Palm Beach Country Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590706084 ✦ Palm beach, FL ✦ Designated as a 501(c)(7)

Overview

What is Palm Beach Country Club Inc?

Palm Beach Country Club Inc, located at 760 North Ocean Blvd, Palm Beach, FL 33480, is a social club with a mission to foster camaraderie among its members. With a staff of 164 employees, they generate revenue primarily from food and beverage sales, amounting to $1,850,720 annually, of which a small portion comes from non-members. Their core objective is to create enjoyable experiences for their members, offering a range of dining and recreational activities.


Is Palm Beach Country Club Inc legitimate?

Palm Beach Country Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Palm Beach Country Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,492,844

For more financial information, click here


What is the mission statement of Palm Beach Country Club Inc?
Who is the CEO of Palm Beach Country Club Inc?
What is the revenue of Palm Beach Country Club Inc?
Who are the executives of Palm Beach Country Club Inc and what are their salaries?

The average compensation at Palm Beach Country Club Inc during 2022 was $39,591. There are 164 employees and 24 volunteers at Palm Beach Country Club Inc.

Here are 25 key members and their salaries:


Where can I find the form 990 for Palm Beach Country Club Inc?

Mission Statement of Palm Beach Country Club Inc

Palm Beach Country Club, a social club, is dedicated to fostering camaraderie among its members by offering pleasurable and recreational activities. The primary objective of this esteemed organization is to facilitate social interaction among its members through a diverse range of dining and recreational opportunities.

Palm Beach Country Club's mission comes to life through its commitment to providing engaging experiences for its members. By offering an array of dining and recreational activities, the club creates an environment that encourages social connections and lasting memories. The membership is brought together through shared experiences, creating a sense of community and belonging.

Furthermore, Palm Beach Country Club generates significant revenue through its food and beverage sales. During the fiscal year ending on June 30, 2022, the club recorded total food and beverage sales of $1,850,720, with a modest $431 coming from non-member sources. This financial success underscores the popularity and appeal of the club's offerings, as well as its ability to attract both members and non-members alike. The club's dedication to providing a top-notch member experience has proven to be a successful strategy in fostering loyalty and engagement.

Impact

This information is meant to be a general summary of Palm Beach Country Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Palm Beach Country Club Inc has a significant impact on its community by providing a venue for social interaction and recreational activities for its members. The club's mission is to bind its members together through common objectives focused on pleasure and recreation. With food and beverage sales totaling $1,850,720, the club contributes to the local economy and provides a space for members to enjoy dining and leisure activities.

Through its promotion of social interaction among club members, Palm Beach Country Club Inc plays a vital role in fostering a sense of community and camaraderie. The club's activities and events contribute to the overall well-being and happiness of its members, enhancing their quality of life.

Furthermore, by offering a variety of recreational amenities and services, Palm Beach Country Club Inc provides opportunities for its members to relax, unwind, and engage in enjoyable pastimes. These activities contribute to the physical and mental health of members, promoting overall wellness and a balanced lifestyle.

In summary, Palm Beach Country Club Inc's impact extends beyond just providing dining and recreational activities. It serves as a hub for social interaction, community building, and personal well-being for its members, enriching the lives of those who are part of the club.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-9,743
  • Program Service Revenue: $12,163,490
  • Gross Receipts: $15,191,576

    • Assets and Liabilities:
  • Total Assets: $30,934,797
  • Total Liabilities: $2,688,738
  • Net Assets: $28,246,059
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP DUES

    Revenue

    $11,219,779

    TENNIS FEES

    Revenue

    $269,980

    GOLF LESSONS

    Revenue

    $231,567

    LOCKER RENTALS

    Revenue

    $176,575

    GREENS FEES

    Revenue

    $119,235

    Organization Details

    Founding Year

    1973

    Principal Officer

    Robert Schlager

    Main Address

    760 NORTH OCEAN BLVD, PALM BEACH, FL, 334800997

    NTEE Category

    Code: N50 - Recreation

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