Nonprofit · EIN 59-2640521
ISLAND COUNTRY CLUB INC
Tax-exempt · MARCO ISLAND, FL 34145
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $13,623,240 | $17,212,406 | -$3,589,166 | $43,997,217 | $15,731,892 | $28,265,325 |
| May 31, 2024 | 990 | $13,317,557 | $16,769,379 | -$3,451,822 | $45,290,542 | $17,484,170 | $27,806,372 |
| May 31, 2023 | 990 | $12,263,141 | $14,391,833 | -$2,128,692 | $44,999,615 | $17,183,670 | $27,815,945 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,614,215
- Investment income
- $373,396
- Net gain from sales of assets
- $16,903
- Net income from sales of inventory
- $1,611,633
- Other revenue
- $1,635,629
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $758,536
- Other salaries and wages
- $5,678,820
- Salaries, compensation and benefits (total)
- $8,251,451
- Professional fundraising fees
- $0
- Occupancy
- $457,269
- Depreciation
- $2,445,375
Balance sheet and other
- Total assets, start of year
- $45,290,542
- Total assets, end of year
- $43,997,217
- Total liabilities, end of year
- $15,731,892
- Net assets, end of year
- $28,265,325
- Land, buildings and equipment
- $27,832,556
- Net assets without donor restrictions
- $28,265,325
- Gross unrelated business income
- $668,901
- Gross receipts
- $15,678,515
- Employees
- 180
- Volunteers
- 40
- Year formed
- 1986
- 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 |
|---|---|---|---|---|
| NICHOLAS VON HOFEN | COO Officer | 40 | $438,144 | $50,547 |
| ANN MARIE MEGENIS | CFO Officer | 40 | $249,869 | $19,976 |
| MICHAEL SLACK | GOLF COURSE SUPERINTENDENT Key employee | 40 | $200,014 | $43,765 |
| HEATHER HALL | MEMBERSHIP DIRECTOR Highest-paid employee | 40 | $181,339 | $15,117 |
| CHRISTINA LANE | WELLNESS DIRECTOR Highest-paid employee | 40 | $165,462 | $19,073 |
| KEITH DUERR | CLUBHOUSE MANAGER Highest-paid employee | 40 | $149,353 | $30,018 |
| JAMES BUSBY | DIRECTOR OF TENNIS Highest-paid employee | 40 | $113,307 | $37,700 |
| JOSEPH HERBSTREITH | DIRECTOR OF GOLF Officer | 40 | $116,627 | $23,003 |
| HARRY RUBASH | VICE-PRESIDENT - THROUGH 3/6/25 Trustee or director, Officer | 5 | $0 | $0 |
| GERARD SHANNON | PRESIDENT - THROUGH 3/6/25 Trustee or director, Officer | 10 | $0 | $0 |
| KENNETH R MEYERS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KENNETH BAER | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| WALTER NUGENT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| GARY ALLMAIER | VICE-PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DONNA GLANZMAN | SECRETARY - THROUGH 3/6/25 Trustee or director, Officer | 5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| PETER DONAGHY | DIRECTOR Trustee or director | 1 | $0 |
| LOUIS IMBROGNO | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GOLDSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE RAKOCZY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ABDELMEJID BAKKAR | COO (THROUGH 7/23) Officer | 40 | $258,366 | $30,245 |
| MICHAEL SLACK | GOLF COURSE SUPERINTENDENT Highest-paid employee | 40 | $189,279 | $47,521 |
| JOSEPH HERBSTREITH | DIRECTOR OF GOLF Highest-paid employee | 40 | $162,515 | $43,961 |
| ANNETTE SCUTERI | CONTROLLER (THROUGH 11/23) Officer | 40 | $142,872 | $27,855 |
| LOREN COGSWELL | EXECUTIVE CHEF Highest-paid employee | 40 | $112,806 | $50,626 |
| CHRISTINA LANE | WELLNESS DIRECTOR Highest-paid employee | 40 | $133,089 | $21,174 |
| ELIZABTH CERTO | GOLF PROFESSIONAL Highest-paid employee | 40 | $104,028 | $13,005 |
| NICHOLAS VON HOFEN | COO/GM (AS OF 11/23) Officer | 40 | $39,230 | $6,969 |
| ANN MARIE MEGENIS | CFO (AS OF 11/23) Officer | 40 | $15,000 | $1,194 |
| GERARD SHANNON | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| HARRY RUBASH | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DONNA GLANZMAN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| RICHARD CORLEY | TREASURER (THROUGH 3/24), DIRECTOR (AS OF 3/24) Trustee or director, Officer | 5 | $0 | $0 |
| KENNETH BAER | TREASURER (AS OF 3/24) Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM ALBANESE | DIRECTOR (THROUGH 3/24) Trustee or director | 1 | $0 | $0 |
| GARY ALLMAIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BOYNTON | DIRECTOR (THROUGH 3/24) Trustee or director | 1 | $0 | $0 |
| JIM BURSCH | DIRECTOR (THROUGH 3/24) Trustee or director | 1 | $0 | $0 |
| STEVE RAKOCZY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID GOLDSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER NUGENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BID BAKKAR | GENERAL MANAGER Officer | 40 | $307,032 | $31,709 |
| MICHAEL SLACK | COURSE SUPERINTENDENT Highest-paid employee | 40 | $181,905 | $26,300 |
| ANNETTE SCUTERI | CONTROLLER Officer | 40 | $164,074 | $28,302 |
| LOREN COGSWELL | EXECUTIVE CHEF Highest-paid employee | 40 | $102,303 | $29,855 |
| NINA LANE | FITNESS DIRECTOR Highest-paid employee | 40 | $111,658 | $18,679 |
| PETER BOYNTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BURSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONNA GLANZMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY RUBASH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT STANOJEV | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM ALBANESE | PRESIDENT Officer | 2 | $0 | $0 |
| SCOTT WELLIVER | VICE PRESIDENT Officer | 2 | $0 | $0 |
| GERARD SHANNON | TREASURER Officer | 2 | $0 | $0 |
| MARY APPOLLINA | SECRETARY Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 NASSAU RD, MARCO ISLAND, FL 34145-3620
- Principal officer (990 for 2024)
- KENNETH BAER
- Signed the 990
- KENNETH R MEYERS, TREASURER
- Phone
- (239) 394-6661
- Website
- WWW.ISLAND-COUNTRYCLUB.ORG
- Return prepared by
- RSM US LLP
Mission
THE ISLAND COUNTRY CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Program accomplishments
- THE CLUB HAS ONE 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE FISCAL YEAR ENDED 05/31/2025 WAS APPROXIMATELY 31,267 OF WHICH APPROXIMATELY 1,092 WERE NON- MEMBER ROUNDS ( GUESTS).
- TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 05/31/2025 WAS $2,711,396, OF WHICH $434,704 WAS NON-MEMBER RELATED.
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
- 59-2640521
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $43,997,217
- Income (IRS master file)
- $15,678,515
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $13,623,240 | $17,212,406 | $43,997,217 | XML |
| 990 | May 2024 | $13,317,557 | $16,769,379 | $45,290,542 | XML |
| 990 | May 2023 | $12,263,141 | $14,391,833 | $44,999,615 | XML |
| 990 | May 2022 | $8,944,670 | $10,461,166 | $38,889,615 | 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 59-2640521).
Questions about ISLAND COUNTRY CLUB INC
- What is the EIN of ISLAND COUNTRY CLUB INC?
- The employer identification number (EIN) of ISLAND COUNTRY CLUB INC is 59-2640521.
- Is ISLAND COUNTRY CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1987.
- Are donations to ISLAND COUNTRY CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ISLAND COUNTRY 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 ISLAND COUNTRY 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 ISLAND COUNTRY 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 ISLAND COUNTRY CLUB INC?
- The 990 for the year ended May 31, 2025 names KENNETH BAER.
- Who are the officers and directors of ISLAND COUNTRY CLUB INC?
- The 990 for the year ended May 31, 2025 lists 20 people; 8 received compensation from the organization, the highest $438,144 (NICHOLAS VON HOFEN, COO).
- How much revenue does ISLAND COUNTRY CLUB INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $13,623,240, expenses of $17,212,406 and total assets of $43,997,217 at year end.
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