The Moorings Club Inc

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

EIN: 592237861 ✦ Vero beach, FL ✦ Designated as a 501(c)(7)

Overview

What is The Moorings Club Inc?

The Moorings Club Inc, located at 100 Harbour Drive in Vero Beach, Florida (32963), is a social nonprofit organization with approximately 1,000 members. Their primary mission is to foster connections among members by providing various dining and recreational activities. The club offers an impressive range of facilities and services, which include food, beverage, golf, tennis, fitness, and spa amenities, as well as dock facilities. With 276 employees, The Moorings Club, Inc. aims to cater to its members' leisure and relaxation needs.


Is The Moorings Club Inc legitimate?

The Moorings Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Moorings 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: $542,345
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,006,361

For more financial information, click here


What is the mission statement of The Moorings Club Inc?
Who is the CEO of The Moorings Club Inc?
What is the revenue of The Moorings Club Inc?
Who are the executives of The Moorings Club Inc and what are their salaries?
Where can I find the form 990 for The Moorings Club Inc?

Mission Statement of The Moorings Club Inc

The Moorings Club Inc, a social club with an exempt purpose, strives to bring its members together through shared enjoyment and leisure activities. Established with the objective of fostering camaraderie amongst its members, The Moorings Club provides a platform for interaction and relaxation.

The club caters to approximately 1,000 members, offering them a range of amenities designed for pleasure and recreation. These facilities encompass dining options where members can savor delicious meals and beverages, as well as golf courses for passionate golfers, tennis courts for enthusiasts, fitness centers for health-conscious individuals, and spas for relaxation and rejuvenation. Additionally, the club offers dock facilities and services, perfect for members who own boats or enjoy water activities.

The Moorings Club Inc's mission transcends mere provision of these facilities. It is dedicated to fostering a sense of community amongst its members. By offering a diverse range of activities, the club encourages its members to engage with one another, build friendships, and forge lasting bonds. The club's exempt purpose centers around the belief that shared experiences, rooted in leisure and pleasure, serve as the foundation for meaningful relationships and social connections.

Impact

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




Thursday, August 15, 2024

The Moorings Club Inc's impact lies in fostering a sense of community and camaraderie among its approximately 1,000 members in Vero Beach, Florida. By providing a range of amenities such as food, beverage, golf, tennis, fitness, spa, and dock facilities, the club creates opportunities for its members to socialize, engage in recreational activities, and build lasting connections. Through its mission to promote interaction and recreation, The Moorings Club Inc enriches the lives of its members by offering a space where they can come together for leisure and enjoyment.





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: $53,060
  • Program Service Revenue: $11,789,396
  • Gross Receipts: $16,767,777

    • Assets and Liabilities:
  • Total Assets: $58,021,734
  • Total Liabilities: $11,610,148
  • Net Assets: $46,411,586
  • Programs

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

    MEMBERSHIP DUES

    Revenue

    $9,093,165

    GOLF INCOME

    Revenue

    $1,775,408

    FITNESS INCOME

    Revenue

    $385,317

    SPA INCOME

    Revenue

    $217,271

    TENNIS INCOME

    Revenue

    $199,140

    Organization Details

    Founding Year

    1982

    Principal Officer

    Craig L Lopes

    Main Address

    100 HARBOUR DRIVE, VERO BEACH, FL, 32963

    NTEE Category

    Code: N50 - Recreation

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