Punta Borinquen Golf And Country Club Inc
- Assets
- $579.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 46
- Location
- Aguadilla, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0421076
Organization Overview
Punta Borinquen Golf And Country Club Inc is located in Aguadilla, PR. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Punta Borinquen Golf And Country Club Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Punta Borinquen Golf And Country Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUNTA BORINQUEN GOLF CLUB AND COUNTRY CLUB, INC. IS A NON-PROFIT CORPORATION LOCATED IN AGUADILLA, PUERTO RICO. IS DEDICATED TO ORGANIZE, DEVELOP AND SPONSOR GOLF IN THE WESTERN AREA OF PUERTO RICO. PUNTA BORINQUEN GOLF CLUB AND COUNTRY CLUB PURPOSE IS TO PROVIDE THE COMMUNITY WITH RECREATIONAL EXPERIENCE AND PROMOTE HEALTH AND WELLNESS TO CITIZENS OF THE ISLAND, BUSINESS, COMMUNITY ORGANIZATIONS AND VISITORS. ANYONE CAN ACCESS AND PLAY THE COURSE. WE ALSO REALIZE TOURNAMENTS FOR BOTH OUR MEMBERS AND TO THE PUBLIC. FURTHERMORE, WE HAVE EXPERIENCE STAFF THAT CAN GIVE PRIVATE LESSONS TO OUR VISITORS. PUNTA BORINQUEN GOLF CLUB ALSO PROVIDES FOR ANY JUNIOR (ANYONE UNDER THE AGE OF 18) TO PLAY FOR FREE. THESE JUNIORS CAN REPRESENT PUNTA BORINQUEN GOLF CLUB IN DIFFERENT TOURNAMENTS AROUND THE ISLAND. ALSO, WE OFFER SUMMER CAMPS FOR TWO DIFFERENT AGE GROUPS WERE THE CHILDREN LEARN HOW TO PLAY GOLF FOR 2 WEEKS TIMES AT A NOMINAL COST AND THOSE WITH LOW INCOME CAN SHOW THEY RECEIVE FOOD STAMPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE PROVIDE THE COMMUNITY WITH RECREATIONAL FACILITIES PROMOTING HEALTH AND WELLNESS TO CITIZENS OF THE ISLAND, BUSINESS, COMMUNITY ORGANIZATIONS AND VISITORS.
IN 2021 WE PROVIDE DINING FACILITIES AND MERCANDISE WAS SOLD FOR THE BENEFIT OF OUR VISITORS. THIS INCLUDES FOOD AND BEVERAGES SERVICES, EQUIPMENT RENTAL AND GOLF INSTRUCTION SERVICES.
IN 2021 WE PROVIDE CLINICS, TOURNAMENTS. SUMMER CAMPS FOR CHILDREN AND WOMEN'S GOLF DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guilfred Sein President | Officer | 15 | $0 |
Carlos Valentin Vicepresident | Officer | 10 | $0 |
Johnny Saldivia Secretary | Officer | 15 | $0 |
Oscar Hernandez Treasurer | Officer | 15 | $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 | $940,873 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,273 |
| 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 | $364,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,348 |
| Fees for services: Accounting | $2,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,827 |
| Advertising and promotion | $1,762 |
| Office expenses | $7,163 |
| Information technology | $9,276 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,732 |
| Insurance | $27,720 |
| All other expenses | $0 |
| Total functional expenses | $942,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,319 |
| Prepaid expenses and deferred charges | $150 |
| Net Land, buildings, and equipment | $453,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,853 |
| Accounts payable and accrued expenses | $48,109 |
| 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 | $76,667 |
| Unsecured mortgages and notes payable | $56,400 |
| Other liabilities | $0 |
| Total liabilities | $181,176 |
| Net assets without donor restrictions | $398,677 |
| 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 | $579,853 |
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