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

Golf Club Of Marthas Vineyard Inc

Edgartown, MA · founded 2001
13 filings on recordFY 20112023medium confidence
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
7.38.07.710.013.9
Expenses
$10.9M
▲ 47.8% / 5y
7.47.88.89.310.9
Total Assets
$66.3M
▲ 28.5% / 5y
51.651.554.663.266.3
Total Liabilities
$14.7M
▲ 419.6% / 5y
2.82.46.714.714.7

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$7.3M$8.0M$7.7M$10.0M$13.9M+90.9%
Expenses$7.4M$7.8M$8.8M$9.3M$10.9M+47.8%
Net surplus-$51K$228K-$1.1M$624K$3.1M-6140.1%
Total assets$51.6M$51.5M$54.6M$63.2M$66.3M+28.5%
Total liabilities$2.8M$2.4M$6.7M$14.7M$14.7M+419.6%
Net assets$48.8M$49.0M$47.9M$48.5M$51.6M+5.7%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
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 itemAmount
MEMBER DUES & ASSESS.$11,189,100
FOOD & BEVERAGE$1,171,083
GOLF OPERATIONS$731,884
PRO SHOP SALES$598,708
ROOM REVENUE$88,000

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)
+ 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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