WOLL501(c)(7) · MEDIUMNAICS 713910EIN 04-1983120
Wollaston Golf Club
Milton, MA · founded 1951
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$9.43M
▲ 3.9% YoY
FY23 Total Expenses
$8.18M
▲ 8.6% YoY
Operating Margin
13.3%
revenue minus expenses ÷ revenue
Employees
182
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$9.4M
▲ 49.4% / 5y
Expenses
$8.2M
▲ 41.9% / 5y
Total Assets
$26.0M
▲ 30.5% / 5y
Total Liabilities
$13.1M
▲ 3.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.3M | $8.2M | $8.2M | $9.1M | $9.4M | +49.4% |
| Expenses | $5.8M | $6.5M | $6.5M | $7.5M | $8.2M | +41.9% |
| Net surplus | $551K | $1.6M | $1.6M | $1.6M | $1.3M | +128.1% |
| Total assets | $19.9M | $22.7M | $22.7M | $25.2M | $26.0M | +30.5% |
| Total liabilities | $12.7M | $12.7M | $12.7M | $13.6M | $13.1M | +3.3% |
| Net assets | $7.2M | $10.0M | $10.0M | $11.6M | $12.8M | +78.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHARLES GRANDON General Manager· 40h/wk | $249,471 | $33,145 |
ROSEMARY BLASI Controller· 40h/wk | $176,031 | $22,067 |
TIMOTHY KURR Golf Course Superintendent· 40h/wk | $151,033 | $15,976 |
DAVID DWINELL DIRECTOR OF AGRONOMY· 40h/wk | $147,826 | $22,176 |
MICHAEL HOGAN Executive Chef· 40h/wk | $133,891 | $13,393 |
NICOLE GULLA CLUBHOUSE MANAGER· 40h/wk | $133,781 | $20,388 |
STEPHEN KILEY FOOD & BEVERAGE MANAGER· 40h/wk | $111,703 | $27,634 |
+ 10 unpaid officers/directors as reported (BILL MAHERAS, BRADFORD PORTER, EDWARD REGAN, +7 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 | $5,029,414 |
| INITITATION FEES | $1,243,065 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.6M
▼ $144K paid down
Net land, buildings & equipment
$19.5M
book value, net of depreciation
Facility age
32%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $128,051 |
| Occupancy | $792,303 |
| Depreciation & depletion | $873,674 |
| Information technology | $57,352 |
| Office expenses | $56,599 |
| Accounting fees | $27,600 |
| Other professional fees | $11,276 |
WFounded in 1951, Wollaston Golf Club reported $9.43M of revenue for FY23, at an operating margin of 13.3%. Revenue moved up 3.9% 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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