Club Index›FL›VNEN

MoreRankings The Ledger Methodpublic IRS Form 990 records

The Annual Register

Country Club Intel

The Annual Register

Country Club Intel

Data from public IRS Form 990 · ProPublica Nonprofit Explorer

VNEN501(c)(7) · MEDIUMNAICS 713910EIN 65-0223681

Venice Golf And Country Club No 1 Inc

Venice, FL · founded 1999

12 filings on recordFY 2011–2022medium confidence

Compare to peers →

FY22 Total Revenue

$6.43M

▲ 10.1% YoY

FY22 Total Expenses

$8.35M

▲ 31.6% YoY

Operating Margin

-29.8%

revenue minus expenses ÷ revenue

Employees

136

headcount as reported on filing

The Five-Year Picture

FY2018 — FY2022 · as filed

Revenue

$6.4M

▲ 23.5% / 5y

Expenses

$8.3M

▲ 35.9% / 5y

Total Assets

$21.0M

▲ 64.4% / 5y

Total Liabilities

$3.5M

▲ 70.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY18	FY19	FY20	FY21	FY22	Δ total
Revenue	$5.2M	$5.5M	$5.8M	$5.8M	$6.4M	+23.5%
Expenses	$6.1M	$6.4M	$6.3M	$6.3M	$8.3M	+35.9%
Net surplus	-$936K	-$934K	-$501K	-$501K	-$1.9M	+105.0%
Total assets	$12.8M	$17.8M	$20.7M	$20.7M	$21.0M	+64.4%
Total liabilities	$2.1M	$1.2M	$2.9M	$2.9M	$3.5M	+70.1%
Net assets	$10.7M	$16.6M	$17.8M	$17.8M	$17.5M	+63.3%

Officer & staff compensation

FY22 · from IRS Form 990

Officer · Employee	Reportable	Other
JIM SCHELL General Manager· 40h/wk	$301,802	$18,052
NICHOLAS KEARNS EMPLOYEE· 40h/wk	$169,808	$21,870
RUTHANNE SKOWRONSKI Chief Financial Officer· 40h/wk	$134,678	$16,377
MICHAEL PASILLA EMPLOYEE· 40h/wk	$121,917	$22,277

+ 9 unpaid officers/directors as reported (ANDREA CAMPBELL, CHARLIE FITZPATRICK, CHRISTINE MADIGAN, +6 more)

Top contractors

FY22 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY22 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$3,490,959
GOLF REVENUE	$760,700

Balance sheet & capital

FY22 · IRS Form 990, Part X

Mortgages & notes payable

$883K

▼ $760K paid down

Net land, buildings & equipment

$17.6M

book value, net of depreciation

Facility age

44%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY22 · Form 990, Part IX

Insurance	$182,392
Occupancy	$338,220
Depreciation & depletion	$1,355,469
Information technology	$78,582
Advertising & promotion	$34,173
Office expenses	$109,282
Legal fees	$105,070
Accounting fees	$17,938
Other professional fees	$250,795

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

THE VENICE GOLF & COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST

pension · 105 participants · $1.7M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

VFounded in 1999, Venice Golf And Country Club No 1 Inc reported $6.43M of revenue for FY22, at an operating margin of -29.8%. Revenue moved up 10.1% 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

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2020 · period ending Thu Dec 31 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

+ 9 more · via ProPublica

The Quarterly · free