Overview
What is Loblolly Inc?
Loblolly Inc, located in Hobe Sound, Florida, is a nonprofit organization primarily focused on leisure and enjoyment for its members. With a staff of 151 individuals, the club offers a 9-hole golf course and encourages social interaction among its members through dining and recreational activities. The club, with its non-member related golf rounds approximating 18,667 annually, serves as a haven for members seeking pleasure and recreation.
Official website here: www.loblollyinfo.com
Is Loblolly Inc legitimate?
Loblolly Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Loblolly 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: $6,866,322
For more financial information, click here
Official website here: www.loblollyinfo.com
What is the mission statement of Loblolly Inc?
Loblolly Inc, as a recreational club, is committed to fostering camaraderie among its members. Its exempt purpose is to encourage social interaction, achieving this through the provision of dining and recreational activities. The club's primary feature is an 18-hole golf course, which saw approximately 18,667 rounds of golf played during the year, with none of these being related to non-members. This suggests that Loblolly Inc mainly caters to its own members for leisure and recreational activities.
Official website here: www.loblollyinfo.com
What is the revenue of Loblolly Inc?
Loblolly Inc's revenue in 2023 was $9,952,303.
Official website here: www.loblollyinfo.com
Who are the executives of Loblolly Inc and what are their salaries?
The average compensation at Loblolly Inc during 2023 was $45,472. There are 151 employees and 75 volunteers at Loblolly Inc.
Here are 18 key members and their salaries:
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- Compensation: $239,175
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- Other: $23,067
- Compensation: $162,637
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- Other: $1,860
- Compensation: $181,025
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- Other: $30,452
- Compensation: $327,279
- Related: $0
- Other: $6,878
- Compensation: $172,969
- Related: $0
- Other: $12,390
Official website here: www.loblollyinfo.com
Where can I find the form 990 for Loblolly Inc?
Loblolly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.loblollyinfo.com
Learn more at the official website: www.loblollyinfo.com
Mission Statement of Loblolly Inc
Loblolly Inc, a recreational club, is dedicated to fostering camaraderie among its members by pursuing shared pleasures and leisure activities. The organization's mission is centered around promoting social interaction within the club membership through the provision of dining opportunities and recreational activities. Loblolly Inc serves as a platform for its members to engage in leisurely pursuits, fostering a sense of community and shared enjoyment. The club boasts an 18-hole golf course, a popular recreational activity that attracted approximately 18,667 rounds of play during the year, with no rounds being played by non-members. This data suggests a strong member engagement in the golfing activities offered by Loblolly Inc.
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Impact
October, 2024
Loblolly Inc creates a significant impact by fostering social interaction among its members through recreational activities. With its 18-hole golf course, the club facilitates a vibrant community where members can engage in leisure activities and connect with one another. Over the past year, approximately 18,667 rounds of golf were played by members, highlighting the club's role in promoting physical activity and socialization. By offering dining and recreational opportunities, Loblolly Inc enhances the quality of life for its members, providing a welcoming environment for relaxation and pleasure. The club's commitment to recreation not only benefits individual members but also enriches the broader community in Hobe Sound, Florida, through a shared focus on enjoyment and camaraderie.
This information is meant to be a general summary of Loblolly 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: $191,524
- Program Service Revenue: $9,083,205
- Gross Receipts: $11,746,582
Assets and Liabilities:
- Total Assets: $25,016,511
- Total Liabilities: $1,136,666
- Net Assets: $23,879,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$8,052,729
HEALTH & FITNESS
Revenue
$617,957
GOLF ACTIVITIES
Revenue
$319,534
POOL AND TENNIS
Revenue
$92,985
Organization Details
Founding Year
1987
Principal Officer
William S Turner
Website
www.loblollyinfo.comNTEE Category
Code: N50 - Recreation
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