RBAC501(c)(7) · MEDIUMNAICS 713910EIN 06-0503510
Race Brook Country Club
Orange, CT · founded 1924
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.96M
▼ 43.8% YoY
FY23 Total Expenses
$4.52M
▲ 2.1% YoY
Operating Margin
8.8%
revenue minus expenses ÷ revenue
Employees
154
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.0M
▲ 13.8% / 5y
Expenses
$4.5M
▲ 3.1% / 5y
Total Assets
$21.3M
▲ 323.8% / 5y
Total Liabilities
$19.0M
▲ 131.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.4M | $4.6M | $4.6M | $8.8M | $5.0M | +13.8% |
| Expenses | $4.4M | $3.6M | $3.6M | $4.4M | $4.5M | +3.1% |
| Net surplus | -$30K | $945K | $945K | $4.4M | $436K | -1540.1% |
| Total assets | $5.0M | $4.9M | $4.9M | $2.9M | $21.3M | +323.8% |
| Total liabilities | $8.2M | $7.4M | $7.4M | $985K | $19.0M | +131.8% |
| Net assets | -$3.2M | -$2.5M | -$2.5M | $1.9M | $2.3M | -173.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOHN GALLAGHER Golf Course Superintendent· 40h/wk | $163,000 | — |
JENNIFER BIHARY DIRECTOR OF OPERATIONS· 40h/wk | $96,286 | — |
+ 9 unpaid officers/directors as reported (ALICIA PRETE, BRUCE CIRILLO, CHRISTOPHER A MORAN, +6 more)
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 |
|---|---|
| MEMEBERSHIP FEES | $3,116,279 |
| CART FEES | $444,139 |
| GREENS FEES | $302,046 |
| OTHER | $104,164 |
| INTEREST INCOME | $41,883 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$145K
▼ $4K paid down
Net land, buildings & equipment
$532K
book value, net of depreciation
Facility age
83%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $187,729 |
| Occupancy | $40,452 |
| Depreciation & depletion | $149,362 |
| Legal fees | $19,141 |
| Accounting fees | $9,389 |
RFounded in 1924, Race Brook Country Club reported $4.96M of revenue for FY23, at an operating margin of 8.8%. Revenue moved down 43.8% 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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