LEXI501(c)(7) · MEDIUMNAICS 713910EIN 04-1542170
Lexington Golf Club
Lexington, MA · founded 1934
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.65M
▲ 9.6% YoY
FY23 Total Expenses
$1.32M
▲ 10.0% YoY
Operating Margin
20.0%
revenue minus expenses ÷ revenue
Employees
12
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$1.7M
▲ 48.1% / 5y
Expenses
$1.3M
▲ 16.3% / 5y
Total Assets
$3.2M
▲ 15.2% / 5y
Total Liabilities
$364K
▼ 18.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.1M | $1.1M | $1.5M | $1.7M | +48.1% |
| Expenses | $1.1M | $1.1M | $1.1M | $1.2M | $1.3M | +16.3% |
| Net surplus | -$21K | -$21K | -$21K | $305K | $329K | -1644.6% |
| Total assets | $2.8M | $2.8M | $2.8M | $2.9M | $3.2M | +15.2% |
| Total liabilities | $445K | $445K | $445K | $414K | $364K | -18.2% |
| Net assets | $2.3M | $2.3M | $2.3M | $2.5M | $2.8M | +21.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 13 unpaid officers/directors as reported (ANTONIO BATTAGLIA, CAROLYN MURPHY, CHARLES MURPHY, +10 more)
All 13 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 |
|---|---|
| ENTRY FEES | $179,270 |
| GUEST FEES | $103,060 |
| GOLF CART FEES | $78,082 |
| KITCHEN FEES | $76,996 |
| HANDICAP FEES | $15,560 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$2.0M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $54,220 |
| Occupancy | $96,192 |
| Depreciation & depletion | $132,475 |
| Office expenses | $9,108 |
| Other professional fees | $258,370 |
LFounded in 1934, Lexington Golf Club reported $1.65M of revenue for FY23, at an operating margin of 20.0%. Revenue moved up 9.6% 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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