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Panama Country Club

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

EIN: 590604728 ✦ Lynn haven, FL ✦ Designated as a 501(c)(7)

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Overview

What is Panama Country Club?

Panama Country Club is a nonprofit organization situated in Lynn Haven, Florida. Its primary focus is the operation and maintenance of a golf course, offering members an enjoyable recreational experience. Beyond golf, the club serves as a social hub for its members and their guests, fostering a sense of community. The organization boasts a workforce of 87 dedicated individuals, ensuring the club's smooth operation and member satisfaction.


Official website here: www.panamacountryclub.com

Is Panama Country Club legitimate?

Panama Country Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Panama Country Club 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $805,811

For more financial information, click here


Official website here: www.panamacountryclub.com

What is the mission statement of Panama Country Club?

The Panama Country Club's mission is centered around providing a golf and social environment for its members and their guests. It operates and maintains a golf course to cater to its members' recreational needs, thereby fostering a sense of community and social interaction. The club serves as a hub for golf enthusiasts, offering them an opportunity to engage in the sport while also providing a platform for social interaction.


Official website here: www.panamacountryclub.com

Who is the CEO of Panama Country Club?

Jay Hancock is the President of Panama Country Club.


Official website here: www.panamacountryclub.com

What is the revenue of Panama Country Club?

Panama Country Club's revenue in 2022 was $2,673,176.


Official website here: www.panamacountryclub.com

Who are the executives of Panama Country Club and what are their salaries?

The average compensation at Panama Country Club during 2022 was $9,262. There are 87 employees at Panama Country Club.


Here are 8 key members and their salaries:


Jay Hancock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Walsingham (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Ginn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Petitti (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Arnold (Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Maddox (Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sid Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Riley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.panamacountryclub.com

Where can I find the form 990 for Panama Country Club?

Panama Country Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.panamacountryclub.com

Learn more at the official website: www.panamacountryclub.com

Mission Statement of Panama Country Club

Panama Country Club, as a golf and social club, is dedicated to providing an engaging environment for its members and their guests. Its mission is centered around operating and maintaining a golf course, offering members an opportunity to engage in the sport they love. The club serves as a hub for social interaction, providing a setting where members can build connections and enjoy shared experiences. By offering a golf course, Panama Country Club fosters a sense of community and camaraderie among its members, making it more than just a place for golf, but a social destination as well.

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Impact




October, 2024

Panama Country Club plays a significant role in fostering community engagement and providing recreational opportunities for its members and guests in Lynn Haven, Florida. By maintaining a quality golf course, it promotes outdoor activity, healthy lifestyles, and social interaction among its members. The club serves as a hub for social events, enhancing the sense of community and belonging within the region. Its focus on recreation not only supports individual well-being but also contributes to the local economy through events and activities that attract visitors and foster local partnerships. Overall, Panama Country Club enriches the community by blending sportsmanship with social connectivity.




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


Financials

This financial information is from Propublica.

Revenue
$2,673,176 (2022)
Expenses
$2,640,745 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,436
  • Program Service Revenue: $2,669,740
  • Gross Receipts: $2,673,176

Assets and Liabilities:

  • Total Assets: $1,477,464
  • Total Liabilities: $1,971,226
  • Net Assets: -$493,762

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Programs

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

DUES

Revenue

$948,814

GOLF COURSE REVENUE

Revenue

$833,988

CLUB HOUSE REVENUE

Revenue

$733,522

MISCELLANEOUS REVENUES

Revenue

$153,416

Organization Details

Founding Year

1949

Principal Officer

Jay Hancock

Main Address

100 COUNTRY CLUB DR, LYNN HAVEN, FL, 32444

NTEE Category

Code: N51Z - Recreation

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