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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

SIAL501(c)(7) · MEDIUMNAICS 713910EIN 04-1802730

The Salem Country Club Incorporated

Peabody, MA · founded 1965

14 filings on recordFY 2010–2023medium confidence

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FY23 Total Revenue

$7.38M

▲ 20.1% YoY

FY23 Total Expenses

$8.05M

▲ 5.0% YoY

Operating Margin

-9.2%

revenue minus expenses ÷ revenue

Employees

228

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$7.4M

▼ 8.3% / 5y

Expenses

$8.1M

▼ 2.1% / 5y

Total Assets

$18.3M

▲ 3.4% / 5y

Total Liabilities

$4.9M

▲ 117.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.0M	$7.0M	$7.0M	$6.1M	$7.4M	-8.3%
Expenses	$8.2M	$6.6M	$6.6M	$7.7M	$8.1M	-2.1%
Net surplus	-$179K	$403K	$403K	-$1.5M	-$678K	+278.1%
Total assets	$17.7M	$20.8M	$20.8M	$19.5M	$18.3M	+3.4%
Total liabilities	$2.3M	$4.6M	$4.6M	$5.5M	$4.9M	+117.2%
Net assets	$15.4M	$16.2M	$16.2M	$14.0M	$13.4M	-13.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
WILLIAM ROCCO Golf Course Superintendent· 50h/wk	$318,701	$16,452
WILLIAM SHAW GENERAL MANAGER & COO· 50h/wk	$270,192	$14,167
JOHN BOULWARE Controller· 50h/wk	$146,942	$8,840
KEVIN WOOD PGA PROFESSIONAL· 50h/wk	$122,541	$10,202
PATRICIA MAILLET General Manager· 50h/wk	$118,130	$23,051

+ 10 unpaid officers/directors as reported (ALEX TATUM, CHARLES H MAHONEY, DAVID DEBIASE, +7 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Kevin Wood BURLINGTON, MA	PRO SHOP	$267,110

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES AND GOLF PRIVILEG	$5,294,096
GOLF	$1,261,480
INITIATION FEES	$393,000
SWIM	$20,506

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$13.8M

book value, net of depreciation

Facility age

54%

accumulated depreciation ÷ cost — higher = older plant

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	$211,432
Occupancy	$669,117
Depreciation & depletion	$1,359,387
Information technology	$90,551
Office expenses	$253,543
Legal fees	$4,480
Accounting fees	$26,600
Other professional fees	$70,010

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

SALEM COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST

pension · 75 participants · $2.1M 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.

TFounded in 1965, The Salem Country Club Incorporated reported $7.38M of revenue for FY23, at an operating margin of -9.2%. Revenue moved up 20.1% 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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