GOLF501(c)(7) · MEDIUMNAICS 713910EIN 74-0648002
Golfcrest Country Club
Pearland, TX · founded 1948
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.04M
▼ 26.8% YoY
FY23 Total Expenses
$825k
▲ 40.5% YoY
Operating Margin
20.5%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.0M
▲ 44.2% / 5y
Expenses
$825K
▲ 69.8% / 5y
Total Assets
$6.1M
▲ 91.6% / 5y
Total Liabilities
$2.2M
▲ 103.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $719K | $708K | $708K | $1.4M | $1.0M | +44.2% |
| Expenses | $486K | $379K | $379K | $587K | $825K | +69.8% |
| Net surplus | $234K | $329K | $329K | $831K | $213K | -8.8% |
| Total assets | $3.2M | $3.3M | $3.3M | $4.5M | $6.1M | +91.6% |
| Total liabilities | $1.1M | $461K | $461K | $750K | $2.2M | +103.1% |
| Net assets | $2.1M | $2.9M | $2.9M | $3.7M | $3.9M | +85.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (ANTHONY WILLIAMS, CHARLEY KINSEY, DAVE LAUBACHER, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.2M
▲ $1.4M new borrowing
Net land, buildings & equipment
$5.5M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Depreciation & depletion | $449,163 |
GFounded in 1948, Golfcrest Country Club reported $1.04M of revenue for FY23, at an operating margin of 20.5%. Revenue moved down 26.8% 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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