SFAN501(c)(7) · MEDIUMNAICS 713910EIN 94-0835710

San Francisco Golf Club

San Francisco, CA · founded 1936
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$8.93M
▲ 18.6% YoY
FY23 Total Expenses
$8.19M
▲ 3.1% YoY
Operating Margin
8.3%
revenue minus expenses ÷ revenue
Employees
97
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$8.9M
▲ 29.2% / 5y
6.98.28.27.58.9
Expenses
$8.2M
▲ 19.6% / 5y
6.86.96.97.98.2
Total Assets
$12.3M
▲ 22.2% / 5y
10.110.910.910.712.3
Total Liabilities
$2.8M
▲ 16.3% / 5y
2.41.81.82.12.8

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$6.9M$8.2M$8.2M$7.5M$8.9M+29.2%
Expenses$6.8M$6.9M$6.9M$7.9M$8.2M+19.6%
Net surplus$66K$1.3M$1.3M-$409K$742K+1018.8%
Total assets$10.1M$10.9M$10.9M$10.7M$12.3M+22.2%
Total liabilities$2.4M$1.8M$1.8M$2.1M$2.8M+16.3%
Net assets$7.7M$9.1M$9.1M$8.7M$9.5M+24.1%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
ASHLEY MARSAY
Head Golf Professional· 40h/wk
$410,626$30,938
TAYLOR ANDERSEN
GOLF COURSE SUPERINTEDENT· 40h/wk
$370,016$16,681
KEVIN WENTWORTH
General Manager· 40h/wk
$336,531$5,344
JEAN ALBERTI
Executive Chef· 40h/wk
$203,532$2,820
ANNE FAY
Controller· 40h/wk
$199,740$10,242
CHRISTA TURNER
FOOD AND BEVERAGE· 40h/wk
$142,162$4,872

+ 9 unpaid officers/directors as reported (ANEEL BHUSRI, DEREK M LARSON, EVERETT L GAGE III, +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 itemAmount
MEMBERSHIP DUES$5,850,249
CAPITAL FUNDS$1,540,700
GOLF$437,351
LOCKER ROOM$159,505

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$540K
$460K new borrowing
Net land, buildings & equipment
$7.2M
book value, net of depreciation
Facility age
59%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$135K$270K$405K$540KFY20 · $141KFY20FY21 · $141KFY21FY22 · $80KFY22FY23 · $540KFY23

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
Depreciation & depletion$593,407
Legal fees$59,680
Accounting fees$39,515

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.

Retirement & benefit plans

DOL Form 5500 · plan sponsors
SAN FRANCISCO GOLF CLUB 401(K) PSP
pension · 59 participants · $2.3M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

SFounded in 1936, San Francisco Golf Club reported $8.93M of revenue for FY23, at an operating margin of 8.3%. Revenue moved up 18.6% 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
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)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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