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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BRAS501(c)(7) · MEDIUMNAICS 713910EIN 04-1066960

Bass Rocks Golf Club

Gloucester, MA · founded 1942

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$4.45M

▲ 3.4% YoY

FY23 Total Expenses

$3.89M

▲ 12.1% YoY

Operating Margin

12.6%

revenue minus expenses ÷ revenue

Employees

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$4.5M

▲ 35.6% / 5y

Expenses

$3.9M

▲ 28.0% / 5y

Total Assets

$12.0M

▲ 65.3% / 5y

Total Liabilities

$5.4M

▲ 38.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.3M	$4.1M	$4.1M	$4.3M	$4.5M	+35.6%
Expenses	$3.0M	$3.3M	$3.3M	$3.5M	$3.9M	+28.0%
Net surplus	$244K	$825K	$825K	$838K	$562K	+130.6%
Total assets	$7.2M	$9.1M	$9.1M	$11.1M	$12.0M	+65.3%
Total liabilities	$3.9M	$3.9M	$3.9M	$5.0M	$5.4M	+38.4%
Net assets	$3.4M	$5.2M	$5.2M	$6.0M	$6.6M	+96.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
PETER N HOOD JR General Manager· 60h/wk	$234,856	$37,128
CHRISTOPHER DONATO GREEN SUPERINTENDENT· 60h/wk	$175,000	$28,700
FRANK MUZIO Board Vice President· 5h/wk	$4,650	—
FRANK SABLONE Board President· 15h/wk	$4,650	—

+ 15 unpaid officers/directors as reported (BILL CUFF, CHET MARCUS, CHRIS HARTNETT, +12 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Goodman Hospitality LLC GLOUCESTER, MA	Food & beverage	$822,097
Tanto Irrigation LLC ELMSFORD, NY	Turf & grounds	$681,093
Bianchini Construction Corp GLOUCESTER, MA	Construction & renovation	$283,566
Ej Paving Co Inc METHUEN, MA	PAVERS	$135,249

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$2,520,933
INITIATION FEES	$275,303
CAPITAL ASSESSMENT	$153,750

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$5.1M

▲ $378K new borrowing

Net land, buildings & equipment

$8.7M

book value, net of depreciation

Facility age

36%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$70,778
Occupancy	$183,100
Depreciation & depletion	$429,750
Office expenses	$123,249
Legal fees	$5,104
Accounting fees	$21,750
Other professional fees	$27,525

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

BFounded in 1942, Bass Rocks Golf Club reported $4.45M of revenue for FY23, at an operating margin of 12.6%. Revenue moved up 3.4% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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