Nonprofit · EIN 59-0542388
GULF STREAM BATH & TENNIS CLUB INC
Tax-exempt · DELRAY BEACH, FL 33483
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $3,849,474 | $4,950,487 | -$1,101,013 | $10,864,029 | $840,727 | $10,023,302 |
| May 31, 2024 | 990 | $5,225,967 | $6,297,065 | -$1,071,098 | $10,473,434 | $761,197 | $9,712,237 |
| May 31, 2023 | 990 | $4,693,526 | $5,687,992 | -$994,466 | $10,078,227 | $814,521 | $9,263,706 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,175,870
- Investment income
- $25,065
- Net gain from sales of assets
- -$97,098
- Net income from sales of inventory
- -$447,855
- Other revenue
- -$351,461
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $885,739
- Other salaries and wages
- $510,053
- Salaries, compensation and benefits (total)
- $1,841,870
- Professional fundraising fees
- $0
- Depreciation
- $934,803
Balance sheet and other
- Total assets, start of year
- $10,473,434
- Total assets, end of year
- $10,864,029
- Total liabilities, end of year
- $840,727
- Net assets, end of year
- $10,023,302
- Land, buildings and equipment
- $6,965,253
- Net assets without donor restrictions
- $10,023,302
- Gross unrelated business income
- $101,806
- Gross receipts
- $6,934,735
- Employees
- 85
- Volunteers
- 15
- Year formed
- 1990
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J TERRITO | GENERAL MANAGER/COO Officer | 40 | $307,811 | $16,246 |
| CAREY SAVONA | EXECUTIVE CHEF Highest-paid employee | 40 | $205,267 | $17,054 |
| DENZIL PIETERS | DIRECTOR OF TENNIS Highest-paid employee | 40 | $199,684 | $22,381 |
| REBEKAH MCGREE | CLUBHOUSE MANAGER Highest-paid employee | 40 | $172,977 | $4,309 |
| JOANNE F HAYES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALEX G POWER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS L BROWN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY W GRAZIANO JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETTINA SMITH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| THOMAS M STANLEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOHN VANDERSLICE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| GEORGE DEB BELL JR | GOVERNOR Trustee or director | 1 | $0 | $0 |
| S CURTISS ROACH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| W FREDERICK SOUDER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| EMILY STARKEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDOLPH C HARRELL | GOVERNOR Trustee or director | 1 | $0 |
| NANCY L HELMUTH | GOVERNOR Trustee or director | 1 | $0 |
| KEVIN J MARONI | GOVERNOR Trustee or director | 1 | $0 |
| JORGETTE D SMITH | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J TERRITO | GENERAL MANAGER/COO Officer | 40 | $257,856 | $34,069 |
| CAREY SAVONA | HEAD CHEF Highest-paid employee | 40 | $162,080 | $30,607 |
| REBEKAH MCGREE | CLUBHOUSE MANAGER Highest-paid employee | 40 | $122,804 | $28,040 |
| CRAIG REGER | CONTROLLER Officer | 40 | $135,550 | $9,954 |
| JOANNE F HAYES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRADFORD B KOPP | VICE PRESIDENT (THROUGH 3/24) Trustee or director, Officer | 1 | $0 | $0 |
| ALEX POWER | VICE PRESIDENT (AS OF 3/24) Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY W GRAZIANO JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL HEFLEY | TREASURER (THROUGH 3/24) Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS L BROWN | TREASURER (AS OF 3/24) Trustee or director, Officer | 1 | $0 | $0 |
| S CURTISS ROACH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RANDOLPH HARRELL | GOVERNOR (AS OF 3/24) Trustee or director | 1 | $0 | $0 |
| THOMAS STANLEY | GOVERNOR (AS OF 3/24) Trustee or director | 1 | $0 | $0 |
| TINA SMITH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| GEORGE DEB BELL JR | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOHN T VANDERSLICE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| W FREDERICK SOUDER V | GOVERNOR Trustee or director | 1 | $0 | $0 |
| NANCY HELLMUTH | GOVERNOR (AS OF 3/24) Trustee or director | 1 | $0 | $0 |
| RICHARD DIPIETRO | GOVERNOR (THROUGH 3/24) Trustee or director | 1 | $0 | $0 |
| SUZANNE M SENNATT | GOVERNOR (THROUGH 3/24) Trustee or director | 1 | $0 | $0 |
| JORGETTE D SMITH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| EMILY STARKLEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KEVIN MARONI | GOVERNOR (AS OF 3/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J TERRITO | GENERAL MANAGER/COO Officer | 40 | $265,228 | $31,060 |
| CAREY SAVONA | HEAD CHEF Highest-paid employee | 40 | $156,434 | $28,839 |
| CRAIG REGER | CONTROLLER Officer | 40 | $71,442 | $757 |
| KIRSTEN STANLEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRADFORD B KOPP | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL HEFLEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY W GRAZIANO JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TINA SMITH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| GEORGE DEB BELL JR | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOHN T VANDERSLICE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| TERI POWER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| W FREDERICK SOUDER V | GOVERNOR Trustee or director | 1 | $0 | $0 |
| S CURTISS ROACH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD DIPIETRO | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOANNE Y JULIEN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| SUZANNE M SENNATT | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JORGETTE D SMITH | GOVERNOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 925 N OCEAN BLVD, DELRAY BEACH, FL 33483-7225
- Principal officer (990 for 2024)
- ALEX G POWER, 925 NORTH OCEAN BLVD, DELRAY BEACH, FL 33483
- Signed the 990
- DOUGLAS L BROWN, TREASURER
- Phone
- (561) 272-2101
- Website
- WWW.GULFSTREAMBT.COM
- Return prepared by
- PHILLIPS FELDMAN GROUP
Mission
THE GULF STREAM BATH AND TENNIS CLUB IS A SOCIAL CLUB, THE TAX PURPOSE OF WHICH IS TO PROVIDE FOR THE OPERATION OF A PRIVATE RECREATIONAL AND SOCIAL CLUB WITH CERTAIN BEACH, TENNIS, FITNESS, RESTAURANT, SWIMMING, AND RELATED FACILITIES FOR THE USE OF MEMBERS OF TEH CLUB AND THEIR GUESTS.
Program accomplishments
- THE CLUB PROVIDES FOOD AND BEVERAGE SERVICE ON APPROXIMATELY 220 DAYS THROUGHOUT THE YEAR. DURING FISCAL 2024-2025, GROSS REVENUES FROM FOOD AND BEVERAGE TOTALED $2,486,083 (OF WHICH $17,676 WAS NON-MEMBER RELATED) AND EXPENSES WERE $3,285,913.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0542388
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $10,864,029
- Income (IRS master file)
- $6,934,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $3,849,474 | $4,950,487 | $10,864,029 | XML |
| 990 | May 2024 | $5,225,967 | $6,297,065 | $10,473,434 | XML |
| 990 | May 2023 | $4,693,526 | $5,687,992 | $10,078,227 | XML |
| 990 | May 2022 | $4,387,347 | $4,950,408 | $10,931,489 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0542388).
Questions about GULF STREAM BATH & TENNIS CLUB INC
- What is the EIN of GULF STREAM BATH & TENNIS CLUB INC?
- The employer identification number (EIN) of GULF STREAM BATH & TENNIS CLUB INC is 59-0542388.
- Is GULF STREAM BATH & TENNIS CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1955.
- Are donations to GULF STREAM BATH & TENNIS CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GULF STREAM BATH & TENNIS CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GULF STREAM BATH & TENNIS CLUB INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GULF STREAM BATH & TENNIS CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of GULF STREAM BATH & TENNIS CLUB INC?
- The 990 for the year ended May 31, 2025 names ALEX G POWER.
- Who are the officers and directors of GULF STREAM BATH & TENNIS CLUB INC?
- The 990 for the year ended May 31, 2025 lists 19 people; 4 received compensation from the organization, the highest $307,811 (MICHAEL J TERRITO, GENERAL MANAGER/COO).
- How much revenue does GULF STREAM BATH & TENNIS CLUB INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $3,849,474, expenses of $4,950,487 and total assets of $10,864,029 at year end.
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