PIET501(c)(7) · MEDIUMNAICS 713910EIN 54-0181842
Country Club Of Petersburg Incorporated
Petersburg, VA · founded 1967
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.38M
▲ 12.7% YoY
FY23 Total Expenses
$2.51M
▲ 10.4% YoY
Operating Margin
-5.5%
revenue minus expenses ÷ revenue
Employees
109
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.4M
▲ 24.6% / 5y
Expenses
$2.5M
▲ 24.8% / 5y
Total Assets
$2.7M
▲ 3.1% / 5y
Total Liabilities
$2.0M
▲ 2.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.9M | $2.5M | $2.5M | $2.1M | $2.4M | +24.6% |
| Expenses | $2.0M | $2.1M | $2.1M | $2.3M | $2.5M | +24.8% |
| Net surplus | -$102K | $405K | $405K | -$163K | -$132K | +29.1% |
| Total assets | $2.6M | $2.6M | $2.6M | $2.9M | $2.7M | +3.1% |
| Total liabilities | $2.0M | $1.6M | $1.6M | $2.1M | $2.0M | +2.7% |
| Net assets | $630K | $946K | $946K | $784K | $656K | +4.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (BK Kelley, Boston Lackey III, Bruce Brockwell, +8 more)
All 11 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 |
|---|---|
| Membership Dues | $1,258,734 |
| Golf Fees | $370,859 |
| Other Revenue | $68,817 |
| Tennis | $3,000 |
| Swimming Pool | $1,970 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.5M
▼ $101K paid down
Net land, buildings & equipment
$2.3M
book value, net of depreciation
Facility age
70%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $0 |
| Occupancy | $163,465 |
| Depreciation & depletion | $269,101 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $0 |
| Other professional fees | $0 |
CFounded in 1967, Country Club Of Petersburg Incorporated reported $2.38M of revenue for FY23, at an operating margin of -5.5%. Revenue moved up 12.7% 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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