PGIN501(c)(7) · MEDIUMNAICS 713910EIN 38-0930015
Pine Grove Country Club
Iron Mountain, MI · founded 1947
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.88M
▲ 40.5% YoY
FY23 Total Expenses
$2.34M
▲ 19.0% YoY
Operating Margin
18.7%
revenue minus expenses ÷ revenue
Employees
85
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.9M
▲ 69.4% / 5y
Expenses
$2.3M
▲ 46.9% / 5y
Total Assets
$4.9M
▲ 29.2% / 5y
Total Liabilities
$2.5M
▲ 14.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.7M | $1.7M | $2.1M | $2.0M | $2.9M | +69.4% |
| Expenses | $1.6M | $1.6M | $1.8M | $2.0M | $2.3M | +46.9% |
| Net surplus | $106K | $106K | $313K | $82K | $538K | +406.1% |
| Total assets | $3.8M | $3.8M | $4.0M | $4.2M | $4.9M | +29.2% |
| Total liabilities | $2.2M | $2.2M | $2.2M | $2.4M | $2.5M | +14.9% |
| Net assets | $1.6M | $1.6M | $1.8M | $1.9M | $2.4M | +48.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (BRIAN WATT, JEFF CAMPBELL, MARK PICUCCI, +3 more)
All 6 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| FOOD AND BAR SALES-MEMBER | $915,520 |
| MEMBER DUES | $764,510 |
| PRO SHOP SALES-MEMBER | $194,857 |
| ASSESSMENTS AND MISC FEES | $194,600 |
| GREEN FEES/RENTALS-MEMBER | $107,746 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$2.7M
book value, net of depreciation
Facility age
61%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $32,018 |
| Occupancy | $87,712 |
| Depreciation & depletion | $213,079 |
| Advertising & promotion | $3,531 |
| Accounting fees | $2,953 |
PFounded in 1947, Pine Grove Country Club reported $2.88M of revenue for FY23, at an operating margin of 18.7%. Revenue moved up 40.5% 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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