IANN501(c)(7) · MEDIUMNAICS 713910EIN 06-0400660

Innis Arden Golf Club Inc

Old Greenwich, CT · founded 1972
14 filings on recordFY 20102023medium confidence
FY23 Total Revenue
$14.19M
▲ 7.8% YoY
FY23 Total Expenses
$14.77M
▲ 23.6% YoY
Operating Margin
-4.1%
revenue minus expenses ÷ revenue
Employees
274
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$14.2M
▲ 3.7% / 5y
13.712.814.913.214.2
Expenses
$14.8M
▲ 32.4% / 5y
11.110.812.411.914.8
Total Assets
$55.5M
▲ 96.0% / 5y
28.330.934.046.055.5
Total Liabilities
$22.8M
▲ 4341.3% / 5y
5138611.712.622.8

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$13.7M$12.8M$14.9M$13.2M$14.2M+3.7%
Expenses$11.1M$10.8M$12.4M$11.9M$14.8M+32.4%
Net surplus$2.5M$2.0M$2.5M$1.2M-$580K-122.9%
Total assets$28.3M$30.9M$34.0M$46.0M$55.5M+96.0%
Total liabilities$513K$861K$1.7M$12.6M$22.8M+4341.3%
Net assets$27.8M$30.0M$32.3M$33.4M$32.7M+17.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
CORY HUBBARD
Director of Racquets· 40h/wk
$721,914$19,681
BONNIE MACZUBA
General Manager· 40h/wk
$352,796$28,706
KEVIN SULLIVAN
Executive Chef· 40h/wk
$307,565$34,828
GARRETT MURPHY
FORMER HEAD GOLF PRO· 40h/wk
$274,408
NEIL LAUFENBERG
Golf Course Superintendent· 40h/wk
$238,738$82,560
MARGARET PISANI
Controller· 40h/wk
$194,920$14,989
DAN HEMME
Head Golf Professional· 40h/wk
$165,863$7,556

+ 13 unpaid officers/directors as reported (ALLEN MERRILL, BRIAN WATSON, CHRISTINE LEE, +10 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
SCANGA WOODWORKING CORP
COLD SPRING, NY
CONSTRUCTION TRADE$1,839,782
CENTERLINE INTERIOR INC
MILFORD, CT
CONSTRUCTION TRADE$1,471,066
TURNER CONSTRUCTION CO
SHELTON, CT
CONSTRUCTION MANAGER$1,214,581
WHITE CONTRACTORS
OLD GREENWICH, CT
CONSTRUCTION SITE WORK CONTRACTOR$1,207,694
L&R PLUMBING & HEATING LLC
BRISTOL, CT
CONSTRUCTION TRADE$1,078,378

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$6,342,477
CAPITAL ASSESSMENTS$2,413,102
INITIATION FEES$627,097

IFounded in 1972, Innis Arden Golf Club Inc reported $14.19M of revenue for FY23, at an operating margin of -4.1%. Revenue moved up 7.8% 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
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)
+ 11 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
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click