SCAR501(c)(7) · CONFIRMEDNAICS 713910EIN 13-1729685
Scarsdale Golf Club Inc
Hartsdale, NY · founded 1951
13 filings on recordFY 2011–2023high confidence
Compare to peers →FY23 Total Revenue
$13.98M
▲ 5.2% YoY
FY23 Total Expenses
$13.30M
▲ 6.0% YoY
Operating Margin
4.9%
revenue minus expenses ÷ revenue
Employees
193
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$14.0M
▲ 31.5% / 5y
Expenses
$13.3M
▲ 23.3% / 5y
Total Assets
$31.2M
▲ 37.3% / 5y
Total Liabilities
$16.8M
▲ 42.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $10.6M | $12.7M | $12.7M | $13.3M | $14.0M | +31.5% |
| Expenses | $10.8M | $11.4M | $11.4M | $12.5M | $13.3M | +23.3% |
| Net surplus | -$150K | $1.3M | $1.3M | $748K | $681K | -554.1% |
| Total assets | $22.7M | $25.0M | $25.0M | $30.5M | $31.2M | +37.3% |
| Total liabilities | $11.8M | $12.0M | $12.0M | $16.8M | $16.8M | +42.9% |
| Net assets | $11.0M | $12.9M | $12.9M | $13.7M | $14.4M | +31.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
WILLIAM MINARD GENERAL MANAGER/COO· 40h/wk | $382,328 | $50,464 |
MATTHEW SEVERINO Golf Course Superintendent· 40h/wk | $327,602 | $53,207 |
LANCE HARTY Chief Financial Officer· 40h/wk | $206,457 | $28,818 |
MICHEL LAURENT DIRECTOR OF FOOD & BEVERAGE· 40h/wk | $187,976 | $24,241 |
VICTOR ZARATE Executive Chef· 40h/wk | $169,491 | $26,527 |
MARK CESTONE DIRECTOR OF OUTSIDE OPERATIONS· 40h/wk | $116,192 | $4,074 |
ADOLFO SANCHEZ BAR & BANQUET COORDINATOR· 40h/wk | $115,531 | $11,031 |
ANNIE BROWNING FITNESS & AQUATICS DIRECTOR· 40h/wk | $110,915 | $2,916 |
+ 15 unpaid officers/directors as reported (AMIT SHASHANK, ANDREW G LASARUS, ANNE LYONS, +12 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 | $7,221,393 |
| INITIATION FEES | $1,250,655 |
| RENOVATION ASSESSMENT | $922,750 |
| CAPITAL ASSESSMENT | $695,427 |
| OPERATING ASSESSMENT | $276,821 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$8.2M
▼ $362K paid down
Net land, buildings & equipment
$21.4M
book value, net of depreciation
Facility age
56%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $104,070 |
| Occupancy | $840,995 |
| Depreciation & depletion | $1,706,555 |
| Office expenses | $97,490 |
| Legal fees | $6,104 |
| Accounting fees | $35,000 |
| Other professional fees | $584,615 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SCARSDALE GOLF CLUB, INC. 401K SAVINGS AND INVESTMENT PLAN
pension · 18 participants · $2.8M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
First-Line Supervisors of Food Preparation and Serving Workers Hartsdale, NY | $54K | 1 | Apr 2025 → Oct 2025 |
Waiters and Waitresses Hartsdale, NY | $51K | 10 | Apr 2025 → Oct 2025 |
Landscaping and Groundskeeping Workers Hartsdale, NY | $45K | 3 | Apr 2025 → Oct 2025 |
Janitors and Cleaners, Except Maids and Housekeeping Cleaners Hartsdale, NY | $44K | 3 | Apr 2025 → Oct 2025 |
Cooks, Restaurant Hartsdale, NY | $42K | 7 | Apr 2025 → Oct 2025 |
SFounded in 1951, Scarsdale Golf Club Inc reported $13.98M of revenue for FY23, at an operating margin of 4.9%. Revenue moved up 5.2% 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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