PAWT501(c)(7) · MEDIUMNAICS 713910EIN 05-0272571
Pawtucket Country Club Inc
Pawtucket, RI · founded 1956
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.64M
▲ 20.3% YoY
FY23 Total Expenses
$3.45M
▲ 23.6% YoY
Operating Margin
5.3%
revenue minus expenses ÷ revenue
Employees
133
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.6M
▲ 82.9% / 5y
Expenses
$3.4M
▲ 73.6% / 5y
Total Assets
$2.7M
▲ 298.1% / 5y
Total Liabilities
$2.3M
▲ 164.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.0M | $2.3M | $2.3M | $3.0M | $3.6M | +82.9% |
| Expenses | $2.0M | $2.1M | $2.1M | $2.8M | $3.4M | +73.6% |
| Net surplus | $3K | $121K | $121K | $237K | $192K | +5520.1% |
| Total assets | $672K | $1.7M | $1.7M | $2.2M | $2.7M | +298.1% |
| Total liabilities | $860K | $1.8M | $1.8M | $2.0M | $2.3M | +164.5% |
| Net assets | -$187K | -$26K | -$26K | $211K | $403K | -314.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL GELINAS Head Golf Professional· 40h/wk | $295,000 | $2,300 |
MICHAEL WHITEHEAD GOLF SUPERINTENDANT· 40h/wk | $127,000 | $24,000 |
+ 2 unpaid officers/directors as reported (GARY R REIS, MARY BETH REIS)
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 |
|---|---|
| MEMBERSHIP DUES | $1,912,288 |
| GOLF CART RENTALS | $614,155 |
| GREENS FEES | $241,050 |
| TOURNAMENTS & HANDICAPS | $152,581 |
| POOL DUES | $41,242 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
—
book value, net of depreciation
Facility age
—
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $96,523 |
| Occupancy | $829,626 |
| Information technology | $32,419 |
| Advertising & promotion | $5,417 |
| Office expenses | $59,850 |
| Legal fees | $31,244 |
| Other professional fees | $48,000 |
PFounded in 1956, Pawtucket Country Club Inc reported $3.64M of revenue for FY23, at an operating margin of 5.3%. Revenue moved up 20.3% 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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