LINC501(c)(7) · MEDIUMNAICS 713910EIN 05-0283267
Lincoln Country Club Inc
Lincoln, RI · founded 1966
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$874k
▼ 13.5% YoY
FY23 Total Expenses
$985k
▲ 10.5% YoY
Operating Margin
-12.7%
revenue minus expenses ÷ revenue
Employees
15
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$874K
▲ 34.8% / 5y
Expenses
$985K
▲ 37.4% / 5y
Total Assets
$1.2M
▲ 34.6% / 5y
Total Liabilities
$911K
▲ 33.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $648K | $814K | $814K | $1.0M | $874K | +34.8% |
| Expenses | $717K | $785K | $785K | $892K | $985K | +37.4% |
| Net surplus | -$69K | $28K | $28K | $118K | -$111K | +61.6% |
| Total assets | $869K | $959K | $959K | $999K | $1.2M | +34.6% |
| Total liabilities | $682K | $707K | $707K | $628K | $911K | +33.6% |
| Net assets | $187K | $252K | $252K | $370K | $259K | +38.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (ALFRED ZANNINI, DAVID TICE, DENNIS TRIPODI, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
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 | $637,390 |
| MEMBER SERVICE | $148,770 |
| MEMBER ASSESSMENTS | $46,950 |
| FOOD SERVICE | $19,700 |
| TOURNAMENTS & PARTIES | $5,425 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$762K
▲ $257K new borrowing
Net land, buildings & equipment
$826K
book value, net of depreciation
Facility age
73%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $37,373 |
| Depreciation & depletion | $93,089 |
| Office expenses | $25,456 |
| Accounting fees | $18,687 |
LFounded in 1966, Lincoln Country Club Inc reported $874k of revenue for FY23, at an operating margin of -12.7%. Revenue moved down 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
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