Loblolly INC FY2021 filing

Not tax-deductible

Hobe Sound, FL501(c)(7)Since 1987Recreation & SportsEIN 65-0004016Revenue $7.4M in FY2021

On file with the IRSloblollyinfo.com7407 Se Hill Ter, 33455-3851 · Hobe Sound, FLTax-exempt since Mar 1999

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Loblolly INC. Is a recreational club whose exempt purpose is to promote social interaction of club members by providing dining and recreational activities

$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $1.9M a year · 19% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.2M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$951K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
-5% vs prior year
Spent
$8.9M
Net assets
$23.0M
By yearFY2020–FY2025
Revenue
$7.4M
FY2021▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.8M
FY2021$7.4M
FY2022$8.6M
FY2023$10.0M
FY2024$12.0M
FY2025$15.4M
Expenses
$8.9M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.8M
FY2021$8.9M
FY2022$10.5M
FY2023$11.7M
FY2024$14.0M
FY2025$18.8M
Net assets
$23.0M
FY2021-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.1M
FY2021$23.0M
FY2022$23.9M
FY2023$32.3M
FY2024$40.3M
FY2025$43.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
General Manager
$461,228Pt VII · Sec A
Golf Course Superintendent
$233,522Pt VII · Sec A
Executive Chef
$168,496Pt VII · Sec A
Director of Membership
$147,577Pt VII · Sec A
Director of Golf
$131,855Pt VII · Sec A
Controller
$103,762Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Reilly’s $477K as General Mana is at the 79th percentile of top reported officer pay among 290 $10–100M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Reilly$476,838$373,598$327,279———
Brent Hanlon————$461,228$366,440
Cody Boutte$445,804$318,386$239,175$239,175$233,522$228,350
Mike Reilly———$327,279——
Zouhair Bellout$274,642—————
Patrick O'Neill$245,550————$141,985
Carol Garone—$195,108$162,637$162,637——
Levent Yurdatap—$188,070$172,969$172,970$168,496$131,828

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides dining and recreational activities to promote social interaction among members.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

The club operates and maintains tennis court and fitness facilities. Total revenues for the year for these activities was $56,874 of which 0 were nonmember related.

Pt IX · col B
02

The club operates and maintains a clubhouse for members. Food and beverage sales for the year totaled $908,270 of which 0 were nonmember related.

Pt IX · col B
03

The club has an 18-HOLE golf course. Total rounds of golf played during the year were approximately 17,911 of which 0 were nonmember related.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.4M
Ln 12
Fees for servicesLn 2g$6.5M
Other incomeLn 4–11$860K
Investment incomeLn 3$184K
Money outPt IX
$8.9M
Ln 25
Owns and owesPt X
$23.0M
net assets · Ln 32
Cash and savingsLn 1–2$460K
Total assetsLn 16$24.0M
LiabilitiesLn 26$951K
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$184K
Other incomeLn 4–11$860K
Gains on assetsLn 7−$205K
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$460K
Cash and savings togetherLn 1–2$460K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$19.0M
Other assetsLn 15$123K
Total assetsLn 16$24.0M
LiabilitiesLn 26$951K
Net assetsLn 32$23.0M
OperationsPt I, VI
EmployeesI 5182
VolunteersI 673
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$379K$460K
InvestmentsLn 11–13$1.1M$2.3M
Land, buildings, equipmentLn 10c$20.0M$19.0M
Total assetsLn 16$24.1M$24.0M
LiabilitiesLn 26$1.0M$951K
Net assetsLn 32$23.1M$23.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.6M
Other employee benefitsLn 9$840K
Depreciation, depletion and amortizationLn 22$1.4M
InsuranceLn 23$356K
Other expenses (24a–d)Ln 24$1.7M
All other expensesLn 24e$990K
Total functional expensesLn 25$8.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15.4M$18.8M−$3.4M$43.1M 990 PDF
FY2024 $12.0M$14.0M−$2.0M$40.3M 990 PDF
FY2023 $10.0M$11.7M−$1.7M$32.3M 990 PDF
FY2022 $8.6M$10.5M−$1.9M$23.9M 990 PDF
FY2021 Viewing $7.4M$8.9M−$1.5M$23.0M 990 PDF
FY2020 $7.8M$8.8M−$1.0M$23.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,374,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,678,047$6,515,185
I-10 Investment incomePrior year $177,502−$21,188
I-11 Other revenuePrior year $920,539$880,780
I-12 Total revenuePrior year $7,776,088$7,374,777
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,246,550$4,441,388
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,562,578$4,462,572
I-18 Total expensesPrior year $8,809,128$8,903,960
I-19 Revenue less expensesPrior year −$1,033,040−$1,529,183
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $7,374,777 across 5 lines filed
Lines not itemized here account for $465,103 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,515,185$6,515,185
VIII-3 Investment incomeUnrelated business $184,248$184,248
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$205,436−$205,436
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,393 · Unrelated business $405,284$415,677
VIII-12 Total revenueRelated to mission $6,990,681 · Unrelated business $589,532 · Excluded from tax −$205,436$7,374,777
Part IX · Statement of functional expenses $8,903,960 across 6 lines filed
IX-7 Other salaries and wages$3,601,545
IX-9 Other employee benefits$839,843
IX-22 Depreciation, depletion and amortization$1,423,140
IX-23 Insurance$356,120
IX-24 Other expenses (24a–d)$1,693,665
IX-24e All other expenses$989,647
IX-25 Total functional expenses$8,903,960
Part X · Balance sheet $23,991,358 assets, 14 lines filed
Asset lines not itemized here account for $1,500,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $379,185$459,511
X-4 Accounts receivableStart of year $463,268$356,738
X-8 Inventories for sale or useStart of year $41,543$52,971
X-9 Prepaid expenses and deferred chargesStart of year $158,315$183,694
X-10c Land, buildings and equipment, netStart of year $20,024,843$19,018,726
X-12 Other securitiesStart of year $1,139,161$2,296,646
X-15 Other assetsStart of year $405,977$123,072
X-16 Total assetsStart of year $24,112,292$23,991,358
X-17 Accounts payable and accrued expensesStart of year $554,731$921,108
X-25 Other liabilitiesStart of year $474,733$30,000
X-26 Total liabilitiesStart of year $1,029,464$951,108
X-27 Net assets without donor restrictionsStart of year $23,082,828$23,040,250
X-32 Total net assets or fund balancesStart of year $23,082,828$23,040,250
X-33 Total liabilities and net assetsStart of year $24,112,292$23,991,358
Part XI · Reconciliation of net assets $23,040,250 net assets at year end
XI-1 Total revenue$7,374,777
XI-2 Total expenses$8,903,960
XI-3 Revenue less expenses−$1,529,183
XI-4 Net assets at start of year$23,082,828
XI-9 Other changes in net assets$1,486,605
XI-10 Net assets at end of year$23,040,250

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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