GIRO501(c)(7) · MEDIUMNAICS 713910EIN 38-0612690
Grosse Ile Golf And Country Club
Grosse Ile, MI · founded 1989
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.11M
▲ 15.3% YoY
FY23 Total Expenses
$3.35M
▲ 5.9% YoY
Operating Margin
18.4%
revenue minus expenses ÷ revenue
Employees
169
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.1M
▲ 27.5% / 5y
Expenses
$3.3M
▲ 12.0% / 5y
Total Assets
$4.5M
▲ 72.7% / 5y
Total Liabilities
$981K
▼ 22.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.2M | $3.4M | $3.4M | $3.6M | $4.1M | +27.5% |
| Expenses | $3.0M | $2.7M | $2.7M | $3.2M | $3.3M | +12.0% |
| Net surplus | $230K | $714K | $714K | $399K | $757K | +228.9% |
| Total assets | $2.6M | $3.5M | $3.5M | $3.9M | $4.5M | +72.7% |
| Total liabilities | $1.3M | $1.2M | $1.2M | $1.1M | $981K | -22.8% |
| Net assets | $1.3M | $2.4M | $2.4M | $2.8M | $3.5M | +162.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOHN PAUL GENERAL MANA· 40h/wk | $113,848 | $16,010 |
CAROL MACHUGA Controller· 40h/wk | $77,571 | $9,823 |
+ 10 unpaid officers/directors as reported (BRAD LAZORKA, BRIAN BARTHOLOMEW, DR NICK BOOKER, +7 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES | $2,218,550 |
| GOLF SERVICES | $320,983 |
| CAPITAL PLAN FUND | $263,059 |
| CART RENTALS | $221,685 |
| INITIATION FEES | $101,475 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$621K
▼ $130K paid down
Net land, buildings & equipment
$2.9M
book value, net of depreciation
Facility age
82%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $108,930 |
| Occupancy | $301,206 |
| Depreciation & depletion | $136,485 |
| Information technology | $19,093 |
| Office expenses | $16,450 |
| Accounting fees | $10,000 |
GFounded in 1989, Grosse Ile Golf And Country Club reported $4.11M of revenue for FY23, at an operating margin of 18.4%. Revenue moved up 15.3% 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
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