BPEN501(c)(7) · MEDIUMNAICS 713910EIN 51-0198590

Bent Pine Golf Club Inc

Vero Beach, FL · founded 1976
12 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$6.06M
▲ 13.0% YoY
FY23 Total Expenses
$6.13M
▲ 18.5% YoY
Operating Margin
-1.2%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing

The Five-Year Picture

FY2018 — FY2023 · as filed
Revenue
$6.1M
▲ 45.1% / 5y
4.24.05.45.46.1
Expenses
$6.1M
▲ 45.1% / 5y
4.24.35.25.26.1
Total Assets
$8.9M
▼ 0.7% / 5y
8.98.58.48.48.9
Total Liabilities
$3.0M
▲ 23.7% / 5y
2.42.32.32.33.0

Year-on-year detail

from IRS Form 990
LineFY18FY19FY21FY22FY23Δ total
Revenue$4.2M$4.0M$5.4M$5.4M$6.1M+45.1%
Expenses$4.2M$4.3M$5.2M$5.2M$6.1M+45.1%
Net surplus-$50K-$289K$191K$191K-$72K+44.7%
Total assets$8.9M$8.5M$8.4M$8.4M$8.9M-0.7%
Total liabilities$2.4M$2.3M$2.3M$2.3M$3.0M+23.7%
Net assets$6.5M$6.2M$6.1M$6.1M$5.9M-9.7%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
ROBERT J MARKUT
GOLF COURSE· 40h/wk
$176,225
HUGH O'DONNELL
FORMER GENER· 40h/wk
$119,708

+ 14 unpaid officers/directors as reported (BARBARA RIGBY, BLAKE WILKES, BRUCE CARSON, +11 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES & ASSESSMENTS$3,589,365
INITIATION FEES$537,500
CAPITAL ASSESSMENTS$273,920
OTHER INCOME$82,358

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$6.4M
book value, net of depreciation
Facility age
62%
accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX
Insurance$339,817
Occupancy$132,151
Depreciation & depletion$396,224
Office expenses$138,583
Legal fees$41,259
Accounting fees$77,196

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

BFounded in 1976, Bent Pine Golf Club Inc reported $6.06M of revenue for FY23, at an operating margin of -1.2%. Revenue moved up 13.0% 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
Form 990, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 9 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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