SOME501(c)(7) · MEDIUMNAICS 713910EIN 27-3423141
Somersett Country Club Inc
Reno, NV · founded 2010
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.03M
▲ 5.9% YoY
FY23 Total Expenses
$5.11M
▼ 0.2% YoY
Operating Margin
-1.6%
revenue minus expenses ÷ revenue
Employees
55
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2023 · as filed
Revenue
$5.0M
▲ 59.8% / 5y
Expenses
$5.1M
▲ 57.0% / 5y
Total Assets
$5.9M
▲ 28.1% / 5y
Total Liabilities
$1.9M
▲ 85.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.1M | $3.2M | $4.4M | $4.8M | $5.0M | +59.8% |
| Expenses | $3.3M | $3.0M | $3.8M | $5.1M | $5.1M | +57.0% |
| Net surplus | -$109K | $111K | $623K | -$369K | -$81K | -25.5% |
| Total assets | $4.6M | $4.8M | $5.8M | $6.0M | $5.9M | +28.1% |
| Total liabilities | $1.1M | $1.3M | $1.6M | $2.0M | $1.9M | +85.6% |
| Net assets | $3.5M | $3.5M | $4.1M | $4.0M | $3.9M | +11.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Stuart Smith Director-Golf· 0h/wk | $126,598 | — |
Robert Dipietro Director-Maint.· 0h/wk | $125,852 | — |
Bryan Richardson General Manager· 0h/wk | $50,969 | — |
+ 9 unpaid officers/directors as reported (Al Rogers, Bob Kunz, Brandon Games, +6 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 OPERATIONS | $3,702,332 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.4M
▼ $112K paid down
Net land, buildings & equipment
$4.5M
book value, net of depreciation
Facility age
40%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $118,918 |
| Occupancy | $0 |
| Depreciation & depletion | $349,001 |
| Information technology | $0 |
| Advertising & promotion | $59,550 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $0 |
| Other professional fees | $532 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SOMERSETT COUNTRY CLUB, INC. 401(K) PLAN
pension · 24 participants · $473K assets · FY2024
SFounded in 2010, Somersett Country Club Inc reported $5.03M of revenue for FY23, at an operating margin of -1.6%. Revenue moved up 5.9% 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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