CAST501(c)(7) · CONFIRMEDNAICS 713910EIN 86-2141846

Castine Golf Club Inc

Castine, ME · founded 2022
2 filings on recordFY 20222023high confidence
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FY23 Total Revenue
$1.47M
▲ 48.4% YoY
FY23 Total Expenses
$820k
▼ 3.6% YoY
Operating Margin
44.4%
revenue minus expenses ÷ revenue
Employees
31
headcount as reported on filing

The Five-Year Picture

FY2022 — FY2023 · as filed
Revenue
$1.5M
▲ 48.4% / 2y
9941.5
Expenses
$820K
▼ 3.6% / 2y
851820
Total Assets
$1.6M
▲ 61.1% / 2y
1.01.6
Total Liabilities
$20K
▼ 34.7% / 2y
3120

Year-on-year detail

from IRS Form 990
LineFY22FY23Δ total
Revenue$994K$1.5M+48.4%
Expenses$851K$820K-3.6%
Net surplus$143K$655K+357.1%
Total assets$1.0M$1.6M+61.1%
Total liabilities$31K$20K-34.7%
Net assets$983K$1.6M+64.1%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 16 unpaid officers/directors as reported (BILL DUDINE, DICK TAYLOR, FRED DOANE, +13 more)

All 16 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 itemAmount
LESSONS & CLINICS$92,789
GOLF CART & GREENS FEES$53,687
GOLF CART & GREENS FEES$37,485
CLUBHOUSE EVENTS$23,478
YACHT FEES$14,934

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$20K
$11K paid down
Net land, buildings & equipment
$322K
book value, net of depreciation
Facility age
77%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$8K$15K$23K$31KFY22 · $31KFY22FY23 · $20KFY23

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$28,162
Occupancy$40,831
Depreciation & depletion$37,450
Advertising & promotion$1,775
Office expenses$303
Legal fees$9,789
Accounting fees$11,270
Other professional fees$62,839

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.

CFounded in 2022, Castine Golf Club Inc reported $1.47M of revenue for FY23, at an operating margin of 44.4%. Revenue moved up 48.4% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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