Totals
- Total revenue
- $12,263,141
- Total expenses
- $14,391,833
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $10,650,134
- Investment income
- $41,431
- Other revenue
- $1,571,576
- Total assets, end of year
- $44,999,615
- Total liabilities, end of year
- $17,183,670
- Net assets or fund balances, end of year
- $27,815,945
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $6,734,711 · related or exempt $6,734,711
-
2b · Program service revenue: HURRICANE IAN ASSESSMENTS
total $2,209,400 · related or exempt $2,209,400
-
2c · Program service revenue: GREENS AND CART RENTAL FEES
total $1,028,751 · related or exempt $943,633 · unrelated business $85,118
-
2d · Program service revenue: JOINING FEES
total $506,000 · related or exempt $506,000
-
2e · Program service revenue: TENNIS AND FITNESS REVENUES
total $91,250 · related or exempt $87,540 · unrelated business $3,710
-
2f · All other program service revenue
total $80,022 · related or exempt $80,022
-
3 · Investment income
total $56,269 · unrelated business $56,269
-
7b · Less cost or other basis and sales expenses
other assets $14,838
-
7c · Gain or loss
other assets -$14,838
-
7d · Net gain or loss
total -$14,838 · related or exempt -$14,838
-
10a · Gross sales of inventory
$3,247,337
-
10b · Cost of goods sold
$1,696,867
-
10c · Net income from sales of inventory
total $1,550,470 · related or exempt $1,439,727 · unrelated business $110,743
-
11a · Other revenue: OTHER INCOME
total $13,559 · related or exempt $13,559
-
11b · Other revenue: HURRICANE INSURANCE PROCEEDS
total $7,547 · excluded $7,547
-
11e · Other revenue, total
$21,106
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $545,730
-
7 · Other salaries and wages
total $4,797,479
-
8 · Pension plan contributions
total $76,729
-
9 · Other employee benefits
total $1,028,005
-
11b · Fees: legal
total $158,417
-
20 · Interest
total $132,012
-
22 · Depreciation, depletion and amortization
total $2,167,121
-
23 · Insurance
total $1,001,420
-
24a · Other expenses: GOLF OPERATIONS
total $1,573,882
-
24b · Other expenses: HURRICANE IAN EXPENSES
total $1,360,529
-
24c · Other expenses: FOOD & BEVERAGE
total $707,140
-
24d · Other expenses: GENERAL AND ADMINISTRAT
total $314,964
-
24e · All other expenses
total $528,405
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,442,537 · end of year $6,966,282
-
4 · Accounts receivable
beginning of year $1,096,415 · end of year $545,553
-
8 · Inventories for sale or use
beginning of year $232,017 · end of year $301,196
-
9 · Prepaid expenses and deferred charges
beginning of year $631,419 · end of year $1,462,801
-
10a · Land, buildings and equipment: cost or other basis
$43,793,072
-
10b · Land, buildings and equipment: accumulated depreciation
$12,977,483
-
10c · Land, buildings and equipment, net
beginning of year $17,020,446 · end of year $30,815,589
-
15 · Other assets
beginning of year $14,466,781 · end of year $4,908,194
-
17 · Accounts payable and accrued expenses
beginning of year $3,292,108 · end of year $3,225,610
-
19 · Deferred revenue
beginning of year $2,829,402 · end of year $3,803,292
-
25 · Other liabilities
beginning of year $6,207,710 · end of year $10,154,768
-
27 · Net assets without donor restrictions
beginning of year $26,560,395 · end of year $27,815,945
Mission and programs · 2022
Mission
THE ISLAND COUNTRY CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
-
TEH CLUB HAS ONE 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 05/31/2023 WAS APPROXIMATELY 24,646 OF WHICH APPROXIMATELY 606 ROUNDS WERE NON-MEMBER RELATED.
-
TOTAL FOOD & BEVERAGE REVENUE FOR THE YEAR ENDED 05/31/2023 WAS $2,675,005 OF WHICH $206,323 WAS NON-MEMBER RELATED.
As filed on the 2022 return.
Listed in Part VII
-
Peter BoyntonPETER BOYNTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim BurschJIM BURSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donna GlanzmanDONNA GLANZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harry RubashHARRY RUBASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert StanojevROBERT STANOJEV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William AlbaneseWILLIAM ALBANESE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Scott WelliverSCOTT WELLIVER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Gerard ShannonGERARD SHANNON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mary AppollinaMARY APPOLLINA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bid BakkarBID BAKKAR
GENERAL MANAGER
- Total calculated
- $338,741
- From this org
- $307,032
- From related orgs
- $0
- Other
- $31,709
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,792
- Bonus
- $50,000
- Other
- $33,240
- Deferred
- $4,737
- Nontaxable benefits
- $26,972
- Filer's total
- $338,741
-
Annette ScuteriANNETTE SCUTERI
CONTROLLER
- Total calculated
- $192,376
- From this org
- $164,074
- From related orgs
- $0
- Other
- $28,302
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,074
- Bonus
- $18,000
- Other
- $27,000
- Deferred
- $4,375
- Nontaxable benefits
- $23,927
- Filer's total
- $192,376
-
Loren CogswellLOREN COGSWELL
EXECUTIVE CHEF
- Total calculated
- $132,158
- From this org
- $102,303
- From related orgs
- $0
- Other
- $29,855
- Hours/week
- 40
-
Michael SlackMICHAEL SLACK
COURSE SUPERINTENDENT
- Total calculated
- $208,205
- From this org
- $181,905
- From related orgs
- $0
- Other
- $26,300
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,605
- Bonus
- $13,300
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,300
- Filer's total
- $208,205
-
Nina LaneNINA LANE
FITNESS DIRECTOR
- Total calculated
- $130,337
- From this org
- $111,658
- From related orgs
- $0
- Other
- $18,679
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION COMMITTEE MEETS DURING THE BUDGET PROCESS AND IN CONJUNCTION WITH THE FINANCE COMMITTEE RECOMMENDS EMPLOYEE SALARY INCREASES AND PERFORMANCE BONUSES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431029349301668
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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