GLEN501(c)(7) · MEDIUMNAICS 713910EIN 88-0394656
Glenbrook Country Club
Glenbrook, NV · founded 2000
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.80M
▲ 43.4% YoY
FY23 Total Expenses
$2.02M
▲ 6.8% YoY
Operating Margin
27.9%
revenue minus expenses ÷ revenue
Employees
78
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.8M
▲ 114.7% / 5y
Expenses
$2.0M
▲ 34.6% / 5y
Total Assets
$7.1M
▲ 20.6% / 5y
Total Liabilities
$60K
▲ 117.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.3M | $1.8M | $1.8M | $2.0M | $2.8M | +114.7% |
| Expenses | $1.5M | $1.6M | $1.6M | $1.9M | $2.0M | +34.6% |
| Net surplus | -$196K | $208K | $208K | $62K | $781K | -498.1% |
| Total assets | $5.9M | $6.2M | $6.2M | $6.3M | $7.1M | +20.6% |
| Total liabilities | $28K | $35K | $35K | $38K | $60K | +117.5% |
| Net assets | $5.8M | $6.2M | $6.2M | $6.2M | $7.0M | +20.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
THOMAS TENORIO General Manager· 40h/wk | $89,174 | — |
+ 9 unpaid officers/directors as reported (BRIAN LYNCH, CAROLINE LAVOIE, CECE BAISE, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| K&C Construction CARSON CITY, NV | CONSTUCTION | $800,249 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| ANNUAL DUES | $1,255,800 |
| CAPITAL CALL | $816,000 |
| GREEN FEES/LESSONS | $104,141 |
| PROCEEDS FROM MEMBERSHIPS | $82,000 |
| OTHER | $42,113 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$5.6M
book value, net of depreciation
Facility age
25%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $59,589 |
| Occupancy | $0 |
| Depreciation & depletion | $169,200 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $0 |
| Legal fees | $11,882 |
| Accounting fees | $89,369 |
| Other professional fees | $203,165 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE GLENBROOK CLUB 401(K) PLAN
pension · 11 participants · $32K assets · FY2024
GFounded in 2000, Glenbrook Country Club reported $2.80M of revenue for FY23, at an operating margin of 27.9%. Revenue moved up 43.4% 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
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