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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

OAKL501(c)(7) · MEDIUMNAICS 713910EIN 04-1683805

Oakley Country Club

Watertown, MA · founded 1938

14 filings on recordFY 2010–2023medium confidence

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FY23 Total Revenue

$9.62M

▲ 7.5% YoY

FY23 Total Expenses

$9.33M

▲ 5.2% YoY

Operating Margin

3.0%

revenue minus expenses ÷ revenue

Employees

224

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.6M

▲ 30.6% / 5y

Expenses

$9.3M

▲ 29.3% / 5y

Total Assets

$20.3M

▲ 12.8% / 5y

Total Liabilities

$12.5M

▼ 0.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.4M	$9.0M	$9.0M	$8.9M	$9.6M	+30.6%
Expenses	$7.2M	$7.8M	$7.8M	$8.9M	$9.3M	+29.3%
Net surplus	$146K	$1.3M	$1.3M	$77K	$285K	+94.9%
Total assets	$18.0M	$19.6M	$19.6M	$20.2M	$20.3M	+12.8%
Total liabilities	$12.5M	$12.2M	$12.2M	$12.7M	$12.5M	-0.1%
Net assets	$5.4M	$7.4M	$7.4M	$7.5M	$7.7M	+42.6%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
RICHARD MARTINO CLUBHOUSE MANAGER· 40h/wk	$240,000	$24,688
PATRICK LANGE Golf Course Superintendent· 40h/wk	$225,000	$9,000
RACHEL KLEIN Executive Chef· 40h/wk	$156,140	$10,673
IVAN LAW Food & Beverage Director· 40h/wk	$140,950	$4,248
JOHN DELPHA FORMER EXECUTIVE CHEF· 40h/wk	$133,250	$4,948
SCOTT JOHNSON Head Golf Professional· 40h/wk	$130,500	$23,746
SUSAN BISHOP Controller· 40h/wk	$121,850	$4,874

+ 13 unpaid officers/directors as reported (ANDREW COPELOTTI, CURTIS COLE, DAN MEE, +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	$4,874,881
MASTER PLAN ASSESSMENT	$673,860
CAPITAL RESERVE ASSESS	$625,735
INITIATION FEES	$508,896

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$9.8M

▼ $367K paid down

Net land, buildings & equipment

$14.4M

book value, net of depreciation

Facility age

55%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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

Insurance	$109,566
Occupancy	$556,449
Depreciation & depletion	$1,238,101
Office expenses	$180,420
Legal fees	$5,035
Accounting fees	$27,150
Other professional fees	$216,684

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.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

OAKLEY COUNTRY CLUB 401(K) P/S PLAN

pension · 24 participants · $1.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

OFounded in 1938, Oakley Country Club reported $9.62M of revenue for FY23, at an operating margin of 3.0%. Revenue moved up 7.5% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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