Overview
What is Ocean Club Of Florida Inc?
Ocean Club of Florida Inc, located at 6849 N Ocean Blvd, Ocean Ridge, FL 33435, is a nonprofit organization dedicated to fostering camaraderie among its members. Its primary objective is pleasure and recreation, as evidenced by its operation of a clubhouse and the provision of dining and recreational activities. In the previous year, the club generated revenue from food and beverage sales, with $1,116,049 accumulated, $16,170 of which was from non-members. The organization employs a team of 114 individuals, working together to ensure the success of its recreational endeavors.
Is Ocean Club Of Florida Inc legitimate?
Ocean Club Of Florida Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ocean Club Of Florida 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: $601,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,986,313
For more financial information, click here
What is the mission statement of Ocean Club Of Florida Inc?
The Ocean Club of Florida Inc., as a recreational club, is dedicated to bringing its members together through shared objectives aimed at pleasure and recreation. Its exempt purpose is to foster social interaction among members by offering dining and recreational activities. The club operates and maintains a clubhouse, providing a platform for members to engage in various social events. The club's activities are primarily focused on promoting camaraderie and enjoyment among its members.
Who is the CEO of Ocean Club Of Florida Inc?
Mitch Engel is the President of Ocean Club Of Florida Inc.
What is the revenue of Ocean Club Of Florida Inc?
Ocean Club Of Florida Inc's revenue in 2022 was $4,033,373.
Who are the executives of Ocean Club Of Florida Inc and what are their salaries?
The average compensation at Ocean Club Of Florida Inc during 2022 was $22,704. There are 114 employees and 15 volunteers at Ocean Club Of Florida Inc.
Here are 10 key members and their salaries:
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- Compensation: $245,500
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- Compensation: $161,250
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- Compensation: $165,000
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- Compensation: $145,250
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- Compensation: $127,883
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- Other: $0
Where can I find the form 990 for Ocean Club Of Florida Inc?
Ocean Club Of Florida Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ocean Club Of Florida Inc
Ocean Club of Florida Inc, as a recreational club, is dedicated to fostering a sense of camaraderie among its members by offering indulging dining experiences and leisure activities. The organization's primary objective is to encourage social interaction within its membership, thereby enriching their leisure time. To achieve this, Ocean Club of Florida Inc provides a variety of dining and recreational activities, serving as a hub for its members to unwind and connect. The club's financial contributions from food and beverage sales, amounting to $1,116,049, demonstrate its commitment to ensuring a delightful experience for its members, with a minimal $16,170 derived from non-member related sales.
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Impact
October, 2024
Ocean Club Of Florida Inc fosters community engagement and social interaction among its members through recreational activities and dining experiences. By operating and maintaining a clubhouse, it creates a welcoming space for members to gather, enjoy meals, and participate in various leisure activities. The organization’s focus on pleasure and recreation promotes a sense of belonging and camaraderie, enriching the lives of its members. Its significant food and beverage sales demonstrate strong participation and the importance of the communal dining experience in strengthening social ties. Ultimately, Ocean Club Of Florida Inc plays a crucial role in enhancing the quality of life for its members in Ocean Ridge, Florida.
This information is meant to be a general summary of Ocean Club Of Florida 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: -$51,004
- Program Service Revenue: $3,353,224
- Gross Receipts: $4,677,051
Assets and Liabilities:
- Total Assets: $11,203,795
- Total Liabilities: $4,151,070
- Net Assets: $7,052,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,113,665
TENNIS COURT AND FITNESS FEES
Revenue
$223,480
CABANA AND POOL
Revenue
$11,122
GUEST FEES
Revenue
$4,957
Organization Details
Founding Year
1962
Phone
(561) 734-2440Principal Officer
Mitch Engel
Main Address
6849 N OCEAN BLVD, OCEAN RIDGE, FL, 33435
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