ATLA501(c)(7) · MEDIUMNAICS 713910EIN 13-3491367
Atlantic Golf Club Inc
Bridgehampton, NY · founded 1989
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$15.09M
▲ 24.1% YoY
FY23 Total Expenses
$11.29M
▲ 5.3% YoY
Operating Margin
25.2%
revenue minus expenses ÷ revenue
Employees
104
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$15.1M
▲ 60.0% / 5y
Expenses
$11.3M
▲ 27.1% / 5y
Total Assets
$43.3M
▲ 15.9% / 5y
Total Liabilities
$6.5M
▲ 64.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.4M | $9.4M | $9.4M | $12.2M | $15.1M | +60.0% |
| Expenses | $8.9M | $9.3M | $9.3M | $10.7M | $11.3M | +27.1% |
| Net surplus | $552K | $10K | $10K | $1.4M | $3.8M | +589.5% |
| Total assets | $37.4M | $37.4M | $37.4M | $39.8M | $43.3M | +15.9% |
| Total liabilities | $4.0M | $4.3M | $4.3M | $5.7M | $6.5M | +64.1% |
| Net assets | $33.4M | $33.1M | $33.1M | $34.1M | $36.8M | +10.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
RICHARD E HARTMANN Head Golf Professional· 40h/wk | $645,445 | $37,380 |
SCOTT KLOSTER General Manager· 40h/wk | $399,502 | $55,297 |
ANTHONY J STALTERS Golf Course Superintendent· 40h/wk | $264,402 | $24,163 |
VERONIKA SEMSAKOVA Controller· 40h/wk | $156,189 | $38,998 |
DARRYL FORD Executive Chef· 40h/wk | $153,363 | $46,125 |
COREY LAYTON ASST. GOLF PROFESSIONAL· 40h/wk | $141,711 | $27,538 |
KAREN KOOI Assistant General Manager· 40h/wk | $136,751 | $31,139 |
+ 11 unpaid officers/directors as reported (ADAM SHAPIRO, CAMILLA LOCKER, COREY METZ, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Paul Dickinson MONTAUK, NY | TEACHING PROFESSIONAL | $152,105 |
| Renee Skidmore LLC W PALM BEACH GARDENS, FL | TEACHING PROFESSIONAL | $132,815 |
| Jose Andrade Painting HAMPTON BAYS, NY | PAINTING | $128,347 |
| Wjm Consulting LLC SAG HARBOR, NY | Management services | $125,000 |
| R&A Consulting Services LLC MURRLLES INLET, SC | Management services | $125,000 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $7,449,450 |
| INITIATION FEES | $5,075,000 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.0M
▲ $1.0M new borrowing
Net land, buildings & equipment
$35.9M
book value, net of depreciation
Facility age
39%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $222,981 |
| Occupancy | $242,690 |
| Depreciation & depletion | $1,707,552 |
| Information technology | $59,110 |
| Office expenses | $386,639 |
| Legal fees | $4,753 |
| Accounting fees | $29,753 |
| Other professional fees | $2,406 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ATLANTIC GOLF CLUB RETIREMENT PLAN
pension · 16 participants · $4.3M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Waiters and Waitresses BRIDGEHAMPTON, NY | $51K | 6 | Apr 2025 → Oct 2025 |
Landscaping and Groundskeeping Workers BRIDGEHAMPTON, NY | $45K | 12 | Apr 2025 → Nov 2025 |
Cooks, Restaurant BRIDGEHAMPTON, NY | $42K | 2 | Apr 2025 → Oct 2025 |
Amusement and Recreation Attendants BRIDGEHAMPTON, NY | $36K | 3 | Apr 2025 → Oct 2025 |
AFounded in 1989, Atlantic Golf Club Inc reported $15.09M of revenue for FY23, at an operating margin of 25.2%. Revenue moved up 24.1% 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
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