CHIK501(c)(7) · MEDIUMNAICS 713910EIN 38-0417920
Chikaming Country Club
Lakeside, MI · founded 1942
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.40M
▲ 18.4% YoY
FY23 Total Expenses
$3.11M
▲ 10.5% YoY
Operating Margin
8.6%
revenue minus expenses ÷ revenue
Employees
89
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.4M
▲ 34.2% / 5y
Expenses
$3.1M
▲ 33.8% / 5y
Total Assets
$7.0M
▲ 47.8% / 5y
Total Liabilities
$1.4M
▲ 251.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.5M | $3.1M | $3.1M | $2.9M | $3.4M | +34.2% |
| Expenses | $2.3M | $2.5M | $2.5M | $2.8M | $3.1M | +33.8% |
| Net surplus | $209K | $644K | $644K | $59K | $292K | +39.7% |
| Total assets | $4.7M | $5.5M | $5.5M | $6.6M | $7.0M | +47.8% |
| Total liabilities | $385K | $158K | $158K | $1.3M | $1.4M | +251.6% |
| Net assets | $4.4M | $5.3M | $5.3M | $5.4M | $5.7M | +29.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Richard Dewling General Manager· 40h/wk | $137,404 | — |
Eric Rank Golf Course Superi· 40h/wk | $114,509 | — |
+ 9 unpaid officers/directors as reported (ANNE SIDRYS, BEN SHAPIRO, HENRY LANG, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| John Phillips Harbert, MI | Management services | $162,476 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Greens Fees | $171,881 |
| Service Charges | $109,264 |
| Minimum Charges | $16,016 |
| Miscellaneous Income | $9,969 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$463K
▲ $392K new borrowing
Net land, buildings & equipment
$4.9M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $45,515 |
| Occupancy | $83,645 |
| Depreciation & depletion | $303,540 |
| Information technology | $18,920 |
| Advertising & promotion | $0 |
| Office expenses | $4,442 |
| Legal fees | $18,283 |
| Accounting fees | $8,775 |
| Other professional fees | $88,000 |
CFounded in 1942, Chikaming Country Club reported $3.40M of revenue for FY23, at an operating margin of 8.6%. Revenue moved up 18.4% 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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