Public Charity

THE CYPRESS CLUB INC

THE CYPRESS CLUB INC, of HILTON HEAD ISLAND, SC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $25.9M in revenue, $27.6M in expenses, $36.8M in total assets.

EIN: 570951170 HILTON HEAD ISLAND, SC Latest filing: 2024
Total Revenue$25.9M
Total Expenses$27.6M
Total Assets$36.8M
Grant Records0
Filing Years2020–2024

Mission

THE CYPRESS CLUB, INC. WAS ESTABLISHED AS A NON-PROPRIETARY, NON- SHAREHOLDER, NOT-FOR-PROFIT MUTUTAL BENEFIT CORPORATION UNDER THE LAWS OF SOUTH CAROLINA, EXCLUSIVELY TO MAINTAIN HOUSING FOR THE ELDERLY, TO DIRECTLY PROVIDE HEALTH CARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST.

Where $100 goes at The Cypress Club Inc

How The Cypress Club Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$79 Programs the work itself
$21 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $79 for programs

$42
Life care services has been engaged as a management company and is responsible for implementing policies and procedures established by the club, supervising day to day management of…
53% of program spending
$24
The cypress has an on-site health care center which is licensed to perform nursing care services
30% of program spending
$13
The Cypress offers in-home assisted living and clinic services for its members
17% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

EXECUTIVE DIRECTOR (Partial Year) Barbara Sepich
DIRECTOR Bob Raehn
Dir. Of Nursing Brigdee Mabelle
Dir. of Finance Daniel Hart
DIR. OF TECHNOLOGY Galen Miller
DIRECTOR James P Coleman

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $25.9M $27.6M $36.8M
2023 $24.4M $25.8M $35.0M
2022 $23.6M $21.8M $35.2M
2021 $20.1M $18.2M $31.1M
2020 $19.8M $18.6M $29.2M

Between 2020 and 2024, reported annual revenue grew from $19.8M to $25.9M (+31%), with total assets most recently reported at $36.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE CYPRESS CLUB INC

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