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 tax deductible.
Heare 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?
Palm Beach Country Club Inc is a social club dedicated to bringing its members together through shared objectives aimed at leisure and enjoyment. The primary focus of the organization is to foster social connections among its members by organizing dining and recreational activities. Through these offerings, the club encourages a vibrant and engaging community among its members. The club's financial reports indicate that food and beverage sales reached a total of $1,850,720 in the year ending 06/30/2022, generating a significant portion of non-member related income amounting to $431.
Who is the CEO of Palm Beach Country Club Inc?
Robert Schlager is the President of Palm Beach Country Club Inc.
What is the revenue of Palm Beach Country Club Inc?
Palm Beach Country Club Inc's revenue in 2022 was $13,674,855.
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:
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- Compensation: $484,849
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- Other: $24,437
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- Compensation: $396,859
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- Other: $7,636
- Compensation: $159,488
- Related: $0
- Other: $24,437
Where can I find the form 990 for Palm Beach Country Club Inc?
Palm Beach Country Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Palm Beach Country Club Inc significantly enhances the community by fostering social interaction and recreational opportunities among its members. The club's primary objective is to bring members together through shared experiences centered around pleasure and recreation. With dining and recreational activities at its core, the club serves as a vital social hub in Palm Beach, facilitating connections and friendships that enrich the lives of its members.
Financially, the club generated substantial revenue from food and beverage sales, amounting to $1,850,720 in the year ending June 30, 2022. This indicates a vibrant social atmosphere where members enjoy various dining experiences while engaging with one another. The club also contributes to the local economy by providing employment and supporting local suppliers, showcasing a commitment to community involvement alongside its recreational mission. Overall, Palm Beach Country Club plays a pivotal role in enhancing the social fabric of the area, promoting a vibrant lifestyle for its members.
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.
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 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
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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
Phone
(561) 844-3501Principal Officer
Robert Schlager
Main Address
760 NORTH OCEAN BLVD, PALM BEACH, FL, 334800997
NTEE Category
Code: N50 - Recreation
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