
Indian Spring Golf & Tennis Country Club Inc Boynton Beach, FL | $101,953 | $6,245,768 |
Pine Tree Golf Club Inc Boynton Beach, FL | $18,885,592 | $6,834,924 |
Eagle Creek Golf And Country Club Inc Naples, FL | $20,413,284 | $6,219,223 |
Medalist Golf Club Inc Hobe Sound, FL | $22,052,430 | $5,935,443 |
The Meadows Country Club Inc Sarasota, FL | $1,770,596 | $6,755,956 |