BELM501(c)(7) · MEDIUMNAICS 713910EIN 04-2003667
Belmont Country Club Inc
Belmont, MA · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.52M
▼ 1.0% YoY
FY23 Total Expenses
$12.27M
▲ 4.8% YoY
Operating Margin
-6.5%
revenue minus expenses ÷ revenue
Employees
207
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.5M
▲ 24.0% / 5y
Expenses
$12.3M
▲ 17.5% / 5y
Total Assets
$27.4M
▼ 0.9% / 5y
Total Liabilities
$10.5M
▼ 52.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.3M | $10.3M | $10.3M | $11.6M | $11.5M | +24.0% |
| Expenses | $10.4M | $10.8M | $10.8M | $11.7M | $12.3M | +17.5% |
| Net surplus | -$1.1M | -$529K | -$529K | -$81K | -$750K | -34.6% |
| Total assets | $27.7M | $30.8M | $30.8M | $28.5M | $27.4M | -0.9% |
| Total liabilities | $22.1M | $14.1M | $14.1M | $10.8M | $10.5M | -52.5% |
| Net assets | $5.5M | $16.8M | $16.8M | $17.7M | $16.9M | +204.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ANDREW COLEMAN General Manager· 40h/wk | $334,464 | $52,790 |
JOHN FIELDS GOLF DIRECTOR· 40h/wk | $239,748 | $33,564 |
JOHN ROSE Golf Course Superintendent· 40h/wk | $194,580 | $25,825 |
MARK GOLDBERG Executive Chef· 40h/wk | $146,598 | $24,770 |
KEVIN NEE Controller· 40h/wk | $134,689 | $12,325 |
WILL BARON FACILITIES DIRECTOR· 40h/wk | $129,624 | $18,421 |
+ 17 unpaid officers/directors as reported (ALLISON MARGOLIES, BRETT GORDON, BRETT LEVY, +14 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 | $6,056,508 |
| CAPITAL ASSESSMENTS | $1,529,279 |
| INITIATION FEES | $533,500 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$8.7M
▼ $254K paid down
Net land, buildings & equipment
$21.5M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $131,516 |
| Occupancy | $706,557 |
| Depreciation & depletion | $2,254,097 |
| Information technology | $106,735 |
| Office expenses | $168,901 |
| Legal fees | $64,120 |
| Accounting fees | $30,240 |
| Other professional fees | $29,491 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BELMONT COUNTRY CLUB, INC. 401(K) PLAN
pension · 36 participants · $5.7M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Cooks, Restaurant Belmont, MA | $47K | 4 | May 2025 → Oct 2025 |
Waiters and Waitresses Belmont, MA | $43K | 11 | May 2025 → Oct 2025 |
Amusement and Recreation Attendants Belmont, MA | $37K | 5 | May 2025 → Oct 2025 |
BFounded in 1945, Belmont Country Club Inc reported $11.52M of revenue for FY23, at an operating margin of -6.5%. Revenue moved down 1.0% 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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