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Chris Hughes

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Re: Charging members to walk
« Reply #125 on: November 03, 2024, 10:49:39 AM »
Of course there should be a fee for every swing (divots, pitch marks = increased maintenance costs)


Hey Craig, who we locking up?


As for club finances, for those who are interested in learning more and may not be aware, there is a lot of publicly accessible financial information on private clubs who have incorporated as a 501(c) entity, find it here: 

https://apps.irs.gov/app/eos/details/

Just switch the "Search By" drop-down from "EIN" to "Organization Name" and enter the club of your choice, say "Merion Golf"...

2022:
$15.4M of revenues, up about $1M y/y.
13 person board of which 3 are women (including Buddy Marrucci and a Siderowf).
Compensation --> GM = $451K, Super = $485K, Golf Pro = $365K, Chef = $156K.
Debt is effectively nil and club had $4.3M in the bank @ year-end.
Greens & Cart revenues were $2.7M total.
Dues revenue was $9.2M.
Initiation fees were $1.9M.   
The club employed 289 people in 2022.
The Curtis Cup produced $389K of net revenues.
Etc...

FYI.


Look at 2021 and see what they got in ERC money.


Interesting.  Will be curious to see how others fared there.
"Is it the Chicken Salad or the golf course that attracts and retains members ?"

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