NLAB501(c)(7) · MEDIUMNAICS 713910EIN 04-1648865

Nabnasset Lake Country Club Inc

Westford, MA · founded 1956
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$1.24M
▲ 10.6% YoY
FY23 Total Expenses
$1.05M
▲ 19.4% YoY
Operating Margin
15.5%
revenue minus expenses ÷ revenue
Employees
24
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$1.2M
▲ 48.6% / 5y
8349479471.11.2
Expenses
$1.0M
▲ 33.8% / 5y
7838018018771.0
Total Assets
$1.1M
▲ 80.6% / 5y
6137927929711.1
Total Liabilities
$520K
▼ 29.5% / 5y
737631631567520

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$834K$947K$947K$1.1M$1.2M+48.6%
Expenses$783K$801K$801K$877K$1.0M+33.8%
Net surplus$51K$146K$146K$243K$192K+275.0%
Total assets$613K$792K$792K$971K$1.1M+80.6%
Total liabilities$737K$631K$631K$567K$520K-29.5%
Net assets-$124K$161K$161K$404K$587K-571.8%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 7 unpaid officers/directors as reported (Barbara Crowell, Deb Villano, James Murray, +4 more)

All 7 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 itemAmount
Golf Fees & Rentals$258,426

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$354K
$63K paid down
Net land, buildings & equipment
$558K
book value, net of depreciation
Facility age
74%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$119K$238K$358K$477KFY20 · $477KFY20FY21 · $477KFY21FY22 · $418KFY22FY23 · $354KFY23

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
Management fees$0
Insurance$38,872
Occupancy$36,177
Depreciation & depletion$60,648
Information technology$8,338
Advertising & promotion$6,215
Office expenses$10,639
Legal fees$3,588
Accounting fees$3,200
Other professional fees$785

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.

NFounded in 1956, Nabnasset Lake Country Club Inc reported $1.24M of revenue for FY23, at an operating margin of 15.5%. Revenue moved up 10.6% 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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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