AIUG501(c)(7) · MEDIUMNAICS 713910EIN 58-0148720
Augusta Country Club Incorporated
Augusta, GA · founded 1976
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$16.18M
▲ 18.7% YoY
FY23 Total Expenses
$15.77M
▲ 5.9% YoY
Operating Margin
2.5%
revenue minus expenses ÷ revenue
Employees
346
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$16.2M
▼ 10.8% / 5y
Expenses
$15.8M
▲ 18.7% / 5y
Total Assets
$39.0M
▼ 5.9% / 5y
Total Liabilities
$8.0M
▲ 33.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $18.1M | $12.7M | $12.7M | $13.6M | $16.2M | -10.8% |
| Expenses | $13.3M | $13.5M | $13.5M | $14.9M | $15.8M | +18.7% |
| Net surplus | $4.8M | -$807K | -$807K | -$1.3M | $408K | -91.6% |
| Total assets | $41.5M | $39.6M | $39.6M | $39.9M | $39.0M | -5.9% |
| Total liabilities | $6.0M | $7.5M | $7.5M | $10.0M | $8.0M | +33.7% |
| Net assets | $35.5M | $32.1M | $32.1M | $29.9M | $31.0M | -12.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRETT NINNESS General Manager· 40h/wk | $318,068 | $41,969 |
JOSHUA DUNAWAY Golf Course Superintendent· 40h/wk | $216,890 | $15,055 |
MARVIN HERRERA Executive Chef· 40h/wk | $215,266 | $27,620 |
ANDREA MCCURRY DIRECTOR OF FITNESS· 40h/wk | $165,204 | $13,571 |
KOLE DONALDSON Chief Financial Officer· 40h/wk | $138,251 | $24,999 |
RICK ROMEUS Assistant General Manager· 40h/wk | $134,748 | $17,815 |
GARY CRESSEND GOLF INSTRUCTOR· 40h/wk | $124,286 | $10,708 |
+ 14 unpaid officers/directors as reported (BRIAN HASKINS, DAVID MCDANIEL, DEXTER AQUINDE, +11 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Murphy Bros Constuction APPLING, GA | Construction & renovation | $273,732 |
| Duckworth Development Inc MARTINEZ, GA | Construction & renovation | $188,315 |
| Securitas Security Services Inc ATLANTA, GA | Security & staffing | $136,648 |
| Augusta Overhead Door Sales AUGUSTA, GA | Construction & renovation | $102,614 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $7,349,300 |
| INITIATION FEES | $1,323,851 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.4M
▼ $1.9M paid down
Net land, buildings & equipment
$26.9M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $202,527 |
| Occupancy | $811,173 |
| Depreciation & depletion | $2,588,878 |
| Information technology | $140,191 |
| Office expenses | $330,983 |
| Accounting fees | $48,000 |
| Other professional fees | $245,118 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
AUGUSTA COUNTRY CLUB 401(K) PLAN
pension · 168 participants · FY2024
| Service provider | Paid |
|---|---|
| Empower Annuity Ins Co Of America | $23,077 |
| Raymond James Financial Services | $22,052 |
AFounded in 1976, Augusta Country Club Incorporated reported $16.18M of revenue for FY23, at an operating margin of 2.5%. Revenue moved up 18.7% 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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