MAGN501(c)(7) · MEDIUMNAICS 713910EIN 71-6040942
Magnolia Country Club
Magnolia, AR · founded 1974
13 filings on recordFY 2010–2022medium confidence
Compare to peers →FY22 Total Revenue
$629k
▲ 2.2% YoY
FY22 Total Expenses
$570k
▼ 4.6% YoY
Operating Margin
9.4%
revenue minus expenses ÷ revenue
Employees
32
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$629K
▼ 7.6% / 5y
Expenses
$570K
▼ 19.9% / 5y
Total Assets
$712K
▼ 1.0% / 5y
Total Liabilities
$225K
▲ 373.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $680K | $695K | $615K | $615K | $629K | -7.6% |
| Expenses | $711K | $903K | $598K | $598K | $570K | -19.9% |
| Net surplus | -$31K | -$208K | $18K | $18K | $59K | -290.0% |
| Total assets | $719K | $695K | $646K | $646K | $712K | -1.0% |
| Total liabilities | $48K | $232K | $218K | $218K | $225K | +373.0% |
| Net assets | $671K | $463K | $428K | $428K | $487K | -27.5% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (BRIAN PALMER, CARSON SMITH, JEFF PRINCE, +5 more)
All 8 listed officers reported $0 compensation — volunteer board.
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $370,963 |
| GOLF COURSE MEMBER | $61,861 |
| GOLF COURSE TOURNAMENT | $15,734 |
| POOL MEMBER | $30 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$192K
end of year
Net land, buildings & equipment
$488K
book value, net of depreciation
Facility age
82%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $27,900 |
| Occupancy | $55,281 |
| Depreciation & depletion | $18,228 |
| Advertising & promotion | $10,408 |
| Office expenses | $4,022 |
| Accounting fees | $7,540 |
MFounded in 1974, Magnolia Country Club reported $629k of revenue for FY22, at an operating margin of 9.4%. Revenue moved up 2.2% 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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