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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

NANT501(c)(7) · MEDIUMNAICS 713910EIN 04-3282515

Nantucket Golf Club Inc

Siasconset, MA · founded 1999

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$10.37M

▲ 13.5% YoY

FY23 Total Expenses

$13.12M

▲ 4.0% YoY

Operating Margin

-26.6%

revenue minus expenses ÷ revenue

Employees

176

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.4M

▲ 28.0% / 5y

Expenses

$13.1M

▲ 26.2% / 5y

Total Assets

$46.7M

▲ 23.3% / 5y

Total Liabilities

$7.9M

▲ 186.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.1M	$8.8M	$8.8M	$9.1M	$10.4M	+28.0%
Expenses	$10.4M	$11.6M	$11.6M	$12.6M	$13.1M	+26.2%
Net surplus	-$2.3M	-$2.8M	-$2.8M	-$3.5M	-$2.8M	+20.0%
Total assets	$37.9M	$41.1M	$41.1M	$42.2M	$46.7M	+23.3%
Total liabilities	$2.8M	$4.8M	$4.8M	$7.1M	$7.9M	+186.8%
Net assets	$35.1M	$36.3M	$36.3M	$35.1M	$38.8M	+10.4%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
THOMAS BRESETTE CLUB MANAGERTREASURER· 40h/wk	$564,199	$69,384
MARK LUCAS GOLF COURSE MANAGER· 40h/wk	$309,838	$63,145
MIKE DEMAKOS Head Golf Professional· 40h/wk	$294,838	$72,197
REBECCA BARTLETT CONTROLLERASST CLERK· 40h/wk	$215,622	$40,953
KENNETH J MARCHETTI ASSISTANT TREASURERCFO· 4h/wk	$40,082	—

+ 6 unpaid officers/directors as reported (ALASTAIR BORTHWICK, DOUGLAS D GRIP, EDMUND A HAJIM, +3 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
COTTAGES INCOME	$509,350
GOLF AND CART INCOME	$448,465
LOCKER RENTAL	$57,600
OTHER INCOME	$8,515

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$5.1M

▲ $1.0M new borrowing

Net land, buildings & equipment

$37.6M

book value, net of depreciation

Facility age

51%

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	$344,998
Occupancy	$1,051,056
Depreciation & depletion	$915,870
Legal fees	$17,149
Accounting fees	$59,732

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

NANTUCKET GOLF CLUB, INC. 401(K) PLAN

pension · 21 participants · $4.4M 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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
First-Line Supervisors of Food Preparation and Serving Workers Siasconset, MA	$53K	5	May 2025 → Oct 2025
Cooks, Restaurant Siasconset, MA	$48K	10	May 2025 → Oct 2025
Bartenders Siasconset, MA	$46K	2	May 2025 → Oct 2025
Waiters and Waitresses Siasconset, MA	$44K	10	May 2025 → Oct 2025
Food Preparation Workers Siasconset, MA	$44K	3	May 2025 → Oct 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

NFounded in 1999, Nantucket Golf Club Inc reported $10.37M of revenue for FY23, at an operating margin of -26.6%. Revenue moved up 13.5% 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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