MGIL501(c)(7) · MEDIUMNAICS 713910EIN 59-1573732
Miles Grant Country Club Inc
Stuart, FL · founded 1990
13 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$2.68M
▲ 14.0% YoY
FY22 Total Expenses
$2.30M
▲ 10.6% YoY
Operating Margin
14.2%
revenue minus expenses ÷ revenue
Employees
53
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2022 · as filed
Revenue
$2.7M
▲ 38.0% / 5y
Expenses
$2.3M
▲ 7.4% / 5y
Total Assets
$4.3M
▲ 19.8% / 5y
Total Liabilities
$274K
▼ 40.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.9M | $2.3M | $2.3M | $2.3M | $2.7M | +38.0% |
| Expenses | $2.1M | $2.1M | $2.1M | $2.1M | $2.3M | +7.4% |
| Net surplus | -$200K | $272K | $272K | $272K | $379K | -289.4% |
| Total assets | $3.6M | $4.0M | $4.0M | $4.0M | $4.3M | +19.8% |
| Total liabilities | $463K | $456K | $456K | $456K | $274K | -40.9% |
| Net assets | $3.2M | $3.5M | $3.5M | $3.5M | $4.1M | +28.7% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROBERT TEICHERT General Manager· 40h/wk | $84,200 | $10,428 |
+ 7 unpaid officers/directors as reported (ARNIE GUNDERSON, LISA REED, MAGGIE DOWD, +4 more)
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND FEES | $1,426,440 |
| GOLF OPERATIONS | $512,834 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$2.8M
book value, net of depreciation
Facility age
63%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $130,299 |
| Occupancy | $134,157 |
| Depreciation & depletion | $155,398 |
| Legal fees | $19,539 |
| Accounting fees | $31,782 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MILES GRANT COUNTRY CLUB, INC. 401(K) PLAN
pension · 39 participants · $341K assets · FY2024
MFounded in 1990, Miles Grant Country Club Inc reported $2.68M of revenue for FY22, at an operating margin of 14.2%. Revenue moved up 14.0% 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
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