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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

OOLD501(c)(7) · MEDIUMNAICS 713910EIN 13-1723545

Old Oaks Country Club Inc

Purchase, NY · founded 1937

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$14.66M

▼ 6.1% YoY

FY23 Total Expenses

$17.70M

▲ 10.5% YoY

Operating Margin

-20.7%

revenue minus expenses ÷ revenue

Employees

175

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$14.7M

▲ 24.2% / 5y

Expenses

$17.7M

▲ 45.2% / 5y

Total Assets

$3.8M

▲ 36.8% / 5y

Total Liabilities

$11.5M

▲ 36.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$11.8M	$14.0M	$14.0M	$15.6M	$14.7M	+24.2%
Expenses	$12.2M	$12.6M	$12.6M	$16.0M	$17.7M	+45.2%
Net surplus	-$381K	$1.4M	$1.4M	-$401K	-$3.0M	+697.2%
Total assets	$2.8M	$3.7M	$3.7M	$3.7M	$3.8M	+36.8%
Total liabilities	$8.4M	$8.0M	$8.0M	$8.4M	$11.5M	+36.5%
Net assets	-$5.7M	-$4.3M	-$4.3M	-$4.7M	-$7.8M	+36.4%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
IWONA STERK General Manager· 40h/wk	$371,560	$60,025
DANIEL COCHRANE Director of Racquets· 40h/wk	$278,994	$7,459
NICHOLAS MASELLI Head Golf Professional· 40h/wk	$251,604	$36,032
JASON ANDERSON Golf Course Superintendent· 40h/wk	$241,625	$16,524
DEBRA MANUELE Controller· 40h/wk	$167,099	$40,851
ZSOFIA NAGY HR DIRECTOR/ASST TO GM· 40h/wk	$130,411	$28,067
JOHN MENZ Executive Chef· 40h/wk	$125,705	$7,278

+ 17 unpaid officers/directors as reported (ADAM SCHUR, ANDREW WEINBERG, CHARLES CALMLAN, +14 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	$8,487,345
CAPITAL ASSESSMENTS	$1,595,325
INITIATION FEES	$654,567

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$10.3M

▲ $3.3M new borrowing

Net land, buildings & equipment

book value, net of depreciation

Facility age

—

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	$465,516
Occupancy	$995,454
Office expenses	$162,431
Legal fees	$26,118
Accounting fees	$38,000
Other professional fees	$801,555

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 OAKS COUNTRY CLUB 401(K) PLAN

pension · 28 participants · $3.0M 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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Bartenders Purchase, NY	$58K	3	Apr 2025 → Nov 2025
Waiters and Waitresses Purchase, NY	$51K	20	Apr 2025 → Nov 2025
Cooks, Restaurant Purchase, NY	$42K	7	Apr 2025 → Nov 2025
Amusement and Recreation Attendants Purchase, NY	$36K	7	Apr 2025 → Nov 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

OFounded in 1937, Old Oaks Country Club Inc reported $14.66M of revenue for FY23, at an operating margin of -20.7%. Revenue moved down 6.1% 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 Thu Nov 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Wed Nov 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Tue Nov 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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