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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BMEL501(c)(7) · MEDIUMNAICS 713910EIN 62-0128180

Belle Meade Country Club

Nashville, TN · founded 1958

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$19.82M

▲ 3.6% YoY

FY23 Total Expenses

$21.18M

▲ 9.3% YoY

Operating Margin

-6.9%

revenue minus expenses ÷ revenue

Employees

389

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$19.8M

▲ 42.3% / 5y

Expenses

$21.2M

▲ 74.7% / 5y

Total Assets

$49.7M

▲ 37.7% / 5y

Total Liabilities

$6.0M

▲ 47.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$13.9M	$15.0M	$15.0M	$19.1M	$19.8M	+42.3%
Expenses	$12.1M	$13.9M	$13.9M	$19.4M	$21.2M	+74.7%
Net surplus	$1.8M	$1.1M	$1.1M	-$245K	-$1.4M	-175.5%
Total assets	$36.1M	$43.0M	$43.0M	$44.7M	$49.7M	+37.7%
Total liabilities	$4.1M	$7.2M	$7.2M	$5.8M	$6.0M	+47.8%
Net assets	$32.1M	$35.7M	$35.7M	$38.9M	$43.7M	+36.4%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MICHAEL D SEABROOK GENERAL MANAGER/COO· 40h/wk	$429,504	$27,327
JAMES O PEACOCK Head Golf Professional· 40h/wk	$378,178	$25,846
JOHN R YANCEY Director of Racquets· 40h/wk	$311,267	$28,129
TIMOTHY YEATON DIRECTOR OF INSTRUCTIONS· 40h/wk	$219,854	$2,653
SETH SHIPLEY Executive Chef· 40h/wk	$214,016	$19,171
DOUGLAS A WARD Golf Course Superintendent· 40h/wk	$210,614	$20,892

+ 9 unpaid officers/directors as reported (ALLEN OAKLEY, ARTHUR BEST, BILL HAWKINS, +6 more)

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	$9,398,140
ASSESSMENT FEES	$2,419,360
GOLF	$1,760,121
TENNIS & SWIMMING	$817,795
FITNESS CENTER	$683,026

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$3.0M

unchanged YoY

Net land, buildings & equipment

$43.7M

book value, net of depreciation

Facility age

46%

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	$552,066
Occupancy	$1,401,641
Depreciation & depletion	$3,555,078
Information technology	$171,847
Accounting fees	$39,026
Other professional fees	$697,875

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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Waiters and Waitresses Nashville, TN	$32K	4	Apr 2025 → Nov 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

BFounded in 1958, Belle Meade Country Club reported $19.82M of revenue for FY23, at an operating margin of -6.9%. Revenue moved up 3.6% 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 Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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