Civic Intelligence

Laurel Oak Country Club Inc

EIN 65-0110859 • 501(c)7 • Sarasota, FL

Profile

Laurel oak country club offers two golf courses, tennis and swimming facilities, a wide variety of social activities, and private dining.

2700 Gary Player BlvdSarasota, FL 34240

www.laureloak.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.14x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

24th percentile

0.38x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Net Margin

17th percentile

-10%

Higher net margin than 17% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$371,568

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Asset Growth

70th percentile

10%

Faster asset growth than 70% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

49th percentile

6.3%

Faster revenue growth than 49% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$34,884,662

Up $3,171,419 (+10%) from 2024

Liabilities

Up

$5,019,476

Up $292,363 (+6.2%) from 2024

Net Assets

Up

$29,865,186

Up $2,879,056 (+11%) from 2024

Revenue

Up

$13,097,053

Up $772,996 (+6.3%) from 2024

Expenses

Up

$14,460,514

Up $1,657,143 (+13%) from 2024

Net Income

Down

-$1,363,461

Down $884,147 (-184%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $23,948,115Liabilities 2010: $4,862,435Net Assets 2010: $19,085,6802010Assets 2011: $23,256,242Liabilities 2011: $3,897,027Net Assets 2011: $19,359,2152011Assets 2012: $22,420,382Liabilities 2012: $3,267,525Net Assets 2012: $19,152,8572012Assets 2013: $21,672,703Liabilities 2013: $2,648,718Net Assets 2013: $19,023,9852013Assets 2014: $21,211,480Liabilities 2014: $2,178,192Net Assets 2014: $19,033,2882014Assets 2015: $21,554,943Liabilities 2015: $2,609,788Net Assets 2015: $18,945,1552015Assets 2016: $22,964,725Liabilities 2016: $4,505,643Net Assets 2016: $18,459,0822016Assets 2017: $21,868,087Liabilities 2017: $4,492,996Net Assets 2017: $17,375,0912017Assets 2018: $22,064,843Liabilities 2018: $4,128,797Net Assets 2018: $17,936,0462018Assets 2019: $21,326,439Liabilities 2019: $3,734,645Net Assets 2019: $17,591,7942019Assets 2020: $20,425,436Liabilities 2020: $3,020,946Net Assets 2020: $17,404,4902020Assets 2021: $21,782,747Liabilities 2021: $2,770,062Net Assets 2021: $19,012,6852021Assets 2022: $24,625,262Liabilities 2022: $3,247,854Net Assets 2022: $21,377,4082022Assets 2023: $28,243,020Liabilities 2023: $4,616,421Net Assets 2023: $23,626,5992023Assets 2024: $31,713,243Liabilities 2024: $4,727,113Net Assets 2024: $26,986,1302024Assets 2025: $34,884,662Liabilities 2025: $5,019,476Net Assets 2025: $29,865,1862025

Highlighted filing

2025

Assets$34,884,662
Liabilities$5,019,476
Net Assets$29,865,186

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,226,4612010Expenses 2011: $8,285,9222011Expenses 2012: $8,258,6232012Expenses 2013: $8,229,5042013Revenue 2014: $7,371,114Expenses 2014: $8,507,581Net Income 2014: -$1,136,4672014Revenue 2015: $7,347,561Expenses 2015: $8,555,715Net Income 2015: -$1,208,1542015Revenue 2016: $6,926,617Expenses 2016: $8,690,957Net Income 2016: -$1,764,3402016Revenue 2017: $7,047,409Expenses 2017: $9,294,172Net Income 2017: -$2,246,7632017Revenue 2018: $7,076,249Expenses 2018: $9,105,414Net Income 2018: -$2,029,1652018Revenue 2019: $7,915,693Expenses 2019: $8,628,891Net Income 2019: -$713,1982019Revenue 2020: $7,349,780Expenses 2020: $8,602,852Net Income 2020: -$1,253,0722020Revenue 2021: $8,732,505Expenses 2021: $9,315,988Net Income 2021: -$583,4832021Revenue 2022: $10,287,023Expenses 2022: $10,704,827Net Income 2022: -$417,8042022Revenue 2023: $11,298,144Expenses 2023: $11,831,562Net Income 2023: -$533,4182023Revenue 2024: $12,324,057Expenses 2024: $12,803,371Net Income 2024: -$479,3142024Revenue 2025: $13,097,053Expenses 2025: $14,460,514Net Income 2025: -$1,363,4612025

Highlighted filing

2025

Revenue$13,097,053
Expenses$14,460,514
Net Income-$1,363,461

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.9$5.02$29.9$13.1$14.5$1.36
2024Detailed filing. Detailed filing data is available for this year.$31.7$4.73$27.0$12.3$12.8$0.48
2023Detailed filing. Detailed filing data is available for this year.$28.2$4.62$23.6$11.3$11.8$0.53
2022Detailed filing. Detailed filing data is available for this year.$24.6$3.25$21.4$10.3$10.7$0.42
2021Detailed filing. Detailed filing data is available for this year.$21.8$2.77$19.0$8.73$9.32$0.58
2020Detailed filing. Detailed filing data is available for this year.$20.4$3.02$17.4$7.35$8.60$1.25
2019Detailed filing. Detailed filing data is available for this year.$21.3$3.73$17.6$7.92$8.63$0.71
2018Detailed filing. Detailed filing data is available for this year.$22.1$4.13$17.9$7.08$9.11$2.03
2017Detailed filing. Detailed filing data is available for this year.$21.9$4.49$17.4$7.05$9.29$2.25
2016Detailed filing. Detailed filing data is available for this year.$23.0$4.51$18.5$6.93$8.69$1.76
2015Detailed filing. Detailed filing data is available for this year.$21.6$2.61$18.9$7.35$8.56$1.21
2014Detailed filing. Detailed filing data is available for this year.$21.2$2.18$19.0$7.37$8.51$1.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$2.65$19.0$8.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$3.27$19.2$8.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$3.90$19.4$8.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$4.86$19.1$8.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 3, 2026
Return Version
2024v5.0
Gross Receipts
$15,266,922
Mission and Program Overview

Mission

Laurel oak country club offers two golf courses, tennis and swimming facilities, a wide variety of social activities, and private dining.

Laurel oak country club offers various social activities for the enjoyment of its members. These activities are made up of two golf courses, tennis and swimming facilities, a wide variety of social activities, and private dining.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,226,308$20,991,669▲ $765,361
Savings and Temporary Cash Investments$5,446,426$7,792,052▲ $2,345,626
Accounts Receivable$1,774,033$1,801,763▲ $27,730
Investments in Publicly Traded Securities$1,605,057$1,685,351▲ $80,294
Prepaid Expenses and Deferred Charges$657,298$917,007▲ $259,709
Inventories for Sale or Use$713,942$747,714▲ $33,772
Cash and Non-Interest-Bearing Accounts$20,339$22,315▲ $1,976
Total Assets$31,713,243$34,884,662▲ $3,171,419
Other Assets Total$1,269,840$926,791▼ $343,049
Liabilities
Deferred Revenue$2,139,441$2,654,464▲ $515,023
Other Liabilities$2,047,849$2,014,156▼ $33,693
Accounts Payable and Accrued Expenses$486,762$344,525▼ $142,237
Mortgage Notes Payable Secured by Investment Property$53,061$6,331▼ $46,730
Total Liabilities$4,727,113$5,019,476▲ $292,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,986,130$29,865,186▲ $2,879,056
Total Net Assets Fund Balance$26,986,130$29,865,186▲ $2,879,056
Total Liabilities and Net Assets / Fund Balance$31,713,243$34,884,662▲ $3,171,419

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,972,940$7,532,106$15,505,046
Land$7,103,796-$7,103,796
Buildings$1,996,366$2,686,512$4,682,878
Equipment$2,613,266$851,852$3,465,118
Other Land Buildings$1,305,301$490,671$1,795,972
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie SelbyGeneral ManaFT$354,883$16,685$371,568
Jamie SelbyGeneral Manager-$354,883$16,685$371,568
David BraswellDirector ofFT$222,044$14,257$236,301
David BraswellDirector of Tennis-$222,044$14,257$236,301
Kevin FrostDirector ofFT$174,755$3,379$178,134
Kevin FrostDirector of Agronomy-$174,755$3,379$178,134
Joseph SamulakAsst Director ofFT$145,315$1,185$146,500
Chelsea a ChavezFood & BeverFT$136,535$4,186$140,721
David McintyreDirector ofFT$140,675-$140,675
Steven MartinTennis ProFT$121,965$1,441$123,406

Board Members and Trustees

NameTitle
Scott DolanPresident
David Williams1st Vice Pre
Richard Gerrity2nd Vice Pre
Bill YeagersMember at La
Gary BeltraniMember at La
John JonesMember at La
Steve GoldnerMember at La
Colleen McphersonSecretary
Thor CheyneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,094,515
Investment Income
$243,867
Other Revenue
$2,758,671
Change in Net Assets
$-1,363,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,097,053
Revenue Not Reported on Form 990
$6,362,063
Total Revenue per Audited Statements
$19,459,116
Total Revenue per Form 990
$13,097,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,446,996
Salaries, Compensation, and Employee Benefits$1,013,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$6,246,439--$6,246,439
Depreciation Depletion$2,206,828--$2,206,828
Occupancy$1,319,655--$1,319,655
All Other Expenses$1,170,030--$1,170,030
Other Salaries and Wages$656,024--$656,024
Other Expenses$439,628--$439,628
Current Officers, Directors, Trustees, and Key Employees$357,494--$357,494
Office Expenses$157,789--$157,789
Advertising$30,420--$30,420
Travel$13,464--$13,464
Interest$935--$935
Total Functional Expenses$14,460,514$0$0$14,460,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,581,045
Expenses per Audited Statements$14,460,514
Total Expenses per Form 990$14,460,514
Expenses Not Reported on Form 990$2,120,531
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dl Porter Constructors IncVp Board of GovRenovationsNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$925,635
Accrued Payroll$457,888
Member Deposits$180,345
Accrued Expenses$111,801
Property Tax Payable$109,325
Sales and Use Tax Payable$91,652
Other Liabilities$64,685
Tips Payable$45,900
Lessons Payable$23,148
Due to Management Company$3,777
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The club has approximately 870 voting members and no stockholders are present.

Form 990, Page 6, Part VI, Line 7A

The club has 870 voting members who may elect one or more members of the governing body. The nominating committee nominates new board mebmers and the members vote at an annual meeting.

Form 990, Page 6, Part VI, Line 7B

Most major decisions of the club require membership approval.

Form 990, Page 6, Part VI, Line 11B

The club treasurer and chairman of the finance committee review the 990 form with top managemnt and the independent audit firm.

Form 990, Page 6, Part VI, Line 15A

The general manager's salary is determined by the executive committee. The executive committee solicits information from the board of directors as it relates to the compensation, employment performance and contract considerations. Taking this information into account, the executive committee finalizes the details of the employment contract. The board of directors is then informed and the president of the club signs the agreement as a representative of the club governing body.

Form 990, Page 6, Part VI, Line 15B

The general manager's salary is determined by the executive committee. The executive committee solicits information from the board of directors as it relates to the compensation, employment performance and contract considerations. Taking this information into account, the executive committee finalizes the details of the employment contract. The board of directors is then informed and the president of the club signs the agreement as a representative of the club governing body.

Form 990, Page 6, Part VI, Line 19

The organization posts a copy of the monthly and audited financial statements on its website for the members to review. All other important information regarding membership is communicated to the members via the by-laws.

Filing and Contact Details

Filer

Filer Name
Laurel Oak Country Club Inc
EIN
65-0110859
Phone
9413783608
Address
2700 GARY PLAYER BLVD, SARASOTA, FL 34240

Signing Officer

Name
Thor Cheyne
Title
Treasurer
Phone
9413783608
Signed
2026-03-03

Organization Details

Principal Officer
Scott Dolan
Formed
1989
Legal Domicile
Fl
Voting Board Members
870
Independent Board Members
870
Employees
222

Preparer

Firm
Miller & Company Llp
Address
141-07 20TH AVE STE 101, WHITESTONE, NY 11357-3097
Preparer
Paul Miller CPA
Phone
7187670737
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Provide recreational facilities to its members (golf course, pro shop, tennis, pool restaurant, and bar)

Form 990, Part IX, Line 11G

Contract services - payroll 822,701 0 0 payroll admin fees 99,340 0 0 professional fee 150,472 0 0 leased employees 5,944,803 0 0 leased employee -comm& bonus 242,640 0 0 less officers & key employee -1,013,517 0 0 total 6,246,439 0 0

Form 990, Part XI, Line 9

Capital contributions 2,019,897 initiation fees 2,221,635 membership contributions 985 total 4,242,517

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Capital contributions 2,019,897 initiation fees 2,221,635 cogs listed as expenses on financials 2,120,531

Schedule D, Page 4, Part XII, Line 2D

Cogs netted with revenues 2,120,531

Schedule D, Page 4, Part XIII

The internal revenue service has exempted the club from federal income taxes under section 501(c)(7) of the internal revenue code. The tax reform act of 1969 imposes a corporate income tax on the "unrelated business taxable income" of an otherwise tax-exempt club. The club classifies all interest and penalties related to tax contingencies as income tax expense. No interest or penalties have been recognized in the statements of financial position or in the statements of activities for the years ended april 30, 2025 and 2024. Accounting standards codification topic 740 requires the club recognize in the financial statements the impact of a tax position, if that position is more likely than not of being sustained on audit, based on the technical merits of the position. The club has determined that it does not have any material unrecognized tax benefits or obligations as of april 30, 2025 and 2024. The club files a u.s. Federal exempt organization business income tax return and a corporate return in the state of florida. The federal and state returns for the fiscal years 2022 through 2025 remain subject to examination by the internal revenue service and the florida department of revenue.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST DIR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt4FOOD & BEVER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt6TENNIS PRO
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt102ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
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IRS990/MissionDesc0LAUREL OAK COUNTRY CLUB OFFERS TWO GOLF COURSES, TENNIS AND SWIMMING FACILITIES, A WIDE VARIETY OF SOCIAL ACTIVITIES, AND PRIVATE DINING.
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IRS990/OtherExpensesGrp/Desc2FOOD & BEVERAGE OPERATING
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINT.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE RECREATIONAL FACILITIES TO ITS MEMBERS (GOLF COURSE, PRO SHOP, TENNIS, POOL RESTAURANT, AND BAR)
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PROPERTY TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SALES AND USE TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7TIPS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8LESSONS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc9DUE TO MANAGEMENT COMPANY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITAL CONTRIBUTIONS 2,019,897 INITIATION FEES 2,221,635 COGS LISTED AS EXPENSES ON FINANCIALS 2,120,531
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COGS NETTED WITH REVENUES 2,120,531
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE INTERNAL REVENUE SERVICE HAS EXEMPTED THE CLUB FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE TAX REFORM ACT OF 1969 IMPOSES A CORPORATE INCOME TAX ON THE "UNRELATED BUSINESS TAXABLE INCOME" OF AN OTHERWISE TAX-EXEMPT CLUB. THE CLUB CLASSIFIES ALL INTEREST AND PENALTIES RELATED TO TAX CONTINGENCIES AS INCOME TAX EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR IN THE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED APRIL 30, 2025 AND 2024. ACCOUNTING STANDARDS CODIFICATION TOPIC 740 REQUIRES THE CLUB RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE CLUB HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF APRIL 30, 2025 AND 2024. THE CLUB FILES A U.S. FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN AND A CORPORATE RETURN IN THE STATE OF FLORIDA. THE FEDERAL AND STATE RETURNS FOR THE FISCAL YEARS 2022 THROUGH 2025 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE FLORIDA DEPARTMENT OF REVENUE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMIE SELBY
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KEVIN FROST
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF TENNIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR OF AGRONOMY

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