BERK501(c)(7) · MEDIUMNAICS 713910EIN 23-0404700
Berkshire Country Club
Reading, PA · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.48M
▲ 4.1% YoY
FY23 Total Expenses
$4.63M
▲ 20.2% YoY
Operating Margin
-3.4%
revenue minus expenses ÷ revenue
Employees
192
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 6.5% / 5y
Expenses
$4.6M
▲ 11.3% / 5y
Total Assets
$12.5M
▲ 16.8% / 5y
Total Liabilities
$7.3M
▲ 8.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.2M | $4.7M | $4.7M | $4.3M | $4.5M | +6.5% |
| Expenses | $4.2M | $4.1M | $4.1M | $3.9M | $4.6M | +11.3% |
| Net surplus | $43K | $584K | $584K | $449K | -$154K | -459.7% |
| Total assets | $10.7M | $11.8M | $11.8M | $11.5M | $12.5M | +16.8% |
| Total liabilities | $6.7M | $6.9M | $6.9M | $6.1M | $7.3M | +8.7% |
| Net assets | $4.0M | $4.9M | $4.9M | $5.3M | $5.2M | +30.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL BOVENZI GENERAL MANAGER/COO· 40h/wk | $165,951 | $7,575 |
+ 9 unpaid officers/directors as reported (CAROL WELLS, HEIDI MASANO, JACQUES JACOBSON, +6 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 & ASSE | $4,395,437 |
| GREENS & CART FEES | $692,255 |
| INITIATION FEES | $74,500 |
| POOL, TENNIS, & CAMP | $69,548 |
| LOCKER RENTALS | $41,354 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.6M
▲ $152K new borrowing
Net land, buildings & equipment
$7.5M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $102,514 |
| Occupancy | $383,915 |
| Depreciation & depletion | $498,382 |
| Information technology | $71,223 |
| Office expenses | $59,339 |
| Accounting fees | $24,700 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE BERKSHIRE COUNTRY CLUB OF READING, PENNSYLVANIA EMPLOYEE BENEFIT PLAN
welfare · 37 participants · FY2024
BERKSHIRE COUNTRY CLUB 401(K) PLAN
pension · 50 participants · $1.1M assets · FY2024
| Service provider | Paid |
|---|---|
| Patriot (Power-Kunkle Group, Inc.) | $15,893 |
| The Benecon Group | $10,837 |
BFounded in 1941, Berkshire Country Club reported $4.48M of revenue for FY23, at an operating margin of -3.4%. Revenue moved up 4.1% 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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