COUN501(c)(7) · MEDIUMNAICS 713910EIN 04-1212940
The Country Club (Brookline)
Chestnut Hill, MA · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$24.06M
▼ 21.3% YoY
FY23 Total Expenses
$22.31M
▼ 10.1% YoY
Operating Margin
7.3%
revenue minus expenses ÷ revenue
Employees
492
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$24.1M
▲ 22.7% / 5y
Expenses
$22.3M
▲ 15.0% / 5y
Total Assets
$77.8M
▲ 56.1% / 5y
Total Liabilities
$16.8M
▲ 12.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $19.6M | $24.1M | $24.1M | $30.5M | $24.1M | +22.7% |
| Expenses | $19.4M | $19.8M | $19.8M | $24.8M | $22.3M | +15.0% |
| Net surplus | $197K | $4.3M | $4.3M | $5.7M | $1.7M | +787.9% |
| Total assets | $49.8M | $71.4M | $71.4M | $75.0M | $77.8M | +56.1% |
| Total liabilities | $15.0M | $17.9M | $17.9M | $15.8M | $16.8M | +12.0% |
| Net assets | $34.8M | $53.5M | $53.5M | $59.2M | $61.0M | +75.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRENDAN WALSH Director of Golf· 60h/wk | $573,626 | $49,343 |
KRISTEN LACOUNT General Manager· 60h/wk | $405,602 | $31,745 |
DAVID JOHNSON Director of Grounds· 60h/wk | $359,245 | $24,453 |
STEVEN BALLARD DIRECTOR OF FACILITIES· 50h/wk | $357,907 | $46,920 |
JOHAN DU RANDT DIRECTOR OF RACQUET SPORTS· 50h/wk | $286,630 | $27,073 |
ROBERT WOLPE Chief Financial Officer· 50h/wk | $277,949 | $42,185 |
JOSEPH LEONARDI DIRECTOR OF CULINARY OPERATIONS· 50h/wk | $235,783 | $26,529 |
DAVID CHAG SENIOR ADVISOR· 50h/wk | $229,853 | $26,803 |
+ 13 unpaid officers/directors as reported (ANDREW E TAYLOR JR, CHRIS A LUTES JR, CHRISTIAN E SAMPSON, +10 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 |
|---|---|
| MEMBERSHIP DUES & FEES | $19,796,174 |
| GOLF & OTHER SPORTS FEES | $4,413,466 |
| OTHER PROGRAM SERVICES | $525,086 |
| CART RENTALS | $15,630 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.5M
▼ $800K paid down
Net land, buildings & equipment
$54.9M
book value, net of depreciation
Facility age
38%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $315,281 |
| Occupancy | $2,392,862 |
| Depreciation & depletion | $3,309,270 |
| Information technology | $222,621 |
| Advertising & promotion | $5,825 |
| Office expenses | $396,027 |
| Legal fees | $48,910 |
| Accounting fees | $37,729 |
| Other professional fees | $268,924 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE COUNTRY CLUB 401(K) PLAN
pension · 239 participants · FY2024
THE COUNTRY CLUB HEALTH AND WELFARE BENEFITS PLAN
welfare · 119 participants · FY2024
| Service provider | Paid |
|---|---|
| Raymond James & Associates Inc | $25,375 |
TFounded in 1942, The Country Club (Brookline) reported $24.06M of revenue for FY23, at an operating margin of 7.3%. Revenue moved down 21.3% 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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