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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

MPYE501(c)(7) · MEDIUMNAICS 713910EIN 56-0333840

Myers Park Country Club Inc

Charlotte, NC · founded 1943

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$20.05M

▲ 24.0% YoY

FY23 Total Expenses

$23.56M

▲ 24.3% YoY

Operating Margin

-17.5%

revenue minus expenses ÷ revenue

Employees

402

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$20.1M

▼ 1.4% / 5y

Expenses

$23.6M

▲ 11.4% / 5y

Total Assets

$59.4M

▲ 73.6% / 5y

Total Liabilities

$23.1M

▲ 125.9% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$20.3M	$16.1M	$16.1M	$16.2M	$20.1M	-1.4%
Expenses	$21.1M	$18.3M	$18.3M	$19.0M	$23.6M	+11.4%
Net surplus	-$813K	-$2.2M	-$2.2M	-$2.8M	-$3.5M	+332.0%
Total assets	$34.2M	$50.3M	$50.3M	$58.3M	$59.4M	+73.6%
Total liabilities	$10.2M	$12.8M	$12.8M	$21.6M	$23.1M	+125.9%
Net assets	$24.0M	$37.5M	$37.5M	$36.7M	$36.3M	+51.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other

+ 16 unpaid officers/directors as reported (B BOONE, B CROWDER, B EDGE, +13 more)

All 16 listed officers reported $0 compensation — volunteer board.

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
L & L Fitness LLC CHARLOTTE, NC	FITNESS PRODUCTS	$702,664
Swim Club Management HUNTERSVILLE, NC	Pool & racquet	$202,273

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$12,659,226
GOLF, TENNIS, OTHER SPORTS	$3,095,539

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$19.3M

▲ $3.2M new borrowing

Net land, buildings & equipment

$51.3M

book value, net of depreciation

Facility age

41%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$336,567
Occupancy	$299,841
Depreciation & depletion	$3,811,413
Office expenses	$14,512
Other professional fees	$1,289,601

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

MYERS PARK COUNTRY CLUB BENEFIT PLAN

welfare · 140 participants · FY2024

MYERS PARK COUNTRY CLUB 401(K) PLAN

pension · 222 participants · FY2024

Service provider	Paid
Medcost Benefit Services	$44,527
Main Street Insurance Group	$30,000
Advosee	$11,220
Mma Securities LLC	$23,483
Transamerica Retirement Solutions	$21,566

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

MFounded in 1943, Myers Park Country Club Inc reported $20.05M of revenue for FY23, at an operating margin of -17.5%. Revenue moved up 24.0% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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