KSEN501(c)(7) · MEDIUMNAICS 713910EIN 23-0754140
Kennet Square Golf & Country Club
Kennett Sq, PA · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.94M
▲ 11.8% YoY
FY23 Total Expenses
$5.30M
▲ 7.1% YoY
Operating Margin
10.8%
revenue minus expenses ÷ revenue
Employees
258
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.9M
▲ 57.4% / 5y
Expenses
$5.3M
▲ 46.3% / 5y
Total Assets
$12.9M
▲ 64.2% / 5y
Total Liabilities
$9.1M
▲ 55.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.8M | $4.7M | $4.7M | $5.3M | $5.9M | +57.4% |
| Expenses | $3.6M | $4.1M | $4.1M | $4.9M | $5.3M | +46.3% |
| Net surplus | $153K | $634K | $634K | $370K | $642K | +319.7% |
| Total assets | $7.9M | $11.9M | $11.9M | $12.6M | $12.9M | +64.2% |
| Total liabilities | $5.8M | $9.0M | $9.0M | $9.3M | $9.1M | +55.3% |
| Net assets | $2.0M | $2.9M | $2.9M | $3.3M | $3.8M | +89.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL STEAD Golf Course Superintendent· 40h/wk | $207,520 | $7,551 |
SAUL SCHWARTZ CLUBHOUSE GENERAL MANAGER· 40h/wk | $175,558 | — |
+ 4 unpaid officers/directors as reported (DAVID EGAN, DON BURICH, JEFF HANNA, +1 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 | $5,053,295 |
| GOLF & CART FEES | $501,373 |
| INITIATION FEES | $240,900 |
| SPECIAL FUND INCOME | $194,375 |
| MEMBER GUEST INCOME | $75,416 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.6M
▼ $166K paid down
Net land, buildings & equipment
$8.1M
book value, net of depreciation
Facility age
55%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $121,796 |
| Occupancy | $136,239 |
| Depreciation & depletion | $752,854 |
| Office expenses | $27,558 |
| Legal fees | $9,393 |
| Accounting fees | $15,800 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
KENNETT SQUARE GOLF & COUNTRY CLUB 401(K) PLAN
pension · 42 participants · $1.6M assets · FY2024
KFounded in 1945, Kennet Square Golf & Country Club reported $5.94M of revenue for FY23, at an operating margin of 10.8%. Revenue moved up 11.8% 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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