BELM501(c)(7) · MEDIUMNAICS 713910EIN 04-2003667

Belmont Country Club Inc

Belmont, MA · founded 1945
13 filings on recordFY 20112023medium confidence
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
9.321.110.311.611.5
Expenses
$12.3M
▲ 17.5% / 5y
10.49.410.811.712.3
Total Assets
$27.4M
▼ 0.9% / 5y
27.732.130.828.527.4
Total Liabilities
$10.5M
▼ 52.5% / 5y
22.115.614.110.810.5

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$9.3M$21.1M$10.3M$11.6M$11.5M+24.0%
Expenses$10.4M$9.4M$10.8M$11.7M$12.3M+17.5%
Net surplus-$1.1M$11.7M-$529K-$81K-$750K-34.6%
Total assets$27.7M$32.1M$30.8M$28.5M$27.4M-0.9%
Total liabilities$22.1M$15.6M$14.1M$10.8M$10.5M-52.5%
Net assets$5.5M$16.5M$16.8M$17.7M$16.9M+204.9%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
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 itemAmount
MEMBERSHIP DUES$6,056,508
CAPITAL ASSESSMENTS$1,529,279
INITIATION FEES$533,500

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
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)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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