Grove Xxiii Golf Club Inc
- Assets
- $56.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 99
- Location
- Hobe Sound, FL
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-1846550
Organization Overview
Grove Xxiii Golf Club Inc is located in Hobe Sound, FL. The organization was established in 2017. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Grove Xxiii Golf Club Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grove Xxiii Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Grove Xxiii Golf Club Inc generated $6.1m in total revenue. All expenses for the organization totaled $12.5m during the year ending 12/2021. While expenses have increased by 33.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOLF COURSE AND GOLF PRACTICE FACILITIES WERE COMPLETED AND OPEN FOR PLAY IN THE FALL OF 2019 FOR THE ENJOYMENT OF THEIR MEMBERSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Weyand President | OfficerTrustee | 40 | $454,540 |
Jim League Golf Course Superintendent | 40 | $159,000 | |
Kerri Milan CFO | Officer | 40 | $139,232 |
Michael Jordan Director | Trustee | 3 | $0 |
Curtis Polk Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,230,007 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,906,967 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,137,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,502,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $728,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,615,695 |
| Insurance | $0 |
| All other expenses | $383,018 |
| Total functional expenses | $12,463,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,309,381 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,104,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,673,790 |
| Prepaid expenses and deferred charges | $625,795 |
| Net Land, buildings, and equipment | $47,995,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,709,456 |
| Accounts payable and accrued expenses | $2,403,637 |
| Grants payable | $0 |
| Deferred revenue | $4,090,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,981,580 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,349,694 |
| Total liabilities | $38,824,911 |
| Net assets without donor restrictions | $17,884,545 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,709,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club At Woodfield Boca Raton, FL | $114,112,099 | $27,047,625 |
The Florida State Golf Association Inc Temple Terrace, FL | $5,793,122 | $9,469,778 |
The Club At Mediterra Inc Naples, FL | $61,714,478 | $19,683,733 |
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL | $88,241,842 | $96,357,278 |
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
Grove Xxiii Golf Club Inc Hobe Sound, FL | $56,709,456 | $6,137,179 |
Twineagles Club Inc Naples, FL | $43,161,639 | $12,484,903 |
Laurel Oak Country Club Inc Sarasota, FL | $24,625,262 | $10,287,023 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
The Golf Club At Palmira Inc Bonita Springs, FL | $17,478,158 | $5,448,490 |