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

Old Westbury Golf & Country Club Inc

Old Westbury, NY · founded 1967
13 filings on recordFY 20112023medium confidence
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
14.616.916.918.019.6
Expenses
$17.3M
▲ 19.7% / 5y
14.415.315.316.517.3
Total Assets
$29.2M
▲ 28.0% / 5y
22.824.624.626.029.2
Total Liabilities
$13.6M
▼ 2.1% / 5y
13.913.013.012.713.6

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
MEMBERSHIP DUES$12,623,334
INITIATION FEES$985,950

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)
+ 10 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
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