NEWP501(c)(7) · MEDIUMNAICS 713910EIN 05-0191000
Newport Country Club
Newport, RI · founded 1950
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.46M
▼ 0.8% YoY
FY23 Total Expenses
$3.78M
▲ 2.7% YoY
Operating Margin
-9.4%
revenue minus expenses ÷ revenue
Employees
63
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.5M
▲ 10.0% / 5y
Expenses
$3.8M
▲ 25.3% / 5y
Total Assets
$8.6M
▲ 22.5% / 5y
Total Liabilities
$2.1M
▼ 13.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.1M | $3.6M | $3.6M | $3.5M | $3.5M | +10.0% |
| Expenses | $3.0M | $3.6M | $3.6M | $3.7M | $3.8M | +25.3% |
| Net surplus | $123K | $24K | $24K | -$200K | -$327K | -365.3% |
| Total assets | $7.0M | $9.5M | $9.5M | $9.1M | $8.6M | +22.5% |
| Total liabilities | $2.4M | $3.6M | $3.6M | $3.5M | $2.1M | -13.1% |
| Net assets | $4.6M | $5.9M | $5.9M | $5.7M | $6.5M | +41.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHRIS COEN Golf Course Superintendent· 40h/wk | $137,779 | — |
+ 18 unpaid officers/directors as reported (AMELIA M BERKOWITZ, ARCHBOLD D VAN BEUREN, BARCLAY DOUGLAS JR, +15 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Barry Westall JAMESTOWN, RI | Management services | $256,669 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $1,945,488 |
| GOLF TOURNAMENT & FEES | $958,165 |
| OTHER ACTIVITIES | $216,651 |
| INITIATION FEES | $127,791 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.3M
▼ $233K paid down
Net land, buildings & equipment
$8.1M
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 | $149,131 |
| Occupancy | $18,382 |
| Depreciation & depletion | $368,357 |
| Information technology | $34,837 |
| Office expenses | $89,183 |
| Legal fees | $3,115 |
| Accounting fees | $38,900 |
| Other professional fees | $37,423 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
NEWPORT COUNTRY CLUB 401K PROFIT SHARING PLAN AND TRUST
pension · 84 participants · $1.2M assets · FY2024
NFounded in 1950, Newport Country Club reported $3.46M of revenue for FY23, at an operating margin of -9.4%. Revenue moved down 0.8% 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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