Civic Intelligence

Coral Creek Club Member Acquisition Corp

EIN 87-4087366 • 501(c)7 • Placida, FL

Profile

Coral creek club is a private member owned golf club, operated for the mutual enjoyment and benefit of its members.

13111 Gasparilla RoadPlacida, FL 33946

www.coralcreekclub.com

Siviq Scores

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

Liabilities / Assets

95th percentile

0.67x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

1.43x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Net Margin

97th percentile

39%

Higher net margin than 97% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$272,410

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Asset Growth

77th percentile

12%

Faster asset growth than 77% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-5.9%

Faster revenue growth than 13% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$27,353,929

Up $3,022,934 (+12%) from 2023

Liabilities

Down

$18,385,361

Down $1,938,066 (-9.5%) from 2023

Net Assets

Up

$8,968,568

Up $4,961,000 (+124%) from 2023

Revenue

Down

$12,884,727

Down $811,736 (-5.9%) from 2023

Expenses

Down

$7,923,727

Down $913,188 (-10%) from 2023

Net Income

Up

$4,961,000

Up $101,452 (+2.1%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2022: $14,118,650Liabilities 2022: $14,970,630Net Assets 2022: -$851,9802022Assets 2023: $24,330,995Liabilities 2023: $20,323,427Net Assets 2023: $4,007,5682023Assets 2024: $27,353,929Liabilities 2024: $18,385,361Net Assets 2024: $8,968,5682024

Highlighted filing

2024

Assets$27,353,929
Liabilities$18,385,361
Net Assets$8,968,568

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2022: $800,258Expenses 2022: $1,652,238Net Income 2022: -$851,9802022Revenue 2023: $13,696,463Expenses 2023: $8,836,915Net Income 2023: $4,859,5482023Revenue 2024: $12,884,727Expenses 2024: $7,923,727Net Income 2024: $4,961,0002024

Highlighted filing

2024

Revenue$12,884,727
Expenses$7,923,727
Net Income$4,961,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 23, 2025
Return Version
2023v6.0
Gross Receipts
$13,724,247
Mission and Program Overview

Mission

Coral creek club is a private member owned golf club, operated for the mutual enjoyment and benefit of its members.

Private member owned golf club, operated for the mutual enjoyment & benefit of its members & guests

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,096,075$17,116,488▲ $5,020,413
Cash and Non-Interest-Bearing Accounts$7,042,383$5,564,936▼ $1,477,447
Accounts Receivable$2,231,754$2,471,236▲ $239,482
Savings and Temporary Cash Investments$2,455,148$1,759,687▼ $695,461
Prepaid Expenses and Deferred Charges$312,188$243,189▼ $68,999
Inventories for Sale or Use$193,447$198,393▲ $4,946
Total Assets$24,330,995$27,353,929▲ $3,022,934
Liabilities
Deferred Revenue$6,910,649$12,424,366▲ $5,513,717
Mortgage Notes Payable Secured by Investment Property$12,301,034$5,053,570▼ $7,247,464
Accounts Payable and Accrued Expenses$1,072,433$907,385▼ $165,048
Other Liabilities$39,311$40▼ $39,271
Total Liabilities$20,323,427$18,385,361▼ $1,938,066
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,007,568$8,968,568▲ $4,961,000
Total Net Assets Fund Balance$4,007,568$8,968,568▲ $4,961,000
Total Liabilities and Net Assets / Fund Balance$24,330,995$27,353,929▲ $3,022,934

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,213,133-$5,213,133
Land$4,983,286-$4,983,286
Other Land Buildings$4,840,580-$4,840,580
Equipment$2,079,489-$2,079,489
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas NoyesGeneral ManagerFT$223,709$48,701$272,410
Erin StevensDirector of AgronomyFT$188,594$67,513$256,107
James LohbauerDirector of GolfFT$127,848$50,701$178,549
Alison NashClubhouse ManagerFT$129,298$6,141$135,439

Board Members and Trustees

NameTitle
Charlie MorrisonPresident
Ted DevnewPresident
Amy ClickBoard Member
Bill LapointBoard Member
Courtney McgovernBoard Member
Fran EdwardsonBoard Member
Jim MurphyBoard Member
Lindsay HooperBoard Member
Zayra CalderonBoard Member
Fran EdwardsonSecretary
Jon MelzerSecretary
Casey NewellTreasurer
Dan DanielVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,311,545
Investment Income
$296,312
Other Revenue
$2,276,870
Change in Net Assets
$4,961,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,765,927
Revenue Not Reported on Financial Statements
$118,800
Revenue Not Reported on Form 990
$839,520
Other Revenue Adjustments
$118,800
Total Revenue per Audited Statements
$13,605,447
Total Revenue per Form 990
$12,884,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,166,972
Salaries, Compensation, and Employee Benefits$3,756,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,533,347
Current Officers, Directors, Trustees, and Key Employees---$558,474
Insurance---$430,584
Payroll Taxes---$360,976
All Other Expenses---$358,219
Other Employee Benefits---$303,958
Fees for Services Other---$298,455
Interest---$263,718
Other Expenses---$241,290
Occupancy---$175,114
Office Expenses---$172,025
Information Technology---$22,866
Travel---$5,311
Total Functional Expenses$0$0$0$7,923,727

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,644,447
Total Expenses per Form 990$7,923,727
Expenses per Audited Statements$7,804,927
Expenses Not Reported on Form 990$839,520
Expenses Not Reported on Financial Statements$118,800
Other Expense Adjustments$118,800
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
Sales Tax Payable$40
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The club was incorporated as a membership organization.

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

The club's equity members may elect the governing body.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 will be reviewed and discussed among the organization's governing body prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The club's directors and employees complete a conflict of interest questionnaire on an annual basis to help identify potential conflicts.

Form 990, Part VI, Section B, Line 15

Compensations were reviewed and approved by the committee.

Form 990, Part VI, Section C, Line 19

The club does not make it's governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Coral Creek Club Member Acquisition Corp
EIN
87-4087366
Phone
9416971683
Address
13111 GASPARILLA ROAD, PLACIDA, FL 33946
Doing Business As
Coral Creek Club

Signing Officer

Name
Joe Siman
Title
Treasurer
Phone
9412145806
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Siman
Formed
2021
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
114
Volunteers
9

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 839,520.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grossup insurance proceeds 118,800.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 839,520.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grossup hurricane damages 118,800.

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IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0139173
IRS990/NetUnrelatedBusTxblIncmAmt0306582
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04007568
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08968568
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0175114
IRS990/OfficeExpensesGrp/TotalAmt0172025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0303958
IRS990/OtherExpensesGrp/Desc0UNRELATED BUS INC. TAX
IRS990/OtherExpensesGrp/Desc1GOLF COURSE OPERATIONS
IRS990/OtherExpensesGrp/Desc2REDEMPTION OF MEMBERSHI
IRS990/OtherExpensesGrp/Desc3CLUBHOUSE OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt039900
IRS990/OtherExpensesGrp/TotalAmt11593155
IRS990/OtherExpensesGrp/TotalAmt2566335
IRS990/OtherExpensesGrp/TotalAmt3241290
IRS990/OtherLiabilitiesGrp/BOYAmt039311
IRS990/OtherLiabilitiesGrp/EOYAmt040
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0HURRICANE INSURANCE CL
IRS990/OtherRevenueMiscGrp/ExclusionAmt0900000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0935380
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt035380
IRS990/OtherRevenueTotalAmt0935380
IRS990/OtherSalariesAndWagesGrp/TotalAmt02533347
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0360976
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0312188
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0243189
IRS990/PrincipalOfficerNm0JOE SIMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/BusinessCd3713910
IRS990/ProgramServiceRevenueGrp/BusinessCd4713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1DEBT ASSESSMENT
IRS990/ProgramServiceRevenueGrp/Desc2IRRIGATION ASSESSMENT
IRS990/ProgramServiceRevenueGrp/Desc3ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc4CAPITAL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05481550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11572850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21566000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31275000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4416145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05481550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11572850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21566000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31275000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4416145
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-599321
IRS990/PYOtherExpensesAmt05651971
IRS990/PYOtherRevenueAmt02625989
IRS990/PYProgramServiceRevenueAmt011669795
IRS990/PYRevenuesLessExpensesAmt04859548
IRS990/PYSalariesCompEmpBnftPaidAmt03184944
IRS990/PYTotalExpensesAmt08836915
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013696463
IRS990/ReconcilationRevenueExpnssAmt04961000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02455148
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01759687
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05213133
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05213133
IRS990ScheduleD/EquipmentGrp/BookValueAmt02079489
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02079489
IRS990ScheduleD/ExpensesNotReportedAmt0839520
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0118800
IRS990ScheduleD/ExpensesSubtotalAmt07804927
IRS990ScheduleD/LandGrp/BookValueAmt04983286
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04983286
IRS990ScheduleD/OtherExpensesIncludedAmt0839520
IRS990ScheduleD/OtherExpensesNotIncludedAmt0118800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04840580
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04840580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherRevenueAmt0839520
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0118800
IRS990ScheduleD/RevenueNotReportedAmt0839520
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0118800
IRS990ScheduleD/RevenueSubtotalAmt012765927
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 839,520.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GROSSUP INSURANCE PROCEEDS 118,800.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 839,520.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3GROSSUP HURRICANE DAMAGES 118,800.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017116488
IRS990ScheduleD/TotalExpensesPerForm990Amt07923727
IRS990ScheduleD/TotalLiabilityAmt040
IRS990ScheduleD/TotalRevenuePerForm990Amt012884727
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013605447
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08644447
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0223709
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1188594
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2127848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount030000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount232000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt117513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt218701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20

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