BBRA501(c)(7) · MEDIUMNAICS 713910EIN 04-1115000
Brae Burn Country Club
West Newton, MA · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$14.99M
▲ 1.4% YoY
FY23 Total Expenses
$15.18M
▲ 4.6% YoY
Operating Margin
-1.3%
revenue minus expenses ÷ revenue
Employees
328
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$15.0M
▲ 8.8% / 5y
Expenses
$15.2M
▲ 20.7% / 5y
Total Assets
$27.9M
▲ 7.2% / 5y
Total Liabilities
$2.2M
▲ 92.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $13.8M | $12.3M | $14.4M | $14.8M | $15.0M | +8.8% |
| Expenses | $12.6M | $11.7M | $13.4M | $14.5M | $15.2M | +20.7% |
| Net surplus | $1.2M | $616K | $997K | $263K | -$197K | -116.5% |
| Total assets | $26.0M | $26.6M | $27.8M | $27.9M | $27.9M | +7.2% |
| Total liabilities | $1.2M | $1.4M | $1.7M | $1.8M | $2.2M | +92.2% |
| Net assets | $24.9M | $25.2M | $26.1M | $26.1M | $25.7M | +3.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SEAN MCLAUGHLIN FMR GENERAL MANAGER· 40h/wk | $386,919 | $28,606 |
JASON NILL Assistant General Manager· 40h/wk | $255,275 | $10,050 |
PHILIP PSAROS Head Golf Professional· 40h/wk | $252,529 | $27,902 |
STEPHEN MITCHELL FMR DIRECTOR OF RACQUETS· 40h/wk | $213,941 | $27,931 |
SEAN NOLAN Golf Course Superintendent· 40h/wk | $195,525 | $17,351 |
SEAN MCTERNAN HEAD GOLF TEACHING PRO· 40h/wk | $188,164 | $7,993 |
MICHAEL QUILTER Chief Financial Officer· 40h/wk | $182,238 | $27,911 |
JOSEPH DION Executive Chef· 40h/wk | $174,045 | $7,387 |
+ 16 unpaid officers/directors as reported (AMY MADDEN, BRYAN BLAKE, CHRISTIAN BRUNNER, +13 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Landscapes Unlimited LLC LINCOLN, NE | COURSE IMPROVEMENTS | $404,415 |
| Green Flush Technologies WASHOUGAL, WA | HIGHLAND RESTROOM | $169,475 |
| James Galvin Electric Company NEWTON, MA | ELECTRICIAN SERVICES | $160,043 |
| Gojehos Carpentry FRAMINGHAM, MA | Construction & renovation | $155,209 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $3,359,249 |
| SEASON PRIVILEGES | $3,116,614 |
| CAPITAL FEES | $1,222,200 |
| INITIATION FEES | $633,750 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$21.4M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $191,958 |
| Occupancy | $1,070,904 |
| Depreciation & depletion | $1,951,296 |
| Information technology | $126,032 |
| Office expenses | $127,985 |
| Legal fees | $12,983 |
| Accounting fees | $32,000 |
| Other professional fees | $127,466 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BRAE BURN COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST
pension · 65 participants · $5.3M assets · FY2024
BFounded in 1934, Brae Burn Country Club reported $14.99M of revenue for FY23, at an operating margin of -1.3%. Revenue moved up 1.4% 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
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