BCOO501(c)(7) · MEDIUMNAICS 713910EIN 54-0145640
Boonsboro Country Club Corp
Lynchburg, VA · founded 1939
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.47M
▲ 23.7% YoY
FY23 Total Expenses
$6.30M
▲ 8.6% YoY
Operating Margin
15.6%
revenue minus expenses ÷ revenue
Employees
85
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.5M
▲ 63.0% / 5y
Expenses
$6.3M
▲ 32.0% / 5y
Total Assets
$9.4M
▲ 34.4% / 5y
Total Liabilities
$4.3M
▲ 28.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $5.7M | $5.7M | $6.0M | $7.5M | +63.0% |
| Expenses | $4.8M | $5.5M | $5.5M | $5.8M | $6.3M | +32.0% |
| Net surplus | -$194K | $179K | $179K | $230K | $1.2M | -698.6% |
| Total assets | $7.0M | $8.1M | $8.1M | $8.2M | $9.4M | +34.4% |
| Total liabilities | $3.3M | $4.3M | $4.3M | $4.1M | $4.3M | +28.5% |
| Net assets | $3.7M | $3.8M | $3.8M | $4.1M | $5.1M | +39.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 16 unpaid officers/directors as reported (CHARLES A EVANS, EARL M WEAVER JR, ELIZABETH GILL, +13 more)
All 16 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 |
|---|---|
| DUES | $2,982,709 |
| CAPITAL PROJECT ASSESSMENTS | $1,165,667 |
| INITIATION FEES | $493,635 |
| GOLF CART INCOME | $325,261 |
| OTHER GOLF REVENUE | $260,053 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.4M
▼ $294K paid down
Net land, buildings & equipment
$7.3M
book value, net of depreciation
Facility age
63%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $285,487 |
| Occupancy | $229,894 |
| Depreciation & depletion | $679,102 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BOONSBORO COUNTRY CLUB RETIREMENT PLAN
pension · 66 participants · $2.3M assets · FY2024
BFounded in 1939, Boonsboro Country Club Corp reported $7.47M of revenue for FY23, at an operating margin of 15.6%. Revenue moved up 23.7% 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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