Laurel Oak Country Club Inc
- Assets
- $24.6m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 02/1999
- Data as of
- 04/2022
- EIN
- 65-0110859
Organization Overview
Laurel Oak Country Club Inc is located in Sarasota, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Oak Country 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 04/2022, Laurel Oak Country Club Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $10.7m during the year ending 04/2022. While expenses have increased by 3.0% 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
LAUREL OAK COUNTRY CLUB OFFERS VARIOUS SOCIAL ACTIVITIES FOR THE ENJOYMENT OF ITS MEMBERS. THESE ACTIVITIES ARE MADE UP OF TWO GOLF COURSES, TENNIS AND SWIMMING FACILITIES, A WIDE VARIETY OF SOCIAL ACTIVITIES, AND PRIVATE DINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL FACILITIES TO ITS MEMBERS (GOLF COURSE, PRO SHOP, TENNIS, POOL, RESTAURANT, AND BAR)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Selby General Mana | Officer | 40 | $266,500 |
David Braswell Director Of | Officer | 40 | $215,194 |
Michelle Brault Membership D | 40 | $145,433 | |
Antonio M Acosta Tennis Pro | 40 | $121,793 | |
David Mcintyre Director Of | 40 | $115,563 | |
Steven Martin Tennis Pro | 40 | $111,789 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dl Porter Constructors Inc Construction | 4/29/19 | $383,073 |
Florida Southern Roofing Construction | 4/29/19 | $337,686 |
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 | $8,593,629 |
| Investment income | $0 |
| 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 | $1,532,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,287,023 |
| 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. | $308,438 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,677,598 |
| Advertising and promotion | $42,925 |
| Office expenses | $312,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $606,123 |
| Travel | $13,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,488,104 |
| Insurance | $223,899 |
| All other expenses | $679,224 |
| Total functional expenses | $10,704,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,310 |
| Savings and temporary cash investments | $4,324,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,386,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $488,329 |
| Prepaid expenses and deferred charges | $444,154 |
| Net Land, buildings, and equipment | $17,103,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,549 |
| Total assets | $24,625,262 |
| Accounts payable and accrued expenses | $583,521 |
| Grants payable | $0 |
| Deferred revenue | $1,520,844 |
| 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 | $175,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $968,418 |
| Total liabilities | $3,247,854 |
| Net assets without donor restrictions | $21,377,408 |
| 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 | $24,625,262 |
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 |