The Beach Club Inc

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

EIN: 591216007 ✦ Palm beach, FL ✦ Designated as a 501(c)(7)

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Overview

What is The Beach Club Inc?

The Beach Club Inc, situated in Palm Beach, Florida, is a social club that primarily serves its members for pleasure and recreation. With an employee count of 132, this organization focuses on fostering camaraderie among its members through various dining and leisure activities. The club's financials reveal a significant revenue source from food and beverage sales, amounting to $2,758,745 for the fiscal year ending in November 2022. This income includes a substantial portion of $495,981 derived from non-member-related ventures. The Beach Club Inc's mission is to promote social interaction among its members, enhancing their overall experience within the club.

Is The Beach Club Inc legitimate?

The Beach Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Beach 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: $4,224,908

For more financial information, click here

What is the mission statement of The Beach Club Inc?

The Beach Club Inc, as a social club, is committed to fostering camaraderie among its members. Their mission is to encourage social interaction, achieving this through the provision of dining and recreational activities. By doing so, they aim to offer a platform where members can enjoy leisure time together, promoting a sense of unity and pleasure. It's important to note that a significant portion of their income, $495,981, comes from non-member activities.

Who is the CEO of The Beach Club Inc?

E Craig Coats is the President of The Beach Club Inc.

What is the revenue of The Beach Club Inc?

The Beach Club Inc's revenue in 2022 was $6,827,939.

Who are the executives of The Beach Club Inc and what are their salaries?

The average compensation at The Beach Club Inc during 2022 was $32,007. There are 132 employees and 17 volunteers at The Beach Club Inc.


Here are 23 key members and their salaries:


E Craig Coats (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Bruce Ouellette (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael H Agnello (2Nd Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Larmoyeux (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Johnston (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Kevin Moran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
L Stewart Jackson Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Hickman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas E Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Woodfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James C Gavigan Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverley Cardo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mortimer Finlay Curran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Brinker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Irato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Shaw (General Manager)
  • Compensation: $378,604
  • Related: $0
  • Other: $38,627
David Moss (Comptroller)
  • Compensation: $121,157
  • Related: $0
  • Other: $16,644
Matthew Sobon (Chef)
  • Compensation: $203,746
  • Related: $0
  • Other: $31,066
Larry Klimantiris (Director Of Finance/Hr)
  • Compensation: $150,707
  • Related: $0
  • Other: $20,458
Rhonda Roarke (Social Secretary)
  • Compensation: $132,762
  • Related: $0
  • Other: $16,336
Frank Vermeer (Tennis Director)
  • Compensation: $242,509
  • Related: $0
  • Other: $36,265
Cosmin Dragomir (Assistant Gm)
  • Compensation: $158,445
  • Related: $0
  • Other: $16,003
Where can I find the form 990 for The Beach Club Inc?

The Beach Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Beach Club Inc

The Beach Club Inc, as a social club, is dedicated to fostering camaraderie among its members. The club's exempt purpose is to facilitate social interaction, achieving this goal by offering dining and recreational activities. By providing such amenities, The Beach Club Inc aims to bring its members together, sharing in moments of pleasure and relaxation. The club's financial activities, as reported for the year ending November 30, 2022, show that food and beverage sales contributed significantly to its operations, with a total of $2,758,745, of which $495,981 was derived from non-member related income. This suggests that the club is not only popular among its members but also attracts a significant number of non-members, contributing to its overall financial sustainability.

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Impact




October, 2024

The Beach Club Inc. fosters community and social interaction among its members by providing engaging dining and recreational experiences. With food and beverage sales reaching $2,758,745 for the year ending November 30, 2022, the club has significantly contributed to the local economy, generating $495,981 in non-member related income. Its mission to create a vibrant social environment promotes pleasure and recreation, enriching the lives of members in Palm Beach, Florida, while also benefiting the surrounding community. Through its focus on recreation and social activities, The Beach Club Inc. plays a vital role in enhancing the quality of life for its members and encouraging a strong sense of belonging.




This information is meant to be a general summary of The Beach 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.

Revenue
$6,827,939 (2022)
Expenses
$11,570,744 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$2,177,336
  • Program Service Revenue: $6,630,341
  • Gross Receipts: $10,169,015

Assets and Liabilities:

  • Total Assets: $43,282,976
  • Total Liabilities: $13,252,666
  • Net Assets: $30,030,310

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Programs

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

MEMBERSHIP DUES AND ASSESSMENTS

Revenue

$5,989,957

CABANA RENTALS

Revenue

$479,115

LOCKER RENTALS

Revenue

$143,169

CROQUET

Revenue

$18,100

Organization Details

Founding Year

1967

Principal Officer

E Craig Coats

Main Address

755 NORTH COUNTY ROAD, PALM BEACH, FL, 33480

NTEE Category

Code: N60 - Recreation

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