Harbour Ridge Country Club
- Assets
- $52.2m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 301
- Location
- Palm City, FL
- Founding
- 05/1996
- Data as of
- 09/2023
- EIN
- 65-0129568
Organization Overview
Harbour Ridge Country Club is located in Palm City, FL. The organization was established in 1996. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Harbour Ridge Country Club employed 301 individuals. This organization is the central organization for a national or regional group of organizations. Harbour Ridge Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Harbour Ridge Country Club generated $16.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $19.3m during the year ending 09/2023. While expenses have increased by 7.1% per year over the past 8 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
2023
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'S REVENUE FROM FOOD & BEVERAGE SALES TOTALED $3,919,914 OF WHICH $725,756 WAS NON-MEMBER RELATED.
APPROXIMATELY 56,207 ROUNDS OF GOLF WERE PLAYED FOR THE YEAR ENDED 9/30/22. ALL ROUNDS, WITH THE EXCEPTION OF 252, WERE MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Turley President | OfficerTrustee | 5 | $0 |
Andy Harris Treasurer | OfficerTrustee | 5 | $0 |
Kathleen Powell Secretary (as Of 1/23) | OfficerTrustee | 5 | $0 |
David Jatlow Secretary (through 1/23) | OfficerTrustee | 5 | $0 |
Sarah Manus Director | Trustee | 5 | $0 |
Michael Imperiale Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnett Management - Ap Fbo Source Manag Staffing Contractor | 9/29/23 | $777,473 |
Cliff Drysdale Management Llc Racquet Pro Contractor | 9/29/23 | $210,311 |
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 | $12,832,998 |
| Investment income | $77,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,854,894 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,534,002 |
| 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 | $7,842,409 |
| Pension plan accruals and contributions | $102,899 |
| Other employee benefits | $1,800,172 |
| 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 | $2,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,357,117 |
| Insurance | $844,901 |
| All other expenses | $1,791,193 |
| Total functional expenses | $19,307,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,595,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,665,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,558 |
| Inventories for sale or use | $616,226 |
| Prepaid expenses and deferred charges | $665,736 |
| Net Land, buildings, and equipment | $34,848,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $783,880 |
| Total assets | $52,219,252 |
| Accounts payable and accrued expenses | $2,385,601 |
| 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 | $13,090,057 |
| Total liabilities | $15,475,658 |
| Net assets without donor restrictions | $36,743,594 |
| 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 | $52,219,252 |