PENI501(c)(7) · MEDIUMNAICS 713910EIN 94-0318810
Peninsula Golf & Country Club
San Mateo, CA · founded 1950
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$17.06M
▲ 0.6% YoY
FY23 Total Expenses
$17.56M
▲ 11.1% YoY
Operating Margin
-2.9%
revenue minus expenses ÷ revenue
Employees
248
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$17.1M
▲ 2.2% / 5y
Expenses
$17.6M
▲ 17.2% / 5y
Total Assets
$35.1M
▼ 1.8% / 5y
Total Liabilities
$13.0M
▼ 23.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $16.7M | $17.2M | $17.2M | $17.0M | $17.1M | +2.2% |
| Expenses | $15.0M | $14.4M | $14.4M | $15.8M | $17.6M | +17.2% |
| Net surplus | $1.7M | $2.8M | $2.8M | $1.2M | -$496K | -128.8% |
| Total assets | $35.8M | $37.0M | $37.0M | $32.5M | $35.1M | -1.8% |
| Total liabilities | $17.1M | $15.5M | $15.5M | $9.8M | $13.0M | -23.9% |
| Net assets | $18.7M | $21.5M | $21.5M | $22.6M | $22.1M | +18.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
RYAN O'NEIL General Manager· 40h/wk | $279,223 | $43,223 |
CORY MCQUIDDY Director of Golf· 40h/wk | $262,610 | $56,224 |
JOE BUDINICH Golf Course Superintendent· 40h/wk | $257,523 | $42,742 |
CHRISTIN RENNER DIRECTOR OF WELLNESS· 40h/wk | $169,685 | $23,770 |
JASON SIMS GOLF 1ST ASSISSTANT· 40h/wk | $165,291 | $23,798 |
NIMROD SALUDO Director of Racquets· 40h/wk | $164,751 | $9,688 |
DAVID SIDOTI Executive Chef· 40h/wk | $158,299 | $24,187 |
JOANNA KIM Chief Financial Officer· 32h/wk | $155,638 | $51,534 |
+ 9 unpaid officers/directors as reported (ALBERT CHANG, CAROLINE SERRATO, DAN COOPERMAN, +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 |
|---|---|
| MEMBERSHIP DUES | $10,758,978 |
| GOLF REVENUE | $818,750 |
| SWIM & TENNIS | $524,146 |
| LOCKER RENTALS | $233,655 |
| FITNESS CENTER | $187,667 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$10.0M
▲ $3.2M new borrowing
Net land, buildings & equipment
$29.5M
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $201,110 |
| Occupancy | $1,294,236 |
| Depreciation & depletion | $1,903,584 |
| Information technology | $123,004 |
| Advertising & promotion | $5,116 |
| Office expenses | $50,760 |
| Legal fees | $12,053 |
| Accounting fees | $53,480 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE PENINSULA GOLF & COUNTRY CLUB EMPLOYEES 401(K) PLAN
pension · 130 participants · $8.1M assets · FY2024
PFounded in 1950, Peninsula Golf & Country Club reported $17.06M of revenue for FY23, at an operating margin of -2.9%. Revenue moved up 0.6% 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
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