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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LAOS501(c)(7) · MEDIUMNAICS 713910EIN 95-0948160

Los Angeles Country Club

Los Angeles, CA · founded 1941

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$37.88M

▲ 51.8% YoY

FY23 Total Expenses

$39.86M

▲ 28.0% YoY

Operating Margin

-5.2%

revenue minus expenses ÷ revenue

Employees

359

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$37.9M

▲ 73.2% / 5y

Expenses

$39.9M

▲ 56.8% / 5y

Total Assets

$103.7M

▲ 69.4% / 5y

Total Liabilities

$40.1M

▲ 128.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$21.9M	$18.5M	$18.5M	$25.0M	$37.9M	+73.2%
Expenses	$25.4M	$23.5M	$23.5M	$31.1M	$39.9M	+56.8%
Net surplus	-$3.6M	-$5.0M	-$5.0M	-$6.2M	-$2.0M	-44.2%
Total assets	$61.2M	$94.9M	$94.9M	$94.4M	$103.7M	+69.4%
Total liabilities	$17.5M	$43.8M	$43.8M	$39.3M	$40.1M	+128.5%
Net assets	$43.6M	$51.1M	$51.1M	$55.1M	$63.6M	+45.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
M Beam C.O.O-GM - exempt employee· 60h/wk	$616,325	$27,311
C Wilson Dir. Golf Course & Grounds· 50h/wk	$483,033	$19,118
J Welsh CFO - exempt employee· 60h/wk	$339,944	$9,104
T Gardner Dir of Golf- exempt empl· 50h/wk	$285,470	$27,311
S Armstrong Exec Chef - exempt employee· 50h/wk	$276,636	$27,311

+ 9 unpaid officers/directors as reported (B McCarthy, G Sykes, J Davis, +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
DUES & SERVICES TO MEM	$21,318,706
GOLF OPERATIONS	$1,702,548
OTHER	$51,378

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$83.4M

book value, net of depreciation

Facility age

36%

accumulated depreciation ÷ cost — higher = older plant

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	$653,079
Occupancy	$1,329,371
Depreciation & depletion	$6,259,856
Information technology	$50,283
Office expenses	$143,958
Other professional fees	$248,686

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

THE LOS ANGELES COUNTRY CLUB GROUP WELFARE BENEFIT PLAN

welfare · 214 participants · FY2024

THE LOS ANGELES COUNTRY CLUB 401(K) PLAN

pension · 232 participants · FY2024

Service provider	Paid
Fidelity Investments Institutional	$30,884

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.

LFounded in 1941, Los Angeles Country Club reported $37.88M of revenue for FY23, at an operating margin of -5.2%. Revenue moved up 51.8% 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

▸ Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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