PURC501(c)(7) · MEDIUMNAICS 713910EIN 13-3863688
Golf Club Of Purchase Inc
Purchase, NY · founded 1999
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.86M
▲ 16.6% YoY
FY23 Total Expenses
$7.44M
▲ 5.6% YoY
Operating Margin
-8.6%
revenue minus expenses ÷ revenue
Employees
73
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.9M
▲ 7.6% / 5y
Expenses
$7.4M
▲ 1.5% / 5y
Total Assets
$37.6M
▼ 3.7% / 5y
Total Liabilities
$1.9M
▼ 90.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.4M | $5.6M | $5.3M | $5.9M | $6.9M | +7.6% |
| Expenses | $7.3M | $6.6M | $5.6M | $7.1M | $7.4M | +1.5% |
| Net surplus | -$961K | -$1.0M | -$225K | -$1.2M | -$587K | -39.0% |
| Total assets | $39.0M | $37.6M | $35.6M | $35.3M | $37.6M | -3.7% |
| Total liabilities | $18.9M | $18.4M | $16.3M | $1.5M | $1.9M | -90.2% |
| Net assets | $20.1M | $19.2M | $19.3M | $33.8M | $35.7M | +77.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CARL ALEXANDER Director of Golf· 50h/wk | $532,685 | $30,000 |
SOPHIE MOND General Manager· 50h/wk | $278,558 | $13,418 |
AARON CROUSE Golf Course Superintendent· 50h/wk | $250,692 | $7,244 |
NIKI LACERDA Controller· 45h/wk | $163,154 | $950 |
+ 10 unpaid officers/directors as reported (ISAAC ZION, JOHN MACK, LEONARD BOXER, +7 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 |
|---|---|
| MEMBER DUES | $6,546,454 |
| GREENS FEES AND CART RENTALS | $629,071 |
| INITIATION FEES | $30,000 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$33.8M
book value, net of depreciation
Facility age
45%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $105,341 |
| Insurance | $215,778 |
| Occupancy | $491,416 |
| Depreciation & depletion | $1,204,496 |
| Information technology | $73,604 |
| Advertising & promotion | $18,591 |
| Office expenses | $192,056 |
| Legal fees | $7,275 |
| Accounting fees | $24,902 |
| Other professional fees | $38,148 |
GFounded in 1999, Golf Club Of Purchase Inc reported $6.86M of revenue for FY23, at an operating margin of -8.6%. Revenue moved up 16.6% 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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