ISLA501(c)(7) · MEDIUMNAICS 713910EIN 01-0096117
Island Country Club
Deer Isle, ME · founded 2000
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$355k
▲ 8.7% YoY
FY23 Total Expenses
$336k
▼ 2.2% YoY
Operating Margin
5.3%
revenue minus expenses ÷ revenue
Employees
14
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$355K
▲ 7.5% / 5y
Expenses
$336K
▲ 10.9% / 5y
Total Assets
$536K
▲ 25.0% / 5y
Total Liabilities
$8K
▼ 26.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $330K | $366K | $366K | $326K | $355K | +7.5% |
| Expenses | $303K | $351K | $351K | $343K | $336K | +10.9% |
| Net surplus | $27K | $15K | $15K | -$17K | $19K | -30.5% |
| Total assets | $429K | $533K | $533K | $518K | $536K | +25.0% |
| Total liabilities | $11K | $7K | $7K | $9K | $8K | -26.5% |
| Net assets | $418K | $526K | $526K | $509K | $528K | +26.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KEN WIBERG Board Member· 0.5h/wk | $2,422 | — |
+ 14 unpaid officers/directors as reported (DAVID GREIWE, EDITH CAMERON, J WALTER EPPLY, +11 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| GOLF & TENNIS FEES | $67,858 |
| GOLF & TENNIS RENTALS | $16,601 |
| GOLF & TENNIS RENTALS | $10,305 |
| GOLF & TENNIS FEES | $5,600 |
| GOLF & TENNIS TOURNAMENTS | $1,839 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$409K
book value, net of depreciation
Facility age
69%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $18,308 |
| Occupancy | $38,791 |
| Depreciation & depletion | $40,940 |
| Advertising & promotion | $2,017 |
| Office expenses | $12,499 |
| Accounting fees | $4,885 |
IFounded in 2000, Island Country Club reported $355k of revenue for FY23, at an operating margin of 5.3%. Revenue moved up 8.7% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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