NITT501(c)(7) · MEDIUMNAICS 713910EIN 24-0676020
Nittany Country Club
Mingoville, PA · founded 1998
10 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$500k
▲ 6.7% YoY
FY23 Total Expenses
$537k
▲ 16.5% YoY
Operating Margin
-7.4%
revenue minus expenses ÷ revenue
Employees
30
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$500K
▲ 24.8% / 5y
Expenses
$537K
▲ 25.0% / 5y
Total Assets
$764K
▼ 10.4% / 5y
Total Liabilities
$422K
▼ 13.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $401K | $401K | $450K | $469K | $500K | +24.8% |
| Expenses | $430K | $430K | $445K | $461K | $537K | +25.0% |
| Net surplus | -$29K | -$29K | $5K | $8K | -$37K | +28.1% |
| Total assets | $852K | $852K | $807K | $792K | $764K | -10.4% |
| Total liabilities | $485K | $485K | $429K | $414K | $422K | -13.1% |
| Net assets | $367K | $367K | $378K | $378K | $342K | -6.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ANDREW GRIM Head Golf Professional· 50h/wk | $36,072 | — |
Golf Course Superintendent· 40h/wk | $30,005 | — |
MICHAEL PRICE Executive Chef· 40h/wk | $27,165 | — |
SARA FLETCHER Board Treasurer· 15h/wk | $11,375 | — |
+ 11 unpaid officers/directors as reported (BARBARA ROBERTS, BARRY REESE, BRADLEY FRITCHMAN, +8 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 |
|---|---|
| GOLF AND POOL ACTIVITY | $121,425 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$352K
▼ $15K paid down
Net land, buildings & equipment
$691K
book value, net of depreciation
Facility age
62%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $9,000 |
| Insurance | $19,234 |
| Occupancy | $56,340 |
| Depreciation & depletion | $51,699 |
| Information technology | $12,463 |
| Advertising & promotion | $0 |
| Office expenses | $2,498 |
| Legal fees | $0 |
| Accounting fees | $6,000 |
| Other professional fees | $6,339 |
NFounded in 1998, Nittany Country Club reported $500k of revenue for FY23, at an operating margin of -7.4%. Revenue moved up 6.7% 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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