SHOU501(c)(7) · MEDIUMNAICS 713910EIN 11-1349700
Southward Ho Country Club Inc
Bay Shore, NY · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$12.50M
▲ 12.7% YoY
FY23 Total Expenses
$11.27M
▲ 11.3% YoY
Operating Margin
9.8%
revenue minus expenses ÷ revenue
Employees
229
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$12.5M
▲ 45.2% / 5y
Expenses
$11.3M
▲ 27.9% / 5y
Total Assets
$20.7M
▲ 40.0% / 5y
Total Liabilities
$2.7M
▲ 28.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.6M | $11.4M | $11.4M | $11.1M | $12.5M | +45.2% |
| Expenses | $8.8M | $8.9M | $8.9M | $10.1M | $11.3M | +27.9% |
| Net surplus | -$201K | $2.5M | $2.5M | $971K | $1.2M | -711.5% |
| Total assets | $14.8M | $18.4M | $18.4M | $19.0M | $20.7M | +40.0% |
| Total liabilities | $2.1M | $2.5M | $2.5M | $2.2M | $2.7M | +28.2% |
| Net assets | $12.7M | $15.8M | $15.8M | $16.8M | $18.0M | +42.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRIAN CURTIN General Manager· 40h/wk | $263,040 | $2,512 |
JAMES STEWART GOLF SUPERINTENDENT· 40h/wk | $233,975 | $33,106 |
BLAKE VERITY Executive Chef· 40h/wk | $192,731 | $24,652 |
DAVID PRESTON Head Golf Professional· 40h/wk | $178,081 | $32,681 |
JENNIFER RIEDMAN Assistant General Manager· 40h/wk | $131,711 | $12,149 |
+ 11 unpaid officers/directors as reported (ARTIE CIPOLETTI, CHRIS BROWN, DON SACCO JR, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Gec Contracting Inc ST JAMES, NY | LOCKER ROOM CONTRUCTION | $316,071 |
| Cp Tennis Inc BAY SHORE, NY | LESSONS | $296,291 |
| Elite Pool And Fitness Management Inc FLUSHING, NY | Pool & racquet | $174,011 |
| Legacy Lockers DALLAS, TX | LOCKER ROOM CONTRUCTION | $131,853 |
| Court Pro MADISON, CT | Construction & renovation | $128,164 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $5,959,085 |
| CAPITAL ASSESSMENTS | $1,090,296 |
| INITIATION FEES | $512,575 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$423K
▼ $10K paid down
Net land, buildings & equipment
$12.1M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $328,173 |
| Occupancy | $704,293 |
| Depreciation & depletion | $896,079 |
| Information technology | $59,012 |
| Office expenses | $58,792 |
| Legal fees | $15,568 |
| Accounting fees | $31,441 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SOUTHWARD HO COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST
pension · 68 participants · $4.4M assets · FY2024
SFounded in 1942, Southward Ho Country Club Inc reported $12.50M of revenue for FY23, at an operating margin of 9.8%. Revenue moved up 12.7% 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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