LOAU501(c)(7) · CONFIRMEDNAICS 713910EIN 65-0110859
Laurel Oak Country Club Inc
Sarasota, FL · founded 1999
12 filings on recordFY 2012–2023high confidence
Compare to peers →FY23 Total Revenue
$11.30M
▲ 9.8% YoY
FY23 Total Expenses
$11.83M
▲ 10.5% YoY
Operating Margin
-4.7%
revenue minus expenses ÷ revenue
Employees
188
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.3M
▲ 42.7% / 5y
Expenses
$11.8M
▲ 37.1% / 5y
Total Assets
$28.2M
▲ 32.4% / 5y
Total Liabilities
$4.6M
▲ 23.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.9M | $8.7M | $8.7M | $10.3M | $11.3M | +42.7% |
| Expenses | $8.6M | $9.3M | $9.3M | $10.7M | $11.8M | +37.1% |
| Net surplus | -$713K | -$583K | -$583K | -$418K | -$533K | -25.2% |
| Total assets | $21.3M | $21.8M | $21.8M | $24.6M | $28.2M | +32.4% |
| Total liabilities | $3.7M | $2.8M | $2.8M | $3.2M | $4.6M | +23.6% |
| Net assets | $17.6M | $19.0M | $19.0M | $21.4M | $23.6M | +34.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JAMIE SELBY GENERAL MANA· 40h/wk | $287,299 | $26,180 |
DAVID BRASWELL DIRECTOR OF· 40h/wk | $216,047 | $25,280 |
MICHELLE BRAULT MEMBERSHIP D· 40h/wk | $123,002 | $15,626 |
DAVID MCINTYRE DIRECTOR OF· 40h/wk | $121,264 | $9,701 |
JOSEPH SAMULAK —· 40h/wk | $114,152 | $5,765 |
STEVEN MARTIN Head Tennis Professional· 40h/wk | $112,389 | — |
JEFFREY M PARSON EXECUTIVE CH· 40h/wk | $109,991 | $16,881 |
+ 10 unpaid officers/directors as reported (BILL ROBERTS, BONNIE VANOVERBEKE, DAVID WILLIAMS, +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 |
|---|---|
| MEMBERSHIP DUES | $6,480,871 |
| GOLF REVENUE | $2,327,058 |
| GOLF REVENUE | $146,912 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$101K
▼ $74K paid down
Net land, buildings & equipment
$19.0M
book value, net of depreciation
Facility age
36%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $96,604 |
| Occupancy | $1,005,439 |
| Depreciation & depletion | $1,478,816 |
| Information technology | $1,091 |
| Advertising & promotion | $18,508 |
| Office expenses | $280,775 |
| Other professional fees | $5,427,621 |
LFounded in 1999, Laurel Oak Country Club Inc reported $11.30M of revenue for FY23, at an operating margin of -4.7%. Revenue moved up 9.8% 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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