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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RSED501(c)(7) · MEDIUMNAICS 713910EIN 91-1941655

Red Stick Golf Club Inc

Vero Beach, FL · founded 2000

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$6.36M

▲ 8.6% YoY

FY23 Total Expenses

$5.02M

▲ 9.8% YoY

Operating Margin

21.1%

revenue minus expenses ÷ revenue

Employees

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$6.4M

▲ 13.4% / 5y

Expenses

$5.0M

▲ 20.4% / 5y

Total Assets

$28.8M

▲ 15.3% / 5y

Total Liabilities

$3.9M

▲ 1509.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$5.6M	$5.5M	$5.5M	$5.9M	$6.4M	+13.4%
Expenses	$4.2M	$4.2M	$4.2M	$4.6M	$5.0M	+20.4%
Net surplus	$1.4M	$1.3M	$1.3M	$1.3M	$1.3M	-7.1%
Total assets	$25.0M	$27.5M	$27.5M	$27.3M	$28.8M	+15.3%
Total liabilities	$245K	$3.5M	$3.5M	$3.6M	$3.9M	+1509.2%
Net assets	$24.7M	$24.1M	$24.1M	$23.7M	$24.8M	+0.4%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
PETER MONTOLEONE General Manager· 40h/wk	$239,066	$28,732
KURT JENNINGS Golf Course Superintendent· 40h/wk	$146,982	$16,728
RYAN SHARP Head Golf Professional· 40h/wk	$140,349	$14,246
FRANCINE GRIFFIN Controller· 40h/wk	$115,482	$16,639
CORBY COGGINS Golf Course Superintendent· 40h/wk	$102,511	$16,317

+ 9 unpaid officers/directors as reported (DENNIS H FERRO, EDWARD W SCHICK, GEORGE WYPER, +6 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Caddie Services Inc SCOTTDALE, AZ	CADDIE SERVICES	$983,327
Tideline Staffing PHILADELPHIA, PA	Security & staffing	$106,125
Jayson Jeffries EAST HAMPTON, NY	Management services	$101,828

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
CLUB DUES	$4,252,302
INITIATION FEES	$1,307,916
GREEN FEES TAXABLE	$162,555
TOURNAMENT REVENUE	$103,142
CART FEES TAXABLE	$26,220

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$19.3M

book value, net of depreciation

Facility age

34%

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	$100,753
Occupancy	$116,368
Depreciation & depletion	$441,777
Office expenses	$2,438
Accounting fees	$34,135
Other professional fees	$30,720

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.

RFounded in 2000, Red Stick Golf Club Inc reported $6.36M of revenue for FY23, at an operating margin of 21.1%. Revenue moved up 8.6% 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.

Source documents

▸ Form 990, FY2023 · period ending Fri Jun 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Wed Jun 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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