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: $5,423,753
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.
What is the revenue of The Beach Club Inc?
The Beach Club Inc's revenue in 2023 was $8,707,564.
Who are the executives of The Beach Club Inc and what are their salaries?
The average compensation at The Beach Club Inc during 2023 was $38,466. There are 141 employees and 11 volunteers at The Beach Club Inc.
Here are 16 key members and their salaries:
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- Compensation: $330,384
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- Other: $10,850
- Compensation: $120,731
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- Other: $6,982
- Compensation: $194,846
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- Other: $10,442
- Compensation: $153,558
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- Other: $10,593
- Compensation: $182,878
- Related: $0
- Other: $11,541
Where can I find the form 990 for The Beach Club Inc?
The Beach Club Inc's most recent form 990 was submitted in 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $296,029
- Program Service Revenue: $8,188,125
- Gross Receipts: $11,634,683
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
$6,789,221
TENNIS
Revenue
$614,818
CABANA RENTALS
Revenue
$539,948
LOCKER RENTALS
Revenue
$190,669
CROQUET
Revenue
$53,469
Organization Details
Founding Year
1967
Principal Officer
E Craig Coats
NTEE Category
Code: N60 - Recreation
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