2024-11-14T16:38:12-06:00 2023-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 500 WEST PALM BEACH FL 33401 990 2023-01-01 821846550 GROVE XXIII GOLF CLUB INC GROV 7724972300 2323 SE BLACKCAT WAY HOBE SOUND FL 33455 KEN WEYAND PRESIDENT 8477788506 2024-11-11 1 0 CHRISTOPHER CECIL P01877773 5616971785 2024-10-28 2023 2024-10-15 13:58:12Z KEN WEYAND 2323 SE BLACKCAT WAY HOBE SOUND FL 33455 13065447 0 X N/A X 2017 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 3 2 121 2 1272317 0 0 0 7139228 8579332 -376876 -4437 1743061 1765269 8505413 10340164 0 0 0 0 5183575 6324591 0 0 0 9457104 10337414 14640679 16662005 -6135266 -6321841 54599309 56718786 38850030 41991348 15749279 14727438 THE GROVE XXIII GOLF CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE GOLF COURSE AND GOLF PRACTICE FACILITIES WERE COMPLETED AND OPEN FOR PLAY IN THE FALL OF 2019 FOR THE ENJOYMENT OF THEIR MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 28 0 1 121 1 1 1 0 0 0 0 0 3177574 0 0 0 X 3 2 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 1 1 0 X KERRI MILAN 7724972300 2323 SE BLACKCAT WAY HOBE SOUND FL 33455 KEN WEYAND PRESIDENT 40.00 X X 503615 0 28301 MICHAEL JORDAN DIRECTOR 3.00 X 0 0 0 CURTIS POLK DIRECTOR 3.00 X 0 0 0 KERRI MILAN CFO 40.00 X 197473 0 27511 GREG PHENEGER GROUNDS SUPERINTENDENT 50.00 X 266515 0 17585 967603 0 73397 4 0 1 0 ATLANTIC PACIFIC INSURANCE 11382 PROSPERTY FAMS ROAD PALM BEACH GARDENS FL 33410 GENERAL, LIABILITY INSURANCE 940726 GARRA LLC 559965 NW 125TH AVE CORAL SPRINGS FL 33076 SECURITY PROVIDER 672427 2 MEMBERSHIP DUES 713910 5355319 5355319 GOLF LESSONS 713910 2252027 2252027 COTTAGES 713910 971986 971986 8579332 59408 59408 0 18000 22437 -4437 -4437 -4437 4408707 2643438 1765269 492952 1272317 10340164 9072284 1272317 -4437 5267702 1056889 374875 3008583 GENERAL & ADMINISTRATIV 2427119 GOLF COURSE MAINTENANCE 1981793 FOOD & BEVERAGE 1268246 OTHER 606469 670329 16662005 3534329 5016674 1206605 1477905 0 2430112 3202946 455910 686548 57526338 11395541 46610340 46130797 362013 203916 54599309 56718786 1752274 1910119 4944000 5455500 2981580 34443559 29172176 182170 38850030 41991348 X 15749279 14727438 15749279 14727438 54599309 56718786 X -6321841 5300000 X X 0 1 X 1 0 3311690 3311690 31813275 5165527 26647748 7951525 3136551 4814974 14449848 3093463 11356385 46130797 FINANCE LEASE LIABILITY 38168 OPERATING LEASE LIABILITY 144002 182170 X 13043010 2702846 2702846 10340164 0 10340164 19364851 2702846 2702846 16662005 0 16662005 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENT TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM SALE OF INVENTORY 2,643,438. RENTAL EXPENSES 59,408. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM SALE OF INVENTORY 2,643,438. RENTAL EXPENSES 59,408. X X X 0 0 0 KEN WEYAND PRESIDENT 342615 0 161000 0 0 0 3000 0 25301 0 531916 0 0 0 GREG PHENEGER GROUNDS SUPERINTENDENT 246677 0 19838 0 0 0 1277 0 16308 0 284100 0 0 0 KERRI MILAN CFO 167164 0 30309 0 0 0 8213 0 19298 0 224984 0 0 0 THE GROVE GOLF CLUB LLC 35% CONTROLLED ENTITY FUNDS TO PAY OPERATING DEFICITS X 28373323 34443559 0 1 0 34443559 THE GROVE GOLF CLUB LLC 35% CONTROLLED ENTITY 2981580 PAYMENT FOR PURCHASE OF CLUB 0 THE GROVE GOLF CLUB LLC 35% CONTROLLED ENTITY 7500000 FUNDS TO PAY OPERATING DEFICITS 0 THE GROVE GOLF CLUB LLC 35% CONTROLLED ENTITY 1429915 PRINCIPAL AND INTEREST PAYMENTS ON LOAN 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS WILL HAVE THE RIGHT TO VOTE ON (I) THE SALE OF THE CLUB FACILITIES, (II) MERGER OF THE CLUB WITH ANOTHER CLUB, (III) INCURRING DEBT IN EXCESS OF THE AS COMPLETED FAIR MARKET VALUE OF THE CLUB FACILITIES AFTER THE CLOSINGS UNDER THE PURCHASE AGREEMENTS, (IV) OPERATING AND CAPITAL ASSESSMENTS TOTALING MORE THAN A CUMULATIVE AMOUNT OF $10,000,000, SUBJECT TO INCREASES IN CPI COMMENCING UPON ANY CLUB FACILITY BEING OPEN FOR USE, CUMULATIVE OVER THE LIFE OF THE CLUB, AND (V) DISSOLUTION OF THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB PRESIDENT APPROVES ALL TOP MANAGEMENT/KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS,THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INITIATION FEES 5,300,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION OF THE INDEPENDENT ACCOUNTANT.