Hobe Sound Golf Club Inc

Organization Overview

Hobe Sound Golf Club Inc is located in Hobe Sound, 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 12/2021, Hobe Sound Golf Club Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobe Sound Golf 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 12/2021, Hobe Sound Golf Club Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BIND 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. TOTAL ROUNDS PLAYED DURING THE YEAR WERE APPROXIMATELY 22,560 BY MEMBERS AND 1,606 BY NON-MEMBERS.


THE CLUB MAINTAINS A DINING FACILITY FOR THE BENEFIT OF THE MEMBERS AND THEIR GUESTS. TOTAL FOOD AND BEVERAGE SALES FOR THE YEAR WERE $634,241, OF WHICH $42,296 WERE FOR NON-MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0
Sue Mcmurdy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,618,340
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$2,618,340
Total Program Service Revenue$709,251
Investment income $249
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 $367,388
Miscellaneous Revenue$0
Total Revenue $3,755,536

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