NEED501(c)(7) · MEDIUMNAICS 713910EIN 04-1655650
Needham Golf Club Inc
Needham, MA
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.81M
▲ 12.7% YoY
FY23 Total Expenses
$2.42M
▲ 9.4% YoY
Operating Margin
13.7%
revenue minus expenses ÷ revenue
Employees
77
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.8M
▲ 31.7% / 5y
Expenses
$2.4M
▲ 13.8% / 5y
Total Assets
$4.7M
▲ 33.7% / 5y
Total Liabilities
$2.6M
▼ 12.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.1M | $3.0M | $3.0M | $2.5M | $2.8M | +31.7% |
| Expenses | $2.1M | $2.1M | $2.1M | $2.2M | $2.4M | +13.8% |
| Net surplus | $2K | $917K | $917K | $274K | $383K | +20264.5% |
| Total assets | $3.5M | $4.4M | $4.4M | $4.4M | $4.7M | +33.7% |
| Total liabilities | $3.0M | $2.9M | $2.9M | $2.7M | $2.6M | -12.6% |
| Net assets | $508K | $1.4M | $1.4M | $1.7M | $2.1M | +304.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
TIMOTHY M HOOD GOLF SUPERINTENDENT· 40h/wk | $135,284 | $6,792 |
GEOFFREY A PIVA General Manager· 40h/wk | $130,000 | $1,800 |
+ 12 unpaid officers/directors as reported (ALEXANDRA CLARK, ARTHUR FLASHMAN, HANS HAGEN, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Rl Sullivan Construction MILLIS, MA | Construction & renovation | $291,718 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & FEES | $2,443,985 |
| GOLF FEES | $332,193 |
| LOCKER FEES | $13,260 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.5M
▼ $120K paid down
Net land, buildings & equipment
$2.9M
book value, net of depreciation
Facility age
51%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $62,758 |
| Occupancy | $490,470 |
| Depreciation & depletion | $215,414 |
| Information technology | $43,694 |
| Office expenses | $78,148 |
NNeedham Golf Club Inc reported $2.81M of revenue for FY23, at an operating margin of 13.7%. Revenue moved up 12.7% 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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