KCIN501(c)(7) · MEDIUMNAICS 713910EIN 51-0318526
Kings Creek Country Club Inc
Rehoboth, DE · founded 1991
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$7.55M
▲ 18.6% YoY
FY24 Total Expenses
$6.68M
▲ 4.9% YoY
Operating Margin
11.5%
revenue minus expenses ÷ revenue
Employees
181
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$7.5M
▲ 57.5% / 5y
Expenses
$6.7M
▲ 64.2% / 5y
Total Assets
$19.8M
▲ 13.7% / 5y
Total Liabilities
$7.4M
▼ 7.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $4.8M | $7.9M | $6.4M | $7.5M | +57.5% |
| Expenses | $4.1M | $4.1M | $5.5M | $6.4M | $6.7M | +64.2% |
| Net surplus | $724K | $724K | $2.4M | -$2K | $867K | +19.8% |
| Total assets | $17.4M | $17.4M | $19.4M | $19.6M | $19.8M | +13.7% |
| Total liabilities | $8.0M | $8.0M | $7.8M | $8.1M | $7.4M | -7.4% |
| Net assets | $9.4M | $9.4M | $11.7M | $11.6M | $12.3M | +31.8% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MARK HASCHEMEYER Golf Course Superintendent· 50h/wk | $170,039 | $16,622 |
PHILIP LAMBERT Executive Chef· 50h/wk | $151,899 | $16,094 |
CYNTHIA SMITH WELLNESS DIRECTOR· 50h/wk | $115,037 | $11,067 |
DERRICK GERARD Assistant General Manager· 50h/wk | $110,578 | $7,961 |
KEVIN WIEST Head Golf Professional· 50h/wk | $109,391 | $24,812 |
+ 9 unpaid officers/directors as reported (BRIAN SIMMONS, DAWN DUPRE, ED ENGLES, +6 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND AS | $5,873,112 |
| INITIATION FEES | $904,422 |
| GREEN AND CARTS | $891,092 |
| LOCKER, BAG STORAGE, A | $114,392 |
| TRAIL FEES | $97,100 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$6.3M
▼ $274K paid down
Net land, buildings & equipment
$16.9M
book value, net of depreciation
Facility age
39%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $139,716 |
| Occupancy | $206,572 |
| Depreciation & depletion | $1,211,078 |
| Office expenses | $39,445 |
| Accounting fees | $26,400 |
KFounded in 1991, Kings Creek Country Club Inc reported $7.55M of revenue for FY24, at an operating margin of 11.5%. Revenue moved up 18.6% 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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