EDGE501(c)(7) · MEDIUMNAICS 713910EIN 38-1907097
Edgewood Country Club
Commerce Twp, MI · founded 1988
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.64M
▼ 11.5% YoY
FY23 Total Expenses
$4.95M
▲ 0.1% YoY
Operating Margin
12.2%
revenue minus expenses ÷ revenue
Employees
192
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.6M
▲ 27.5% / 5y
Expenses
$5.0M
▲ 22.3% / 5y
Total Assets
$10.8M
▲ 76.5% / 5y
Total Liabilities
$4.5M
▲ 30.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.4M | $5.0M | $5.0M | $6.4M | $5.6M | +27.5% |
| Expenses | $4.0M | $4.4M | $4.4M | $4.9M | $5.0M | +22.3% |
| Net surplus | $374K | $564K | $564K | $1.4M | $688K | +84.1% |
| Total assets | $6.1M | $6.9M | $6.9M | $8.3M | $10.8M | +76.5% |
| Total liabilities | $3.4M | $2.7M | $2.7M | $2.6M | $4.5M | +30.2% |
| Net assets | $2.7M | $4.2M | $4.2M | $5.6M | $6.3M | +136.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRIAN BACH General Manager· 40h/wk | $123,300 | — |
JAMIL BARQAWI Executive Chef· 40h/wk | $110,033 | — |
+ 7 unpaid officers/directors as reported (DON GREGORY, KEVIN BERNYS, MARK STEINBERG, +4 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 |
|---|---|
| MEMBER FEES | $1,006,808 |
| NON-MEMBER FEES | $47,329 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.3M
▲ $1.5M new borrowing
Net land, buildings & equipment
$9.1M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $77,676 |
| Depreciation & depletion | $277,839 |
| Advertising & promotion | $31,089 |
| Accounting fees | $29,373 |
EFounded in 1988, Edgewood Country Club reported $5.64M of revenue for FY23, at an operating margin of 12.2%. Revenue moved down 11.5% 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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