BUFF501(c)(7) · MEDIUMNAICS 713910EIN 16-0394390
Country Club Of Buffalo
Williamsville, NY · founded 1958
12 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.43M
▲ 6.4% YoY
FY23 Total Expenses
$6.93M
▲ 11.9% YoY
Operating Margin
6.8%
revenue minus expenses ÷ revenue
Employees
338
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.4M
▲ 22.1% / 5y
Expenses
$6.9M
▲ 20.9% / 5y
Total Assets
$17.5M
▲ 27.0% / 5y
Total Liabilities
$7.7M
▲ 22.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.1M | $6.6M | $6.6M | $7.0M | $7.4M | +22.1% |
| Expenses | $5.7M | $5.7M | $5.7M | $6.2M | $6.9M | +20.9% |
| Net surplus | $354K | $883K | $883K | $797K | $504K | +42.2% |
| Total assets | $13.8M | $13.7M | $13.7M | $18.3M | $17.5M | +27.0% |
| Total liabilities | $6.3M | $5.1M | $5.1M | $9.0M | $7.7M | +22.3% |
| Net assets | $7.5M | $8.6M | $8.6M | $9.3M | $9.8M | +30.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
NICHOLAS MARKEL GENERAL MANAGER/COO· 50h/wk | $293,872 | $32,297 |
JOSEPH J PIAZZA EXECUTIVE CHIEF· 50h/wk | $184,587 | $26,832 |
ANTHONY TOSH Golf Course Superintendent· 50h/wk | $152,060 | $14,749 |
JOHN A SUTHERLAND Head Golf Professional· 50h/wk | $146,256 | $24,649 |
KATHYRN A CIPRESSO CPA Chief Financial Officer· 50h/wk | $130,821 | $23,345 |
+ 13 unpaid officers/directors as reported (CYNTHIA VANCE, DAVID B BEATON, EVAN SMITH, +10 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 AND ASSESSMENTS | $6,573,459 |
| GOLF | $993,748 |
| OTHER SPORTS AND RECREATION | $342,814 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$11.9M
book value, net of depreciation
Facility age
58%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $169,582 |
| Depreciation & depletion | $1,053,632 |
| Information technology | $48,432 |
| Office expenses | $30,144 |
| Legal fees | $20,467 |
| Accounting fees | $22,000 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
COUNTRY CLUB OF BUFFALO 401(K) RETIREMENT PLAN
pension · 69 participants · $5.8M assets · FY2024
CFounded in 1958, Country Club Of Buffalo reported $7.43M of revenue for FY23, at an operating margin of 6.8%. Revenue moved up 6.4% 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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