LBON501(c)(7) · MEDIUMNAICS 713910EIN 35-0477550
Long Beach Country Club
Long Beach, IN · founded 1971
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.44M
▲ 23.5% YoY
FY23 Total Expenses
$3.95M
▲ 8.6% YoY
Operating Margin
27.4%
revenue minus expenses ÷ revenue
Employees
121
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.4M
▲ 72.1% / 5y
Expenses
$4.0M
▲ 27.6% / 5y
Total Assets
$8.0M
▲ 56.0% / 5y
Total Liabilities
$2.5M
▼ 20.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.2M | $4.3M | $4.3M | $4.4M | $5.4M | +72.1% |
| Expenses | $3.1M | $3.3M | $3.3M | $3.6M | $4.0M | +27.6% |
| Net surplus | $66K | $1.0M | $1.0M | $766K | $1.5M | +2169.7% |
| Total assets | $5.1M | $6.2M | $6.2M | $6.9M | $8.0M | +56.0% |
| Total liabilities | $3.2M | $3.0M | $3.0M | $3.0M | $2.5M | -20.4% |
| Net assets | $1.9M | $3.2M | $3.2M | $4.0M | $5.5M | +181.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ANNETTE CORBETT General Manager· 40h/wk | $150,116 | — |
BRIAN GODFREY Head Golf Professional· 40h/wk | $140,192 | — |
+ 11 unpaid officers/directors as reported (BOB CLARK, BRIAN HOGAN, CJ DEMPSEY, +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 |
|---|---|
| PROGRAM SERVICE REVENUE | $421,997 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$5.2M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $66,654 |
| Depreciation & depletion | $376,953 |
| Information technology | $67,370 |
| Advertising & promotion | $14,696 |
| Office expenses | $13,077 |
| Legal fees | $7,906 |
| Accounting fees | $18,270 |
| Other professional fees | $175,040 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LONG BEACH COUNTRY CLUB 401(K) PLAN
pension · 15 participants · $688K assets · FY2024
LFounded in 1971, Long Beach Country Club reported $5.44M of revenue for FY23, at an operating margin of 27.4%. Revenue moved up 23.5% 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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