Overview
What is Vero Beach Country Club Inc?
Vero Beach Country Club Inc is a social nonprofit organization situated in Vero Beach, Florida. With a mission to foster camaraderie among its members, the club offers dining and recreational activities. The club's primary source of income comes from food and beverage sales, generating approximately $1.99 million annually. A notable portion of this revenue, around $90,005, is generated from non-member-related activities. The club houses a workforce of 123 individuals dedicated to upholding its purpose of promoting social interaction among its members.
Official website here: www.vbcountryclub.com
Is Vero Beach Country Club Inc legitimate?
Vero Beach Country Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Vero 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,133,431
For more financial information, click here
Official website here: www.vbcountryclub.com
What is the mission statement of Vero Beach Country Club Inc?
Vero Beach Country Club Inc, as a social club, is dedicated to bringing its members together by means of a shared objective aimed at leisure and entertainment. This is achieved by providing dining experiences and recreational activities, which serve to foster social interaction among the club's members. The club's primary objective is to promote camaraderie and enjoyment within its membership base. It should be noted that a significant portion of the club's revenue comes from food and beverage sales, with a portion of this revenue generated from non-members as well.
Official website here: www.vbcountryclub.com
What is the revenue of Vero Beach Country Club Inc?
Vero Beach Country Club Inc's revenue in 2023 was $6,716,344.
Official website here: www.vbcountryclub.com
Who are the executives of Vero Beach Country Club Inc and what are their salaries?
The average compensation at Vero Beach Country Club Inc during 2023 was $24,103. There are 130 employees and 65 volunteers at Vero Beach Country Club Inc.
Here are 16 key members and their salaries:
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- Compensation: $175,294
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- Other: $31,723
- Compensation: $127,440
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- Compensation: $145,488
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- Other: $13,477
- Compensation: $143,757
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- Other: $30,906
- Compensation: $137,276
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- Other: $8,201
Official website here: www.vbcountryclub.com
Where can I find the form 990 for Vero Beach Country Club Inc?
Vero Beach Country Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vbcountryclub.com
Learn more at the official website: www.vbcountryclub.com
Mission Statement of Vero Beach Country Club Inc
Vero Beach Country Club Inc, as a social club, is dedicated to fostering camaraderie among its members by pursuing a shared objective centered around pleasure and recreation. The club's mission is to catalyze social interaction among its members by offering a variety of dining and leisure activities. Through these activities, Vero Beach Country Club Inc aims to create an environment that encourages its members to engage, connect, and build lasting relationships. The club's revenue from food and beverage sales for the year ending October 31, 2022, amounted to $1,995,932, with a portion of $90,005 derived from non-member-related sales. This revenue contributes to the club's ability to provide a diverse range of dining and recreational activities, thereby enhancing the overall member experience.
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Impact
October, 2024
Vero Beach Country Club Inc significantly enhances community engagement by fostering social interactions among its members through various recreational and dining activities. By serving as a hub for leisure and enjoyment, the club strengthens bonds within the community, creating a sense of belonging among its members.
In the fiscal year ending October 31, 2022, the club's food and beverage operations generated $1,995,932 in revenue, reflecting its role as a social gathering space. Notably, $90,005 of this revenue came from non-member related activities, indicating that the club also serves as an inviting venue for guests and locals, thereby extending its impact beyond its membership.
Through its focus on pleasure and recreation, Vero Beach Country Club Inc not only enhances the quality of life for its members but also contributes to the local economy, promoting social cohesion and providing opportunities for relaxation and enjoyment in the community.
This information is meant to be a general summary of Vero Beach Country Club Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $32,422
- Program Service Revenue: $5,221,421
- Gross Receipts: $8,039,012
Assets and Liabilities:
- Total Assets: $11,406,849
- Total Liabilities: $1,464,115
- Net Assets: $9,942,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$4,382,256
CART RENTAL & GREEN FEES
Revenue
$747,545
PRO AM TOURNAMENT
Revenue
$91,620
Organization Details
Founding Year
1968
Principal Officer
Bill Lynch
Website
www.vbcountryclub.comNTEE Category
Code: N50 - Recreation
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