BLEA501(c)(7) · MEDIUMNAICS 713910EIN 59-2674425
Bear Lakes Country Club Inc
West Palm Bch, FL · founded 1999
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$12.26M
▲ 78.3% YoY
FY23 Total Expenses
$13.64M
▲ 54.7% YoY
Operating Margin
-11.2%
revenue minus expenses ÷ revenue
Employees
121
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2023 · as filed
Revenue
$12.3M
▲ 76.1% / 5y
Expenses
$13.6M
▲ 48.9% / 5y
Total Assets
$31.8M
▲ 39.7% / 5y
Total Liabilities
$14.6M
▲ 6.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.0M | $8.9M | $6.9M | $6.9M | $12.3M | +76.1% |
| Expenses | $9.2M | $11.6M | $8.8M | $8.8M | $13.6M | +48.9% |
| Net surplus | -$2.2M | -$2.7M | -$1.9M | -$1.9M | -$1.4M | -37.3% |
| Total assets | $22.7M | $22.8M | $27.1M | $27.1M | $31.8M | +39.7% |
| Total liabilities | $13.7M | $14.5M | $16.1M | $16.1M | $14.6M | +6.7% |
| Net assets | $9.1M | $8.3M | $11.0M | $11.0M | $17.2M | +89.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHRISTIAN HULL GENERAL MANAGER/COO· 40h/wk | $437,780 | $13,995 |
MICHAEL J RIENZI DIRECTOR OF GOLF MAINTENAN· 40h/wk | $280,225 | $10,663 |
JAMES M GASCOIGNE DIRECTOR OF GOLF OPERATION· 40h/wk | $187,605 | $7,484 |
DANIEL MAULE Executive Chef· 40h/wk | $122,824 | $4,919 |
BRIAN DZIUBA Chief Financial Officer· 40h/wk | $119,974 | — |
JAMES H SLATER Chief Financial Officer· 40h/wk | $44,678 | $16,044 |
+ 14 unpaid officers/directors as reported (CHARLES ZACHARIAS, CHRIS SKALETSKY, JANICE DEMARCO, +11 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $8,132,060 |
| GOLF OPERATIONS | $2,256,427 |
| LOCKERS & BAGS | $99,963 |
| TENNIS FEES | $41,254 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.6M
▼ $266K paid down
Net land, buildings & equipment
$16.9M
book value, net of depreciation
Facility age
51%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $403,770 |
| Depreciation & depletion | $1,591,647 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BEAR LAKES COUNTRY CLUB 401(K) PLAN
pension · 66 participants · $1.9M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
First-Line Supervisors of Food Preparation and Serving Workers West Palm Beach, FL | $46K | 1 | Oct 2025 → May 2026 |
Waiters and Waitresses West Palm Beach, FL | $37K | 10 | Oct 2025 → May 2026 |
Landscaping and Groundskeeping Workers West Palm Beach, FL | $37K | 4 | Oct 2025 → May 2026 |
Cooks, Restaurant West Palm Beach, FL | $36K | 5 | Oct 2025 → May 2026 |
Amusement and Recreation Attendants West Palm Beach, FL | $30K | 13 | Oct 2025 → May 2026 |
BFounded in 1999, Bear Lakes Country Club Inc reported $12.26M of revenue for FY23, at an operating margin of -11.2%. Revenue moved up 78.3% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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