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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

OWLD501(c)(7) · MEDIUMNAICS 713910EIN 11-1967540

Old Westbury Golf & Country Club Inc

Old Westbury, NY · founded 1967

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$19.63M

▲ 9.3% YoY

FY23 Total Expenses

$17.27M

▲ 4.7% YoY

Operating Margin

12.0%

revenue minus expenses ÷ revenue

Employees

217

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$19.6M

▲ 34.3% / 5y

Expenses

$17.3M

▲ 19.7% / 5y

Total Assets

$29.2M

▲ 28.0% / 5y

Total Liabilities

$13.6M

▼ 2.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$14.6M	$16.9M	$16.9M	$18.0M	$19.6M	+34.3%
Expenses	$14.4M	$15.3M	$15.3M	$16.5M	$17.3M	+19.7%
Net surplus	$198K	$1.6M	$1.6M	$1.5M	$2.4M	+1095.8%
Total assets	$22.8M	$24.6M	$24.6M	$26.0M	$29.2M	+28.0%
Total liabilities	$13.9M	$13.0M	$13.0M	$12.7M	$13.6M	-2.1%
Net assets	$8.9M	$11.6M	$11.6M	$13.3M	$15.6M	+74.9%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
SHAUN LEWIS General Manager· 50h/wk	$409,600	$30,196
THOMAS MCAVOY Golf Course Superintendent· 50h/wk	$362,970	$34,444
MICHAEL MEEHAN Head Golf Professional· 50h/wk	$301,588	$46,156
MICHAEL D JACKSON Director of Finance· 50h/wk	$244,180	$36,409
CLIFFORD ARMUS FITNESS DIRECTOR· 50h/wk	$242,608	$15,350
RONALD J KAHN Head Tennis Professional· 50h/wk	$238,894	$157
EMMA MEOLA CATERING DIRECTOR· 50h/wk	$237,693	$15,372

+ 12 unpaid officers/directors as reported (ALAN TAUBER, ALLAN BLOOM, BEN LEVINE, +9 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
MEMBERSHIP DUES	$12,623,334
INITIATION FEES	$985,950

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$6.5M

▼ $186K paid down

Net land, buildings & equipment

$16.1M

book value, net of depreciation

Facility age

69%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$355,905
Occupancy	$1,108,471
Depreciation & depletion	$1,580,317
Information technology	$162,743
Office expenses	$204,263
Legal fees	$122,992
Accounting fees	$30,100
Other professional fees	$39,736

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

OLD WESTBURY GOLF & COUNTRY CLUB 401(K) SAVINGS PLAN

pension · 96 participants · $5.3M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

OFounded in 1967, Old Westbury Golf & Country Club Inc reported $19.63M of revenue for FY23, at an operating margin of 12.0%. Revenue moved up 9.3% 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

▸ 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)

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