Florida Files

Officeholders

Jay Madara

2023 Form 6F · annual filing (Commission on Ethics) · received 2024-11-22 · 4 pages (text)

Net worth$9,747,518
Income listed$1,697,514
Real estate$0
Debts listed$3,242,608
Worth a look0

Where listed income comes from

  • Other / unclassified 100% $1,697,514 · PGA TOUR, NBCUniversal Media

Worth a look 0

Nothing stood out under the current rules.

Context 4

Context Unusual reporting

Lists 3 investment accounts ($2,317,263) instead of what's in them

The instructions say the investments held in a brokerage account or IRA are the assets to report — not the account itself. As listed, the public can't see what the filer is invested in.

What to check
  • Which companies or funds are in these accounts? Holdings matter for conflicts of interest.

Rule: Accounts listed instead of investments
“Note that the product contained in a brokerage account, IRA, or the Florida College Investment Plan, is your asset”2023 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works

Context Unusual reporting

Net worth $9,747,518; listed items add up to $1,644,350

Reported net worth: $9,747,518. Household goods + listed assets − listed liabilities = $1,644,350. A difference is normal: net worth also counts assets and debts that aren't listed individually (items under $1,000, credit cards, taxes), and the instructions say subtracting listed liabilities from listed assets won't give an accurate figure in most cases.

What to check
  • No action needed unless other items look off.

Rule: Net worth vs. listed items
“Simply subtracting your liabilities from your assets will not result in an accurate net worth figure in most cases.”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works

Context Income & business ties

89% of listed income ($1,504,184) comes from PGA TOUR

Listed income totals $1,697,514 from 2 sources. The largest is classed as other / unclassified.

What to check
  • Who is this source, and does it have business before the office sought?
  • If the filer owns it, check the business section and secondary income.

Rule: Where the money comes from
“List the name of each source of income that provided you with more than $1,000 of income during”2023 Form 6 instructions, Income ✓ quoted from the saved instructions · how this rule works

Context Wealth & holdings

Reports a net worth of $9,747,518 — a multimillionaire on paper

Net worth is the filer's own figure. Being wealthy isn't a problem; it's context for comparing candidates and for reading the rest of the form.

What to check
  • Compare with the other candidates in the race.
  • Check that the large assets below are described and valued clearly.

Rule: Net worth tier
“Report your net worth as of”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works

Where to look next

These links open official public records, built from what the filer disclosed. They're searches you run yourself — results may include other people or companies with similar names.

Their filings

Other filings by Jay Madara

FilingReceivedNet worthItems
2022 Form 6 — annual (Commission on Ethics)2024-11-22$8,668,274

Net worth

Net worth
As of
Household goods (lump sum)

Assets over $1,000 $4,661,958 listed

DescriptionValue

Liabilities over $1,000 $3,242,608 listed

CreditorAddressAmount

Joint and several liabilities not reported above

Reported as “N/A”.

Income $1,697,514 listed

Elected to attach federal tax return instead: not read

Primary sources

SourceAddressAmount

Secondary sources (major customers of businesses owned)

Reported as “N/A”.

Interests in specified businesses

Reported as “N/A”.

Signature

Signed by
Date
Filed with COE

Source

Document
Open PDF · original source
Retrieved
2026-10-11T05:08:07+00:00
SHA-256
d985b42f6689a8aa22bed94e61a58b90e8d7c74f2ebb584fe403653e7843ce5e
Pages
p1 form6 · p2 form6 · p3 form6 · p4 form6
Extraction
parser v0.5.2; 0 value(s) below 80% confidence