Totals
- Total revenue
- $15,964,956
- Total expenses
- $22,553,427
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $13,764,593
- Investment income
- $117,439
- Other revenue
- $2,082,924
- Total assets, end of year
- $84,939,364
- Total liabilities, end of year
- $18,675,831
- Net assets or fund balances, end of year
- $66,263,533
- 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 $12,725,212 · related or exempt $12,725,212
-
2b · Program service revenue: TENNIS FEES
total $355,516 · related or exempt $355,516
-
2c · Program service revenue: LOCKER RENTALS
total $184,975 · related or exempt $184,975
-
2d · Program service revenue: GREENS FEES
total $166,460 · related or exempt $160,586 · unrelated business $5,874
-
2e · Program service revenue: GOLF LESSONS
total $143,705 · related or exempt $143,705
-
2f · All other program service revenue
total $188,725 · related or exempt $188,725
-
3 · Investment income
total $102,491 · unrelated business $102,491
-
7a · Gross sales of assets other than inventory
other assets $35,250
-
7b · Less cost or other basis and sales expenses
other assets $20,302
-
7c · Gain or loss
other assets $14,948
-
7d · Net gain or loss
total $14,948 · excluded $14,948
-
10a · Gross sales of inventory
$3,849,076
-
10b · Cost of goods sold
$1,858,462
-
10c · Net income from sales of inventory
total $1,990,614 · related or exempt $1,989,726 · unrelated business $888
-
11a · Other revenue: MISCELLANEOUS
total $87,638 · related or exempt $87,638
-
11b · Other revenue: TRUE SPEC COMMISSION
total $4,672 · unrelated business $4,672
-
11e · Other revenue, total
$92,310
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $8,012,762
-
9 · Other employee benefits
total $1,821,324
-
16 · Occupancy
total $915,239
-
22 · Depreciation, depletion and amortization
total $3,030,592
-
23 · Insurance
total $419,144
-
24a · Other expenses: INCOME TAX
total $106,000
-
24b · Other expenses: CLUBHOUSE
total $2,194,930
-
24c · Other expenses: GOLF COURSE MAINTENANCE
total $1,482,737
-
24d · Other expenses: EXCESS HURRICANE INSURA
total $1,139,974
-
24e · All other expenses
total $3,430,725
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,451,047 · end of year $1,481,356
-
4 · Accounts receivable
beginning of year $1,463,017 · end of year $1,559,526
-
8 · Inventories for sale or use
beginning of year $378,198 · end of year $386,953
-
9 · Prepaid expenses and deferred charges
beginning of year $1,361,991 · end of year $1,682,782
-
10a · Land, buildings and equipment: cost or other basis
$95,176,368
-
10b · Land, buildings and equipment: accumulated depreciation
$16,550,634
-
10c · Land, buildings and equipment, net
beginning of year $33,323,252 · end of year $78,625,734
-
12 · Investments: other securities
beginning of year $5,249,582
-
15 · Other assets
beginning of year $1,177,500 · end of year $1,203,013
-
17 · Accounts payable and accrued expenses
beginning of year $1,487,475 · end of year $1,627,913
-
19 · Deferred revenue
beginning of year $116,575 · end of year $0
-
25 · Other liabilities
beginning of year $6,209,866 · end of year $17,047,918
-
27 · Net assets without donor restrictions
beginning of year $37,590,671 · end of year $66,263,533
Mission and programs · 2023
Mission
PALM BEACH COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXPEMT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Activities or mission (Part I)
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
-
FOOD AND BEVERAGE SALES TOTALED $ 3,023,291 FOR THE YEAR ENDING 06/30/2024, OF WHICH $608 WAS NON-MEMBER RELATED INCOME.
-
THE CLUB PROVIDES GOLF AND DINING FACILITIES TO APPROXIMATELY 380 MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Robert SchlagerROBERT SCHLAGER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Richard RothschildRICHARD ROTHSCHILD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John WallersteinJOHN WALLERSTEIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Michael RomeMICHAEL ROME
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael MargolisMICHAEL MARGOLIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David BlueDAVID BLUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard BornsteinRICHARD BORNSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen FineSTEPHEN FINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tony FromerTONY FROMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey B LaneJEFFREY B LANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David S MackDAVID S MACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William MackWILLIAM MACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Robin SmithDR ROBIN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert SnyderROBERT SNYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vincent TeseVINCENT TESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin WinterBENJAMIN WINTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald PassaggioRONALD PASSAGGIO
GENERAL MANAGER
- Total calculated
- $648,219
- From this org
- $617,185
- From related orgs
- $0
- Other
- $31,034
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $451,938
- Bonus
- $165,247
- Other
- $0
- Deferred
- $11,909
- Nontaxable benefits
- $19,125
- Filer's total
- $648,219
-
Richard KellemsRICHARD KELLEMS
CHIEF FINANCIAL OFFICER
- Total calculated
- $367,086
- From this org
- $338,453
- From related orgs
- $0
- Other
- $28,633
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $243,453
- Bonus
- $95,000
- Other
- $0
- Deferred
- $9,508
- Nontaxable benefits
- $19,125
- Filer's total
- $367,086
-
George KervernGEORGE KERVERN
GOLF SUPERINTENDENT
- Total calculated
- $417,912
- From this org
- $378,660
- From related orgs
- $0
- Other
- $39,252
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $318,660
- Bonus
- $60,000
- Other
- $0
- Deferred
- $12,410
- Nontaxable benefits
- $26,842
- Filer's total
- $417,912
-
Ezequiel LopezEZEQUIEL LOPEZ
EXECUTIVE CHEF
- Total calculated
- $377,159
- From this org
- $342,301
- From related orgs
- $0
- Other
- $34,858
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $272,301
- Bonus
- $70,000
- Other
- $0
- Deferred
- $8,016
- Nontaxable benefits
- $26,842
- Filer's total
- $377,159
-
Adilson SilvaADILSON SILVA
CLUBHOUSE MANAGER
- Total calculated
- $224,822
- From this org
- $199,893
- From related orgs
- $0
- Other
- $24,929
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $154,893
- Bonus
- $45,000
- Other
- $0
- Deferred
- $5,804
- Nontaxable benefits
- $19,125
- Filer's total
- $224,822
-
Zachary BradyZACHARY BRADY
HEAD GOLF PROFESSIONAL
- Total calculated
- $301,386
- From this org
- $282,981
- From related orgs
- $0
- Other
- $18,405
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $259,481
- Bonus
- $23,500
- Other
- $0
- Deferred
- $10,017
- Nontaxable benefits
- $8,388
- Filer's total
- $301,386
-
John Bednar IVJOHN BEDNAR IV
GOLF PROFESSIONAL
- Total calculated
- $204,608
- From this org
- $192,078
- From related orgs
- $0
- Other
- $12,530
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $184,578
- Bonus
- $7,500
- Other
- $0
- Deferred
- $4,906
- Nontaxable benefits
- $7,624
- Filer's total
- $204,608
-
Kirby KrauterKIRBY KRAUTER
HEAD TENNIS PROFESSIONAL
- Total calculated
- $364,748
- From this org
- $345,172
- From related orgs
- $0
- Other
- $19,576
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $341,172
- Bonus
- $4,000
- Other
- $0
- Deferred
- $11,188
- Nontaxable benefits
- $8,388
- Filer's total
- $364,748
-
Payton MinearPAYTON MINEAR
GOLF PROFESSIONAL
- Total calculated
- $205,832
- From this org
- $192,600
- From related orgs
- $0
- Other
- $13,232
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $179,600
- Bonus
- $13,000
- Other
- $0
- Deferred
- $4,844
- Nontaxable benefits
- $8,388
- Filer's total
- $205,832
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 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 1A
- THE CLUB PROVIDES A RESIDENCE ON SITE TO THE GENERAL MANAGER FOR SECURITY PURPOSES AND AS A CONDITION OF EMPLOYMENT. THIS IS NOT TAXABLE COMPENSATION TO THE GENERAL MANAGER.
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
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349307702
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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