MEGU501(c)(7) · MEDIUMNAICS 713910EIN 01-0119385
Megunticook Golf Club
Rockport, ME · founded 1967
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.07M
▲ 10.2% YoY
FY23 Total Expenses
$1.07M
▲ 11.7% YoY
Operating Margin
0.2%
revenue minus expenses ÷ revenue
Employees
20
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.1M
▲ 40.3% / 5y
Expenses
$1.1M
▲ 35.6% / 5y
Total Assets
$1.4M
▼ 5.3% / 5y
Total Liabilities
$23K
▼ 80.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $765K | $881K | $881K | $973K | $1.1M | +40.3% |
| Expenses | $790K | $875K | $875K | $959K | $1.1M | +35.6% |
| Net surplus | -$25K | $6K | $6K | $15K | $2K | -106.7% |
| Total assets | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | -5.3% |
| Total liabilities | $114K | $46K | $46K | $41K | $23K | -80.0% |
| Net assets | $1.3M | $1.3M | $1.3M | $1.3M | $1.4M | +1.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 15 unpaid officers/directors as reported (ART SCHICK, AUDREY SCHICK, BETSY HENSHAW, +12 more)
All 15 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| MEMBERSHIP DUES AND ASSESS. | $745,980 |
| RESTAURANT & CLUBHOUSE | $119,361 |
| GOLF PROGRAM | $117,327 |
| TENNIS PROGRAM | $30,268 |
| YOUTH SUMMER CAMP | $6,731 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
60%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $36,995 |
| Depreciation & depletion | $100,638 |
| Information technology | $12,669 |
| Office expenses | $1,987 |
| Legal fees | $1,120 |
| Accounting fees | $31,734 |
| Other professional fees | $133,382 |
MFounded in 1967, Megunticook Golf Club reported $1.07M of revenue for FY23, at an operating margin of 0.2%. Revenue moved up 10.2% 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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