NEWN501(c)(7) · MEDIUMNAICS 713910EIN 58-0636152
Newnan Country Club
Newnan, GA · founded 1972
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.78M
▲ 12.2% YoY
FY23 Total Expenses
$3.31M
▲ 11.4% YoY
Operating Margin
12.3%
revenue minus expenses ÷ revenue
Employees
78
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.8M
▲ 91.7% / 5y
Expenses
$3.3M
▲ 50.9% / 5y
Total Assets
$4.1M
▲ 143.0% / 5y
Total Liabilities
$2.2M
▲ 93.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.0M | $1.9M | $1.9M | $3.4M | $3.8M | +91.7% |
| Expenses | $2.2M | $2.4M | $2.4M | $3.0M | $3.3M | +50.9% |
| Net surplus | -$224K | -$528K | -$528K | $396K | $467K | -308.9% |
| Total assets | $1.7M | $3.4M | $3.4M | $3.6M | $4.1M | +143.0% |
| Total liabilities | $1.1M | $3.3M | $3.3M | $3.1M | $2.2M | +93.8% |
| Net assets | $545K | $69K | $69K | $465K | $1.9M | +245.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (ALLAN GAMBLE, AMY MCCOY, CHARLEY KNIGHT, +9 more)
All 12 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 |
|---|---|
| MEMBER DUES AND ASSESSMENTS | $2,363,411 |
| GOLF REVENUE - MEMBER | $447,401 |
| BANQUET REVENUE - NONMEMBER | $82,567 |
| GOLF REVENUE - NONMEMBER | $73,110 |
| LESSONS | $60,419 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.7M
▼ $193K paid down
Net land, buildings & equipment
$2.4M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $69,584 |
| Occupancy | $247,532 |
| Depreciation & depletion | $196,916 |
| Information technology | $21,260 |
| Advertising & promotion | $13,571 |
| Office expenses | $17,364 |
| Accounting fees | $11,549 |
| Other professional fees | $103,001 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
NEWNAN COUNTRY CLUB GCF BENEFIT PLAN
welfare · 15 participants · $25K assets · FY2024
NFounded in 1972, Newnan Country Club reported $3.78M of revenue for FY23, at an operating margin of 12.3%. Revenue moved up 12.2% 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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