| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $197K | $6.1M | $6.1M | $8.5M | $10.3M | +5136.9% |
| Expenses | $5.3M | $12.5M | $12.5M | $14.6M | $16.7M | +216.7% |
| Net surplus | -$5.1M | -$6.3M | -$6.3M | -$6.1M | -$6.3M | +24.8% |
| Total assets | $25.2M | $56.7M | $56.7M | $54.6M | $56.7M | +125.2% |
| Total liabilities | $17.7M | $38.8M | $38.8M | $38.9M | $42.0M | +137.9% |
| Net assets | $7.5M | $17.9M | $17.9M | $15.7M | $14.7M | +95.4% |
| Officer · Employee | Reportable | Other |
|---|---|---|
KEN WEYAND Board President· 40h/wk | $503,615 | $28,301 |
GREG PHENEGER Golf Course Superintendent· 50h/wk | $266,515 | $17,585 |
KERRI MILAN Chief Financial Officer· 40h/wk | $197,473 | $27,511 |
+ 2 unpaid officers/directors as reported (CURTIS POLK, MICHAEL JORDAN)
| Vendor | Service | Paid |
|---|---|---|
ATLANTIC PACIFIC INSURANCE PALM BEACH GARDENS, FL | GENERAL, LIABILITY INSURANCE | $940,726 |
GARRA LLC CORAL SPRINGS, FL | SECURITY PROVIDER | $672,427 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $5,355,319 |
| GOLF LESSONS | $2,252,027 |
| COTTAGES | $971,986 |
GFounded in 2017, Grove Xxiii Golf Club Inc reported $10.34M of revenue for FY23, at an operating margin of -61.1%. Revenue moved up 21.6% 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.