Overview
What is Boca Pointe Former Equity Members Inc?
Boca Pointe Former Equity Members Inc is a nonprofit organization based in Boca Raton, Florida, with an address at 6369 Brava Way. Initially established as a social club, its primary objective was to foster pleasure and recreation among its members by offering dining and recreational activities. The club, which provided golf, dining, and other athletic facilities, had a significant transformation in August 2021. It sold all its assets to an unrelated third party and distributed partial funds to its members during the following fiscal year. Currently, the organization is in the process of finalizing administrative matters, with plans to distribute the remaining funds to its members by August 2023.
Is Boca Pointe Former Equity Members Inc legitimate?
Boca Pointe Former Equity Members Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Boca Pointe Former Equity Members 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: $0
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What is the mission statement of Boca Pointe Former Equity Members Inc?
Boca Pointe Former Equity Members Inc, as an organization, aims to foster a sense of camaraderie among its members by sharing a common objective centered around pleasure and recreation. Their primary exempt purpose is to encourage social interaction among club members through the provision of dining and recreational activities. Boca Pointe Country Club, serving as the platform for this association, offers various facilities such as golf courses and athletic areas for the enjoyment of its members. In August 2021, the club sold its assets to an external party and, subsequently, made a portion of the proceeds available to its members. The organization is currently in the process of finalizing administrative matters and expects to distribute the remaining funds to its members by August 2023.
Who is the CEO of Boca Pointe Former Equity Members Inc?
Mark Nelles is the Chairman of Boca Pointe Former Equity Members Inc.
What is the revenue of Boca Pointe Former Equity Members Inc?
Boca Pointe Former Equity Members Inc's revenue in 2022 was $0.
Who are the executives of Boca Pointe Former Equity Members Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Boca Pointe Former Equity Members Inc?
Boca Pointe Former Equity Members Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boca Pointe Former Equity Members Inc
Boca Pointe Former Equity Members Inc, a social club, is dedicated to fostering camaraderie among its members by promoting pleasure and recreation. The organization's primary objective is to facilitate social interaction among its members through the provision of dining and recreational activities. Boca Pointe Country Club, as it is known, offers various amenities such as golf courses and other athletic facilities, providing its members with diverse leisure opportunities. In August 2021, the club sold its assets to an external party and distributed a portion of the funds to its members. The club is currently in the process of finalizing administrative matters and anticipates making the final distribution of funds to its members by August 2023.
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Impact
October, 2024
Boca Pointe Former Equity Members Inc plays a pivotal role in fostering a sense of community and camaraderie among its members. By binding members together with a common objective centered on pleasure and recreation, it enhances social interaction and engagement. The organization facilitates access to a range of activities, such as golf and dining, promoting a lifestyle centered around leisure and enjoyment.
After the sale of Boca Pointe Country Club's assets, the organization has been pivotal in managing the transition for its former equity members. Through the distribution of funds, it ensures that the members are fairly compensated and that they maintain a connection to the community. The ongoing process of finalizing administrative matters and the anticipation of further distributions reflect a commitment to transparency and member support during this transition. Overall, Boca Pointe Former Equity Members Inc significantly impacts its members by preserving the community spirit and recreational opportunities that enrich their lives.
This information is meant to be a general summary of Boca Pointe Former Equity Members 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.
Assets and Liabilities:
- Total Assets: $693,105
- Total Liabilities: $0
- Net Assets: $693,105
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Organization Details
Founding Year
1988
Phone
(561) 864-8500Principal Officer
Mark Nelles
Main Address
6369 BRAVA WAY, BOCA RATON, FL, 33433
NTEE Category
Code: N50 - Recreation
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