Civic Intelligence

Hawk'S Nest Golf Club Inc

EIN 65-0081639 • 501(c)7 • Vero Beach, FL

Profile

Hawk's nest golf club is a recreational club whose exempt purpose is to promote social interaction of club members by providing dining and recreational activities.

6005 Old Dixie HighwayVero Beach, FL 32967

hawksnestgolf.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.42x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

1.40x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2015

Net Margin

3rd percentile

-28%

Higher net margin than 3% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$103,390

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2015

Asset Growth

11th percentile

-5.2%

Faster asset growth than 11% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-24%

Faster revenue growth than 4% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,343,923

Down $401,520 (-5.2%) from 2014

Liabilities

Down

$3,088,552

Down $83,594 (-2.6%) from 2014

Net Assets

Down

$4,255,371

Down $317,926 (-7.0%) from 2014

Revenue

Down

$2,209,501

Down $685,717 (-24%) from 2014

Expenses

Down

$2,829,684

Down $612,700 (-18%) from 2014

Net Income

Down

-$620,183

Down $73,017 (-13%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $12,514,033Liabilities 2011: $3,709,320Net Assets 2011: $8,804,7132011Assets 2012: $9,097,764Liabilities 2012: $3,720,572Net Assets 2012: $5,377,1922012Assets 2013: $8,414,941Liabilities 2013: $3,501,631Net Assets 2013: $4,913,3102013Assets 2014: $7,745,443Liabilities 2014: $3,172,146Net Assets 2014: $4,573,2972014Assets 2015: $7,343,923Liabilities 2015: $3,088,552Net Assets 2015: $4,255,3712015

Highlighted filing

2015

Assets$7,343,923
Liabilities$3,088,552
Net Assets$4,255,371

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,668,422Expenses 2011: $3,242,126Net Income 2011: -$573,7042011Expenses 2012: $3,196,5402012Revenue 2013: $2,601,711Expenses 2013: $3,310,198Net Income 2013: -$708,4872013Revenue 2014: $2,895,218Expenses 2014: $3,442,384Net Income 2014: -$547,1662014Revenue 2015: $2,209,501Expenses 2015: $2,829,684Net Income 2015: -$620,1832015

Highlighted filing

2015

Revenue$2,209,501
Expenses$2,829,684
Net Income-$620,183

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Feb 29, 2016
Return Version
2014v6.0
Gross Receipts
$2,260,532
Mission and Program Overview

Mission

Hawk's nest golf club is a recreational club whose exempt purpose is to promote social interaction of club members by providing dining and recreational activities.

To bind members together with a common objective directed at pleasure and recreation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,767,069$6,337,789▼ $429,280
Cash and Non-Interest-Bearing Accounts$633,290$619,747▼ $13,543
Accounts Receivable$261,310$260,251▼ $1,059
Intangible Assets$22,017$94,916▲ $72,899
Prepaid Expenses and Deferred Charges$52,937$22,683▼ $30,254
Inventories for Sale or Use$8,820$8,537▼ $283
Total Assets$7,745,443$7,343,923▼ $401,520
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,971,284$1,984,286▲ $13,002
Deferred Revenue$654,848$660,823▲ $5,975
Other Liabilities$271,325$271,325→ $0
Accounts Payable and Accrued Expenses$274,689$172,118▼ $102,571
Total Liabilities$3,172,146$3,088,552▼ $83,594
Net Assets / Fund Balance
Unrestricted Net Assets$4,573,297$4,255,371▼ $317,926
Total Net Assets Fund Balance$4,573,297$4,255,371▼ $317,926
Total Liabilities and Net Assets / Fund Balance$7,745,443$7,343,923▼ $401,520

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,326,619$3,368,404$5,695,023
Buildings$1,411,656$1,800,756$3,212,412
Equipment$507,161$1,592,455$2,099,616
Land$2,092,353-$2,092,353
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carlos ArrayaClub House ManagerFT$97,172$6,218$103,390
Amber WolvertonControllerFT$70,149$5,600$75,749

Board Members and Trustees

NameTitle
Peter MclachlanPresident
David GriffenVice President
Brian BurkhardtDirector
Don GervaisDirector
Ricki MichalsDirector
Roger HainesDirector
Ron RossiDirector
Stan ZiemskiSecretary
William ColemanTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,934,229
Investment Income
$36
Other Revenue
$275,236
Change in Net Assets
$-620,183

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,209,501
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$51,031
Total Revenue per Audited Statements
$2,260,532
Total Revenue per Form 990
$2,209,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,614,366
Salaries, Compensation, and Employee Benefits$1,215,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$985,587
Depreciation Depletion---$630,559
Other Employee Benefits---$129,323
Payroll Taxes---$100,408
Occupancy---$87,539
All Other Expenses---$87,378
Interest---$64,041
Other Expenses---$59,217
Total Functional Expenses$0$0$0$2,829,684

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,880,715
Expenses per Audited Statements$2,829,684
Total Expenses per Form 990$2,829,684
Expenses Not Reported on Form 990$51,031
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease - Current$143,194
Capital Lease - Lt$128,131
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The club is a private member-owned club that is owned and operated for the pleasure and recreation of its members.

Form 990, Part VI, Section A, Line 7A

The following member categories have voting privileges: all equity member categories

Form 990, Part VI, Section A, Line 7B

The club requires approval for all capital assessments and by-law changes.

Form 990, Part VI, Section B, Line 11

The organization does not believe it is effective nor efficient for the entire governing board to review form 990 before filing. Thus, the governing board delegates the review of form 990 and the related schedules to the treasurer. The treasurer then reviews form 990 with its outside cpa preparers prior to the filing of the form.

Form 990, Part VI, Section B, Line 15

The board of directors utilizes industry information to determine the compensation for the manager and for the head golf pro, and the board of directors utilizes a regional compensation study to determine the compensation for all other positions.

Form 990, Part VI, Section C, Line 18

The club provides copies of form 990 and form 1024 upon request.

Form 990, Part VI, Section C, Line 19

The club's governing documents, financial statements, and conflict of interest policy are not available to the public.

Filing and Contact Details

Filer

Filer Name
HAWK'S NEST GOLF CLUB INC
EIN
65-0081639
Phone
7725699400
Address
6005 OLD DIXIE HIGHWAY, VERO BEACH, FL 32967

Signing Officer

Name
Peter Mclachlan
Title
President
Phone
7725699400
Signed
2016-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Mclachlan
Formed
1987
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
75
Volunteers
9

Preparer

Firm
Rsm US Llp
Address
1555 PALM BEACH LAKES BLVD SUITE, 700, WEST PALM BEACH, FL 33401
Preparer
Frank Lucas
Phone
5616971785
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Members equity -900. Apic 303,157.

Form 990, Part XII, Line 2C

No change from prior year

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 51,031.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 51,031.

Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASUER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/PYTotalExpensesAmt03442384
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02895218
IRS990/ReconcilationRevenueExpnssAmt0-620183
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01411656
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01800756
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03212412
IRS990ScheduleD/EquipmentGrp/BookValueAmt0507161
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01592455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02099616
IRS990ScheduleD/ExpensesNotReportedAmt051031
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02829684
IRS990ScheduleD/LandGrp/BookValueAmt02092353
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02092353
IRS990ScheduleD/OtherExpensesIncludedAmt051031
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02326619
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03368404
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05695023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0128131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1143194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE - LT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE - CURRENT
IRS990ScheduleD/OtherRevenueAmt051031
IRS990ScheduleD/RevenueNotReportedAmt051031
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02209501
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 51,031.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 51,031.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06337789
IRS990ScheduleD/TotalExpensesPerForm990Amt02829684
IRS990ScheduleD/TotalLiabilityAmt0271325
IRS990ScheduleD/TotalRevenuePerForm990Amt02209501
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02260532
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02880715
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING MEMBER CATEGORIES HAVE VOTING PRIVILEGES: ALL EQUITY MEMBER CATEGORIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CLUB REQUIRES APPROVAL FOR ALL CAPITAL ASSESSMENTS AND BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE TREASURER. THE TREASURER THEN REVIEWS FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS UTILIZES INDUSTRY INFORMATION TO DETERMINE THE COMPENSATION FOR THE MANAGER AND FOR THE HEAD GOLF PRO, AND THE BOARD OF DIRECTORS UTILIZES A REGIONAL COMPENSATION STUDY TO DETERMINE THE COMPENSATION FOR ALL OTHER POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CLUB'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERS EQUITY -900. APIC 303,157.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07745443
IRS990/TotalAssetsEOYAmt07343923
IRS990/TotalAssetsGrp/BOYAmt07745443
IRS990/TotalAssetsGrp/EOYAmt07343923
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt075
IRS990/TotalFunctionalExpensesGrp/TotalAmt02829684
IRS990/TotalGrossUBIAmt0246975
IRS990/TotalLiabilitiesBOYAmt03172146
IRS990/TotalLiabilitiesEOYAmt03088552
IRS990/TotalLiabilitiesGrp/BOYAmt03172146
IRS990/TotalLiabilitiesGrp/EOYAmt03088552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04573297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04255371
IRS990/TotalOtherCompensationAmt011818
IRS990/TotalProgramServiceRevenueAmt01934229
IRS990/TotalReportableCompFromOrgAmt0167321
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01962526
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02209501
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0246975
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07745443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07343923
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04573297
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04255371
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06005 OLD DIXIE HIGHWAY
IRS990/USAddress/CityNm0VERO BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032967
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HAWKSNESTGOLF.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER MCLACHLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07725699400
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAWK'S NEST GOLF CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0HAWK
ReturnHeader/Filer/EIN0650081639
ReturnHeader/Filer/PhoneNum07725699400
ReturnHeader/Filer/USAddress/AddressLine1Txt06005 OLD DIXIE HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0VERO BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032967
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01555 PALM BEACH LAKES BLVD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST PALM BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033401
ReturnHeader/PreparerPersonGrp/PhoneNum05616971785
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK LUCAS
ReturnHeader/ReturnTs02016-02-29T18:09:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

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