CEDA501(c)(7) · MEDIUMNAICS 713910EIN 23-0462590
Cedarbrook Country Club
Blue Bell, PA · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.59M
▲ 1.6% YoY
FY23 Total Expenses
$6.15M
▲ 7.9% YoY
Operating Margin
19.0%
revenue minus expenses ÷ revenue
Employees
266
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.6M
▲ 53.8% / 5y
Expenses
$6.1M
▲ 38.3% / 5y
Total Assets
$17.7M
▲ 97.4% / 5y
Total Liabilities
$11.3M
▲ 58.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.9M | $6.0M | $6.0M | $7.5M | $7.6M | +53.8% |
| Expenses | $4.4M | $5.2M | $5.2M | $5.7M | $6.1M | +38.3% |
| Net surplus | $490K | $854K | $854K | $1.8M | $1.4M | +194.5% |
| Total assets | $8.9M | $10.0M | $10.0M | $13.2M | $17.7M | +97.4% |
| Total liabilities | $7.1M | $6.8M | $6.8M | $8.3M | $11.3M | +58.4% |
| Net assets | $1.8M | $3.2M | $3.2M | $4.9M | $6.4M | +248.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
WILLIAM R BEISEL JR General Manager· 40h/wk | $254,444 | $18,077 |
ROBERT J IANNACCONE Executive Chef· 40h/wk | $179,795 | $16,631 |
RONALD R PINE Head Golf Professional· 40h/wk | $178,844 | $10,694 |
TIMOTHY E KELLY Golf Course Superintendent· 40h/wk | $166,869 | — |
+ 9 unpaid officers/directors as reported (AMY PETERSEN, ANDREW FREIMUTH, DAVID PIERCE, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Dale B Taylor LLC BLUFFTON, SC | Pool & racquet | $113,394 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSE | $5,609,963 |
| GREENS, CARTS, & GOLF | $1,211,507 |
| INITIATION FEES | $377,873 |
| SUMMER CAMP FEES | $118,534 |
| POOL | $45,055 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.2M
▲ $3.2M new borrowing
Net land, buildings & equipment
$12.6M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $137,339 |
| Occupancy | $353,407 |
| Depreciation & depletion | $952,812 |
| Office expenses | $32,999 |
| Accounting fees | $19,000 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CEDARBROOK COUNTRY CLUB 401(K) PLAN AND TRUST
pension · 51 participants · $1.6M assets · FY2024
CFounded in 1942, Cedarbrook Country Club reported $7.59M of revenue for FY23, at an operating margin of 19.0%. Revenue moved up 1.6% 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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