NEWP501(c)(7) · MEDIUMNAICS 713910EIN 03-0144952
Newport Country Club Inc
Newport, VT · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$805k
▲ 29.2% YoY
FY23 Total Expenses
$698k
▲ 30.5% YoY
Operating Margin
13.3%
revenue minus expenses ÷ revenue
Employees
17
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$805K
▲ 61.6% / 5y
Expenses
$698K
▲ 53.6% / 5y
Total Assets
$985K
▲ 73.3% / 5y
Total Liabilities
$474K
▲ 44.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $498K | $498K | $605K | $623K | $805K | +61.6% |
| Expenses | $455K | $455K | $537K | $535K | $698K | +53.6% |
| Net surplus | $44K | $44K | $68K | $88K | $107K | +145.7% |
| Total assets | $568K | $568K | $494K | $571K | $985K | +73.3% |
| Total liabilities | $328K | $328K | $237K | $224K | $474K | +44.5% |
| Net assets | $240K | $240K | $257K | $347K | $511K | +112.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (ANNETTE PATENAUDE, BEN SCHERER, BILL HODGEMAN, +9 more)
All 12 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 |
|---|---|
| DAILY OPERATIONS | $304,175 |
| CLUB SPECIALS | $19,305 |
| LOCKERS | $1,925 |
| Donation | $750 |
| League | $90 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$385K
▲ $174K new borrowing
Net land, buildings & equipment
$676K
book value, net of depreciation
Facility age
71%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $5,293 |
| Occupancy | $30,684 |
| Depreciation & depletion | $100,088 |
| Advertising & promotion | $926 |
| Office expenses | $25,660 |
| Accounting fees | $15,306 |
NFounded in 1934, Newport Country Club Inc reported $805k of revenue for FY23, at an operating margin of 13.3%. Revenue moved up 29.2% 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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