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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

MVAR501(c)(7) · MEDIUMNAICS 713910EIN 04-3504105

Golf Club Of Marthas Vineyard Inc

Edgartown, MA · founded 2001

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$13.94M

▲ 40.1% YoY

FY23 Total Expenses

$10.87M

▲ 16.5% YoY

Operating Margin

22.0%

revenue minus expenses ÷ revenue

Employees

123

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$13.9M

▲ 90.9% / 5y

Expenses

$10.9M

▲ 47.8% / 5y

Total Assets

$66.3M

▲ 28.5% / 5y

Total Liabilities

$14.7M

▲ 419.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.3M	$7.7M	$7.7M	$10.0M	$13.9M	+90.9%
Expenses	$7.4M	$8.8M	$8.8M	$9.3M	$10.9M	+47.8%
Net surplus	-$51K	-$1.1M	-$1.1M	$624K	$3.1M	-6140.1%
Total assets	$51.6M	$54.6M	$54.6M	$63.2M	$66.3M	+28.5%
Total liabilities	$2.8M	$6.7M	$6.7M	$14.7M	$14.7M	+419.6%
Net assets	$48.8M	$47.9M	$47.9M	$48.5M	$51.6M	+5.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
ERI SEGUIN Head Golf Professional· 40h/wk	$286,833	$40,051
KEVIN BANKS Golf Course Superintendent· 40h/wk	$219,423	$37,365
EDWARD CHRISTOFONO Controller· 40h/wk	$150,115	$16,918
JASON BENKO Caddie Master· 40h/wk	$126,654	$21,984

+ 10 unpaid officers/directors as reported (ANDREW MARCUS, BARBARA ISRAEL, CHARLES HAJJAR, +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
MEMBER DUES & ASSESS.	$11,189,100
FOOD & BEVERAGE	$1,171,083
GOLF OPERATIONS	$731,884
PRO SHOP SALES	$598,708
ROOM REVENUE	$88,000

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$11.3M

▲ $2.2M new borrowing

Net land, buildings & equipment

$57.6M

book value, net of depreciation

Facility age

25%

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	$307,113
Depreciation & depletion	$1,935,730
Information technology	$19,158
Office expenses	$74,617
Legal fees	$21,903

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

GOLF CLUB OF MARTHA'S VINEYARD, INC. 401(K) PLAN

pension · 31 participants · $3.2M 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
Landscaping and Groundskeeping Workers Edgartown, MA	$50K	6	Apr 2025 → Nov 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 →

GFounded in 2001, Golf Club Of Marthas Vineyard Inc reported $13.94M of revenue for FY23, at an operating margin of 22.0%. Revenue moved up 40.1% 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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