Civic Intelligence

Golf Brevard Inc.

990 • Fiscal year 2018 • EIN 82-5091804

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 15, 2019

2374 Oak StreetMelbourne Beach, FL 32951

(321) 952-4529

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

2.20x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$1,573,783

No earlier filing loaded for comparison.

Net Assets

$75,857

No earlier filing loaded for comparison.

Liabilities

$1,497,926

No earlier filing loaded for comparison.

Revenue

$680,222

No earlier filing loaded for comparison.

Expenses

$604,365

No earlier filing loaded for comparison.

Net Income

$75,857

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $1,573,783Liabilities 2018: $1,497,926Net Assets 2018: $75,8572018Assets 2019: $1,439,384Liabilities 2019: $1,161,560Net Assets 2019: $277,8242019Assets 2020: $1,685,937Liabilities 2020: $1,023,138Net Assets 2020: $662,7992020Assets 2021: $7,591,293Liabilities 2021: $6,441,392Net Assets 2021: $1,149,9012021Assets 2022: $7,986,429Liabilities 2022: $6,188,822Net Assets 2022: $1,797,6072022Assets 2023: $4,853,304Liabilities 2023: $2,437,294Net Assets 2023: $2,416,0102023Assets 2024: $5,647,240Liabilities 2024: $2,837,617Net Assets 2024: $2,809,6232024

Highlighted filing

2018

Assets$1,573,783
Liabilities$1,497,926
Net Assets$75,857

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2018: $680,222Expenses 2018: $604,365Net Income 2018: $75,8572018Revenue 2019: $2,386,510Expenses 2019: $2,184,543Net Income 2019: $201,9672019Revenue 2020: $2,235,003Expenses 2020: $1,850,028Net Income 2020: $384,9752020Revenue 2021: $2,951,036Expenses 2021: $2,463,934Net Income 2021: $487,1022021Revenue 2022: $3,568,541Expenses 2022: $2,920,835Net Income 2022: $647,7062022Revenue 2023: $3,948,979Expenses 2023: $3,330,576Net Income 2023: $618,4032023Revenue 2024: $4,143,112Expenses 2024: $3,749,499Net Income 2024: $393,6132024

Highlighted filing

2018

Revenue$680,222
Expenses$604,365
Net Income$75,857
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 15, 2019
Return Version
2018v3.1
Gross Receipts
$680,222
Mission and Program Overview

Mission

The primary purpose of the corporation will be to improve the physical condition of the golf courses, properly manage the courses and make them self-sufficient. The public as a whole will enjoy the benefits of golf brevard's service to the county.

The primary purpose of the corporation will be to improve the physical condition of the golf courses, properly manage the courses and make them self-sufficient. The public as a whole will enjoy the benefits of golf brevards's service to the county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$634,674-
Land, Buildings, and Equipment, Net-$321,365-
Inventories for Sale or Use-$32,899-
Prepaid Expenses and Deferred Charges-$22,585-
Accounts Receivable-$7,985-
Savings and Temporary Cash Investments-$997-
Total Assets$0$1,573,783▲ $1,573,783
Other Assets Total-$553,278-
Liabilities
Other Liabilities-$1,198,745-
Deferred Revenue-$235,884-
Accounts Payable and Accrued Expenses-$63,297-
Total Liabilities$0$1,497,926▲ $1,497,926
Net Assets / Fund Balance
Unrestricted Net Assets-$75,857-
Total Net Assets Fund Balance$0$75,857▲ $75,857
Total Liabilities and Net Assets / Fund Balance$0$1,573,783▲ $1,573,783

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$320,510$10,958$331,468
Other Land Buildings$855$30$885
Other Assets Org$9,531--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas W BeckerChair
Frank VegaDirector
Gail MeyersDirector
Stephen ProctorDirector
Gerald ThompsonSecreatry
William J CrudoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,000
Program Service Revenue
$564,222
Investment Income
$0
Other Revenue
$15,000
All Other Contributions
$1,000
Change in Net Assets
$75,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,532
Other Expenses$291,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,152--$243,152
All Other Expenses$61,872$2,711-$64,583
Current Officers, Directors, Trustees, and Key Employees-$45,508-$45,508
Other Expenses$29,473--$29,473
Payroll Taxes$23,872--$23,872
Insurance$11,226$8,963-$20,189
Advertising$11,121--$11,121
Depreciation Depletion$10,988--$10,988
Office Expenses$10$6,072-$6,082
Fees for Services Accounting-$2,700-$2,700
Travel-$1,464-$1,464
Fees for Services Legal-$1,362-$1,362
Conferences and Meetings-$95-$95
Fees for Services Management-$46-$46
Total Functional Expenses$535,444$68,921$0$604,365
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Board of County Comm.$390,000
Brevard Co Lease Obligation$272,213
Yamaha Lease 1$148,118
Lease Payable$142,466
Yamaha Lease 2$123,416
Loan From Legacy Turf$75,000
Sales Tax Payable$46,345
Visa Credit Card$1,187
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Conflict-of-interest policy
Yes
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 7B

Duly elected members of the board of directors of golf brevard, inc. Are subject to confirmation by the brevard county board of county commissioners. Any member of the board of directors may be removed from the board by a super-majority of the brevard county board of county commissioners.

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

A preliminary 990 shall be prepared by golf brevards cpa under the direction of the general manager. The preliminary 990 shall be reviewed by the chair and at least one member of the board of directors, with necessary modifications and corrections completed. A final 990 shall be submitted to irs only after thorough review and approval by the board of directors. A copy of the 990 as submitted shall be provided to each board member.

Form 990, Page 6, Part VI, Line 12C

A copy of golf brevards conflict of interest policy is provided to each board member and key staff annually. Each board member and key staff individually acknowledges receipt and understanding of the conflict of interest policy and identifies any conflict known to exist. In addition, each board member and key staff are provided annually a list of vendors, with acknowledgement required that they have reviewed the list with no conflict of interest identified. Any conflict of interest identified is governed by the organizations conflict of interest policy.

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

The process for setting the compensation of mike yurigan, gm and key employee included the participation of independent board members, review of conmpensation of comparable golf course general mangers, and was contemporaneously documented in the board minutes,

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy and financial statements have been and will continue to be provided to the brevard county parks & recreation department and are therefore a matter of public record. Section 119.0701 of florida statutes requires golf brevard, inc. To comply with public records law, fulfilling requests properly made to the county for public records. By law and its operating agreement with brevard county, it is golf brevard, inc.s duty to provide those records upon request.

Form 990, Part VII

Mike yurigan, general manager and key employee's compensation will not exceed 100,000 in the current short year but exceeds 100,000 on an annualized basis.

Filing and Contact Details

Filer

Filer Name
Golf Brevard Inc
EIN
82-5091804
Phone
3219524529
Address
2374 OAK STREET, MELBOURNE BEACH, FL 32951

Signing Officer

Name
Thomas W Becker
Title
Chair
Phone
4072573649
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas W Becker
Formed
2018
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
57
Volunteers
6

Preparer

Firm
Betty G Gonzalez CPA Mba
Address
5265 A1A HWY, MELBOURNE BEACH, FL 32951-3212
Preparer
Betty Gonzalez
Phone
3219849247
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary purpose of the corporation will be to improve the physical condition of the golf courses, properly manage the courses and make them self-sufficient. The public as a whole will enjoy the benefits of golf brevards's service to the county.

Form 990, Part IX, Line 24E

Electricity 18,719 0 0 credit card fees 13,551 0 0 pro shop 10,796 0 0 range supplies 4,692 0 0 payroll fees 4,691 0 0 telephone 3,750 0 0 cost of goods sold suppli 3,506 0 0 books, subscriptiosn, ref 0 2,382 0 supplies 1,583 0 0 uniforms 584 0 0 bank service charges 0 329 0 total 61,872 2,711 0

Form 990, Page 12, Part XII, Line 2C

The financial statements are reviewed by the board as a whole, there is no special committee.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY PURPOSE OF THE CORPORATION WILL BE TO IMPROVE THE PHYSICAL CONDITION OF THE GOLF COURSES, PROPERLY MANAGE THE COURSES AND MAKE THEM SELF-SUFFICIENT. THE PUBLIC AS A WHOLE WILL ENJOY THE BENEFITS OF GOLF BREVARDS'S SERVICE TO THE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DULY ELECTED MEMBERS OF THE BOARD OF DIRECTORS OF GOLF BREVARD, INC. ARE SUBJECT TO CONFIRMATION BY THE BREVARD COUNTY BOARD OF COUNTY COMMISSIONERS. ANY MEMBER OF THE BOARD OF DIRECTORS MAY BE REMOVED FROM THE BOARD BY A SUPER-MAJORITY OF THE BREVARD COUNTY BOARD OF COUNTY COMMISSIONERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A PRELIMINARY 990 SHALL BE PREPARED BY GOLF BREVARDS CPA UNDER THE DIRECTION OF THE GENERAL MANAGER. THE PRELIMINARY 990 SHALL BE REVIEWED BY THE CHAIR AND AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS, WITH NECESSARY MODIFICATIONS AND CORRECTIONS COMPLETED. A FINAL 990 SHALL BE SUBMITTED TO IRS ONLY AFTER THOROUGH REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. A COPY OF THE 990 AS SUBMITTED SHALL BE PROVIDED TO EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF GOLF BREVARDS CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH BOARD MEMBER AND KEY STAFF ANNUALLY. EACH BOARD MEMBER AND KEY STAFF INDIVIDUALLY ACKNOWLEDGES RECEIPT AND UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY AND IDENTIFIES ANY CONFLICT KNOWN TO EXIST. IN ADDITION, EACH BOARD MEMBER AND KEY STAFF ARE PROVIDED ANNUALLY A LIST OF VENDORS, WITH ACKNOWLEDGEMENT REQUIRED THAT THEY HAVE REVIEWED THE LIST WITH NO CONFLICT OF INTEREST IDENTIFIED. ANY CONFLICT OF INTEREST IDENTIFIED IS GOVERNED BY THE ORGANIZATIONS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR SETTING THE COMPENSATION OF MIKE YURIGAN, GM AND KEY EMPLOYEE INCLUDED THE PARTICIPATION OF INDEPENDENT BOARD MEMBERS, REVIEW OF CONMPENSATION OF COMPARABLE GOLF COURSE GENERAL MANGERS, AND WAS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS HAVE BEEN AND WILL CONTINUE TO BE PROVIDED TO THE BREVARD COUNTY PARKS & RECREATION DEPARTMENT AND ARE THEREFORE A MATTER OF PUBLIC RECORD. SECTION 119.0701 OF FLORIDA STATUTES REQUIRES GOLF BREVARD, INC. TO COMPLY WITH PUBLIC RECORDS LAW, FULFILLING REQUESTS PROPERLY MADE TO THE COUNTY FOR PUBLIC RECORDS. BY LAW AND ITS OPERATING AGREEMENT WITH BREVARD COUNTY, IT IS GOLF BREVARD, INC.S DUTY TO PROVIDE THOSE RECORDS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MIKE YURIGAN, GENERAL MANAGER AND KEY EMPLOYEE'S COMPENSATION WILL NOT EXCEED 100,000 IN THE CURRENT SHORT YEAR BUT EXCEEDS 100,000 ON AN ANNUALIZED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ELECTRICITY 18,719 0 0 CREDIT CARD FEES 13,551 0 0 PRO SHOP 10,796 0 0 RANGE SUPPLIES 4,692 0 0 PAYROLL FEES 4,691 0 0 TELEPHONE 3,750 0 0 COST OF GOODS SOLD SUPPLI 3,506 0 0 BOOKS, SUBSCRIPTIOSN, REF 0 2,382 0 SUPPLIES 1,583 0 0 UNIFORMS 584 0 0 BANK SERVICE CHARGES 0 329 0 TOTAL 61,872 2,711 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD AS A WHOLE, THERE IS NO SPECIAL COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068921
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0535444
IRS990/TotalFunctionalExpensesGrp/TotalAmt0604365
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01497926
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01497926
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt075857
IRS990/TotalProgramServiceExpensesAmt0535444
IRS990/TotalProgramServiceRevenueAmt0564222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0579222
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0680222
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01573783
IRS990/TravelGrp/ManagementAndGeneralAmt01464
IRS990/TravelGrp/TotalAmt01464
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt075857
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0735 HIGHWAY A1A
IRS990/USAddress/CityNm0INDIALANTIC
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032903
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS W BECKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04072573649
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOLF BREVARD INC
ReturnHeader/Filer/BusinessNameControlTxt0GOLF
ReturnHeader/Filer/EIN0825091804
ReturnHeader/Filer/PhoneNum03219524529
ReturnHeader/Filer/USAddress/AddressLine1Txt02374 OAK STREET
ReturnHeader/Filer/USAddress/CityNm0MELBOURNE BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032951
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0233E7250E68807E0854DDE26091028BB939AC228
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09691F487A10ECCF6665C2CD476DA4D8C02BA873D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:30:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200250982
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BETTY G GONZALEZ CPA MBA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05265 A1A HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0329513212
ReturnHeader/PreparerPersonGrp/PhoneNum03219849247
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BETTY GONZALEZ
ReturnHeader/ReturnTs02019-11-14T12:30:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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