Club Index›SC›SECE

MoreRankings The Ledger Methodpublic IRS Form 990 records

The Annual Register

Country Club Intel

The Annual Register

Country Club Intel

Data from public IRS Form 990 · ProPublica Nonprofit Explorer

SECE501(c)(7) · MEDIUMNAICS 713910EIN 26-0178692

Secession Golf Club Inc

Beaufort, SC · founded 2008

12 filings on recordFY 2012–2023medium confidence

Compare to peers →

FY23 Total Revenue

$10.67M

▲ 16.7% YoY

FY23 Total Expenses

$8.68M

▲ 7.6% YoY

Operating Margin

18.7%

revenue minus expenses ÷ revenue

Employees

146

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.7M

▲ 46.4% / 5y

Expenses

$8.7M

▲ 37.2% / 5y

Total Assets

$24.3M

▲ 30.0% / 5y

Total Liabilities

$8.2M

▼ 1.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.3M	$9.7M	$9.7M	$9.1M	$10.7M	+46.4%
Expenses	$6.3M	$7.2M	$7.2M	$8.1M	$8.7M	+37.2%
Net surplus	$962K	$2.5M	$2.5M	$1.1M	$2.0M	+107.1%
Total assets	$18.7M	$21.3M	$21.3M	$22.4M	$24.3M	+30.0%
Total liabilities	$8.3M	$8.2M	$8.2M	$8.3M	$8.2M	-1.1%
Net assets	$10.4M	$13.1M	$13.1M	$14.1M	$16.1M	+54.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MARK MITCHELL GOLF COURSE SUPERINTENDANT· 40h/wk	$327,141	—
DARRIN HELFRICK General Manager· 40h/wk	$283,761	—
KORY REITZ Director of Golf· 40h/wk	$233,158	—
MARK SOLOW Board President· 20h/wk	$37,376	—

+ 8 unpaid officers/directors as reported (ANDREW A LUCKEY, BILL MUCKIAN, BOB LOFTUS, +5 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Quinn Marine Construction BEAUFORT, SC	Construction & renovation	$878,450
Southern Roof And Wood Care Corp HARDEEVILLE, SC	Construction & renovation	$334,230
Blue Crossblue Shield Of Sc COLUMBIA, SC	Professional services	$332,687
Turf Drainage INDIANTOWN, FL	DRAINAGE	$310,328
Environmental Solutions YARMOUTH, ME	ENVIRONMENTAL	$233,864

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
DUES	$4,809,698
GOLF SHOP, TOURNAMENETS AND CADDY	$3,562,605
CLUBHOUSE AND ACCOMODATIONS	$869,935

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$13.9M

book value, net of depreciation

Facility age

46%

accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$210,067
Occupancy	$191,381
Depreciation & depletion	$866,957
Office expenses	$91,085
Other professional fees	$129,420

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

SECESSION GOLF CLUB INC. 401(K) PROFIT SHARING PLAN AND TRUST

pension · 70 participants · $2.2M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

SFounded in 2008, Secession Golf Club Inc reported $10.67M of revenue for FY23, at an operating margin of 18.7%. Revenue moved up 16.7% 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

▸ Form 990, FY2023 · period ending Fri Jun 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Wed Jun 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

+ 9 more · via ProPublica

The Quarterly · free