CORN501(c)(7) · MEDIUMNAICS 713910EIN 16-0393420
Corning Country Club Inc
Corning, NY · founded 1953
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$2.76M
▲ 4.7% YoY
FY24 Total Expenses
$2.72M
▲ 9.4% YoY
Operating Margin
1.4%
revenue minus expenses ÷ revenue
Employees
116
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$2.8M
▲ 1.9% / 5y
Expenses
$2.7M
▲ 12.7% / 5y
Total Assets
$2.6M
▲ 103.7% / 5y
Total Liabilities
$903K
▲ 83.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.9M | $2.9M | $2.6M | $2.8M | +1.9% |
| Expenses | $2.4M | $2.2M | $2.2M | $2.5M | $2.7M | +12.7% |
| Net surplus | $295K | $665K | $665K | $151K | $39K | -86.6% |
| Total assets | $1.3M | $2.0M | $2.0M | $2.1M | $2.6M | +103.7% |
| Total liabilities | $491K | $523K | $523K | $499K | $903K | +83.8% |
| Net assets | $766K | $1.5M | $1.5M | $1.6M | $1.7M | +116.6% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JEFFREY THOMAS General Manager· 40h/wk | $145,696 | $19,905 |
+ 11 unpaid officers/directors as reported (BRIAN HARRIS, JAKE SHEEHAN, JAKE WRIGHT, +8 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES, ASSESSMENTS & IN | $1,357,284 |
| RESTURANT & BAR | $1,023,058 |
| GREEN FEES | $190,834 |
| GOLF CART RENTAL | $132,649 |
| POOL AND TENNIS | $8,433 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$500K
▲ $213K new borrowing
Net land, buildings & equipment
$809K
book value, net of depreciation
Facility age
48%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $81,445 |
| Occupancy | $167,802 |
| Depreciation & depletion | $79,067 |
| Information technology | $21,999 |
| Advertising & promotion | $994 |
| Office expenses | $65,497 |
| Accounting fees | $6,750 |
| Other professional fees | $9,812 |
CFounded in 1953, Corning Country Club Inc reported $2.76M of revenue for FY24, at an operating margin of 1.4%. Revenue moved up 4.7% 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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