MLED501(c)(7) · MEDIUMNAICS 713910EIN 21-0512300
Medford Lakes Country Club
Medford, NJ · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.36M
▲ 37.8% YoY
FY23 Total Expenses
$2.54M
▲ 42.8% YoY
Operating Margin
24.3%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.4M
▲ 119.6% / 5y
Expenses
$2.5M
▲ 59.2% / 5y
Total Assets
$2.8M
▲ 177.3% / 5y
Total Liabilities
$2.3M
▲ 3.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.4M | $1.4M | $2.4M | $3.4M | +119.6% |
| Expenses | $1.6M | $1.6M | $1.6M | $1.8M | $2.5M | +59.2% |
| Net surplus | -$68K | -$168K | -$168K | $654K | $814K | -1298.8% |
| Total assets | $1.0M | $1.4M | $1.4M | $2.6M | $2.8M | +177.3% |
| Total liabilities | $2.2M | $2.8M | $2.8M | $2.7M | $2.3M | +3.7% |
| Net assets | -$1.2M | -$1.4M | -$1.4M | -$131K | $524K | -143.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (Biran Summerville, Donald Willer, James Fairbanks, +5 more)
All 8 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| Dues and Assessments | $1,976,213 |
| Other | $258,378 |
| Greens Fees | $187,355 |
| Golf Cart Rentals | $151,722 |
| Locker Rentals | $12,750 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.1M
▼ $231K paid down
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
85%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $113,906 |
| Occupancy | $115,681 |
| Depreciation & depletion | $154,883 |
| Advertising & promotion | $873 |
| Office expenses | $56,480 |
| Legal fees | $35,590 |
| Other professional fees | $5,000 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MEDFORD LAKES COUNTRY CLUB 401(K) PLAN
pension · 54 participants · $106K assets · FY2024
MFounded in 1959, Medford Lakes Country Club reported $3.36M of revenue for FY23, at an operating margin of 24.3%. Revenue moved up 37.8% 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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