GMUL501(c)(7) · MEDIUMNAICS 713910EIN 23-0661370
Gulph Mills Golf Club
Kng Of Prussa, PA · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.34M
▲ 60.9% YoY
FY23 Total Expenses
$4.43M
▲ 4.7% YoY
Operating Margin
39.7%
revenue minus expenses ÷ revenue
Employees
76
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.3M
▲ 104.5% / 5y
Expenses
$4.4M
▲ 29.1% / 5y
Total Assets
$14.7M
▲ 62.5% / 5y
Total Liabilities
$1.6M
▲ 381.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.6M | $4.5M | $4.5M | $4.6M | $7.3M | +104.5% |
| Expenses | $3.4M | $3.8M | $3.8M | $4.2M | $4.4M | +29.1% |
| Net surplus | $163K | $694K | $694K | $336K | $2.9M | +1694.8% |
| Total assets | $9.0M | $12.1M | $12.1M | $12.1M | $14.7M | +62.5% |
| Total liabilities | $336K | $2.2M | $2.2M | $1.9M | $1.6M | +381.0% |
| Net assets | $8.7M | $9.8M | $9.8M | $10.2M | $13.1M | +50.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MATTHEW ROGERS Golf Course Superintendent· 50h/wk | $183,723 | — |
THOMAS GILBERT Head Golf Professional· 50h/wk | $165,434 | — |
TERRENCE S FEENEY General Manager· 50h/wk | $133,100 | — |
+ 15 unpaid officers/directors as reported (ALLISON FLEITAS, ELEANOR GOOD, ELIZABETH CAHILL, +12 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 |
|---|---|
| DUES & ASSESSMENTS | $5,687,133 |
| INITIATION FEES | $739,034 |
| GREEN, CART, & RANGE F | $611,726 |
| OTHER ACTIVITIES | $51,118 |
| LOCKER & RENTALS | $10,375 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.2M
▼ $262K paid down
Net land, buildings & equipment
$11.0M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $79,800 |
| Occupancy | $169,555 |
| Depreciation & depletion | $646,207 |
| Office expenses | $14,600 |
| Accounting fees | $21,950 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
GULPH MILLS GOLF CLUB 401(K) PLAN
pension · 46 participants · $3.1M assets · FY2024
GFounded in 1934, Gulph Mills Golf Club reported $7.34M of revenue for FY23, at an operating margin of 39.7%. Revenue moved up 60.9% 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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