NEWA501(c)(7) · MEDIUMNAICS 713910EIN 51-0035715
Newark Country Club
Newark, DE · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.99M
▲ 5.6% YoY
FY23 Total Expenses
$1.77M
▲ 10.8% YoY
Operating Margin
11.4%
revenue minus expenses ÷ revenue
Employees
96
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.0M
▲ 60.8% / 5y
Expenses
$1.8M
▲ 22.3% / 5y
Total Assets
$3.2M
▲ 374.5% / 5y
Total Liabilities
$1.6M
▼ 39.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $5.1M | $5.1M | $1.9M | $2.0M | +60.8% |
| Expenses | $1.4M | $1.9M | $1.9M | $1.6M | $1.8M | +22.3% |
| Net surplus | -$205K | $3.2M | $3.2M | $293K | $227K | -211.0% |
| Total assets | $678K | $3.0M | $3.0M | $3.1M | $3.2M | +374.5% |
| Total liabilities | $2.6M | $2.0M | $2.0M | $1.7M | $1.6M | -39.7% |
| Net assets | -$1.9M | $1.1M | $1.1M | $1.4M | $1.6M | -185.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ALEX KYOURKTCHIEV General Manager· 40h/wk | $104,000 | — |
+ 12 unpaid officers/directors as reported (ALAN WAGENSCHNUR, BOB KENNEDY, CHRIS SCHERF, +9 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 |
|---|---|
| MEMBERSHIP DUES | $1,261,154 |
| GOLF COURSE | $373,233 |
| OTHER INCOME | $6,676 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$212K
▼ $24K paid down
Net land, buildings & equipment
$473K
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $62,359 |
| Depreciation & depletion | $54,740 |
| Advertising & promotion | $5,416 |
| Office expenses | $7,707 |
| Legal fees | $40 |
| Accounting fees | $8,500 |
| Other professional fees | $5,362 |
NFounded in 1945, Newark Country Club reported $1.99M of revenue for FY23, at an operating margin of 11.4%. Revenue moved up 5.6% 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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