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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BCAY501(c)(7) · MEDIUMNAICS 713910EIN 65-0473088

Bay Colony Golf Club Inc

Naples, FL · founded 2002

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$10.63M

▲ 16.6% YoY

FY23 Total Expenses

$13.09M

▲ 13.0% YoY

Operating Margin

-23.2%

revenue minus expenses ÷ revenue

Employees

137

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.6M

▲ 71.2% / 5y

Expenses

$13.1M

▲ 28.1% / 5y

Total Assets

$34.3M

▲ 19.2% / 5y

Total Liabilities

$4.2M

▼ 13.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$6.2M	$8.4M	$8.4M	$9.1M	$10.6M	+71.2%
Expenses	$10.2M	$10.9M	$10.9M	$11.6M	$13.1M	+28.1%
Net surplus	-$4.0M	-$2.4M	-$2.4M	-$2.5M	-$2.5M	-38.6%
Total assets	$28.8M	$33.0M	$33.0M	$33.0M	$34.3M	+19.2%
Total liabilities	$4.8M	$5.2M	$5.2M	$4.9M	$4.2M	-13.2%
Net assets	$23.9M	$27.8M	$27.8M	$28.1M	$30.1M	+25.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MICHAEL BRADFIELD General Manager· 40h/wk	$307,690	$28,164
ANDREW ZULLO Head Golf Professional· 40h/wk	$239,881	$31,346
SAMANTHA SHEFFIELD Chief Financial Officer· 40h/wk	$228,311	$9,126
JOSHUA LEVITRE Golf Course Superintendent· 40h/wk	$219,298	$25,318
TYLER FIELD Executive Chef· 40h/wk	$213,626	$36,214
TAMMY MERCER Membership Director· 40h/wk	$172,111	$14,919
MLADEN STOEV SOMMELIER· 40h/wk	$170,356	$17,832

+ 9 unpaid officers/directors as reported (CINDY TUCCI, DAVID MCAVOY, DREW MEYER, +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
DUES REVENUE	$7,186,116
GREENS,CART & TRAIL FEES	$931,558

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

▼ $1.2M paid down

Net land, buildings & equipment

$27.6M

book value, net of depreciation

Facility age

44%

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	$274,464
Depreciation & depletion	$2,220,730

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 Naples, FL	$42K	6	Nov 2025 → Apr 2026
Cooks, Restaurant Naples, FL	$42K	7	Nov 2025 → Apr 2026
Dining Room and Cafeteria Attendants and Bartender Helpers Naples, FL	$34K	3	Nov 2025 → Apr 2026

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 2002, Bay Colony Golf Club Inc reported $10.63M of revenue for FY23, at an operating margin of -23.2%. Revenue moved up 16.6% 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 Mon Jul 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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