Old Westbury Golf & Country Club Inc
Old Westbury Golf & Country Club Inc. demonstrates consistent revenue growth and financial surpluses with no reported officer compensation.
EIN: 111967540 · Old Westbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.7M |
| Total Expenses | $17.3M |
| Program Spending | 85% |
| Net Assets | $15.6M |
| Transparency Score | 70/100 |
Is Old Westbury Golf & Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Westbury Golf & Country Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Westbury Golf & Country Club Inc
Old Westbury Golf & Country Club Inc (EIN: 111967540) is a nonprofit organization based in Old Westbury, NY. The organization reported total revenue of $22.7M and total assets of $32.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Westbury Golf & Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Westbury Golf & Country Club Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.6M |
| Total Expenses | $17.3M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $29.2M |
| Total Liabilities | $13.6M |
| Net Assets | $15.6M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 46.6% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Old Westbury Golf & Country Club Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Old Westbury Golf & Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.3% | +4.7% | +12.2% |
| 2022 | +6.4% | +7.8% | +5.7% |
| 2021 | +28.6% | +27.4% | +4.4% |
| 2020 | -10.2% | -16.6% | +3.4% |
| 2019 | -1.8% | +2.2% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Old Westbury Golf & Country Club Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Old Westbury Golf & Country Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its top leadership may be uncompensated or compensated through other means not classified as officer compensation, which is a positive sign for minimizing overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Old Westbury Golf & Country Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making efficiency analysis challenging.
- NTEE code is unknown, which limits understanding of its specific charitable or social purpose.
Strengths
The following positive indicators were identified for Old Westbury Golf & Country Club Inc:
- Consistent revenue growth, from $12.9 million in 2014 to $19.6 million in 2023.
- Consistent financial surpluses, indicating sound financial management (e.g., $2.3 million surplus in 2023).
- Zero reported officer compensation across all filings, suggesting efficient use of funds in leadership compensation.
- Growing asset base ($25.1M in 2014 to $29.2M in 2023) and improving asset-to-liability ratio, indicating strong financial health.
Frequently Asked Questions about Old Westbury Golf & Country Club Inc
Is Old Westbury Golf & Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Westbury Golf & Country Club Inc (EIN: 111967540) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Old Westbury Golf & Country Club Inc spend its money?
Old Westbury Golf & Country Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Westbury Golf & Country Club Inc tax-deductible?
Old Westbury Golf & Country Club Inc is registered as a tax-exempt nonprofit (EIN: 111967540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Old Westbury Golf & Country Club Inc's spending goes to programs?
Old Westbury Golf & Country Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Old Westbury Golf & Country Club Inc located?
Old Westbury Golf & Country Club Inc is headquartered in Old Westbury, New York and files with the IRS under EIN 111967540.
How many years of IRS 990 filings does Old Westbury Golf & Country Club Inc have?
Old Westbury Golf & Country Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22.7M in total revenue.
What are the specific program services offered by Old Westbury Golf & Country Club Inc. and how are they funded?
Based on the name, the program services likely revolve around golf, country club amenities, and member services. The filings indicate funding primarily comes from member dues and related revenue, totaling $19.6 million in 2023.
How does the organization classify its expenses, particularly between program, administrative, and fundraising costs?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A deeper dive into the full IRS Form 990 would be necessary to understand this classification.
What is the purpose of the organization's tax-exempt status given its nature as a country club?
Organizations like country clubs can qualify for tax-exempt status under IRS section 501(c)(7) as social clubs, provided they meet specific criteria, primarily that substantially all of their activities are for pleasure, recreation, and other nonprofitable purposes, and no part of the net earnings inures to the benefit of any private shareholder.
Filing History
IRS 990 filing history for Old Westbury Golf & Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Westbury Golf & Country Club Inc's revenue has grown by 59.4%, moving from $12.3M to $19.6M. Total assets increased by 44.1% over the same period, from $20.3M to $29.2M. Total functional expenses rose by 48%, from $11.7M to $17.3M. In its most recent filing year (2023), Old Westbury Golf & Country Club Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $13.6M in liabilities against $29.2M in assets (debt-to-asset ratio: 46.6%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $17.3M | $29.2M | $13.6M | — | — |
| 2022 | $18.0M | $16.5M | $26.0M | $12.7M | — | — |
| 2021 | $16.9M | $15.3M | $24.6M | $13.0M | — | View 990 |
| 2020 | $13.1M | $12.0M | $23.6M | $13.8M | — | View 990 |
| 2019 | $14.6M | $14.4M | $22.8M | $13.9M | — | View 990 |
| 2018 | $14.9M | $14.1M | $23.6M | $14.5M | — | View 990 |
| 2017 | $14.4M | $14.0M | $24.2M | $16.1M | — | View 990 |
| 2016 | $14.1M | $14.0M | $24.5M | $16.9M | — | View 990 |
| 2015 | $13.9M | $13.5M | $25.1M | $17.7M | — | View 990 |
| 2014 | $12.9M | $14.1M | $25.2M | $18.0M | — | View 990 |
| 2013 | $14.0M | $13.5M | $26.9M | $18.0M | — | View 990 |
| 2012 | $12.7M | $12.3M | $24.9M | $17.2M | — | View 990 |
| 2011 | $12.3M | $11.7M | $20.3M | $12.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $17.3M, and assets of $29.2M (revenue +9.3% year-over-year).
- 2022: Revenue of $18.0M, expenses of $16.5M, and assets of $26.0M (revenue +6.4% year-over-year).
- 2021: Revenue of $16.9M, expenses of $15.3M, and assets of $24.6M (revenue +28.6% year-over-year).
- 2020: Revenue of $13.1M, expenses of $12.0M, and assets of $23.6M (revenue -10.2% year-over-year).
- 2019: Revenue of $14.6M, expenses of $14.4M, and assets of $22.8M (revenue -1.8% year-over-year).
- 2018: Revenue of $14.9M, expenses of $14.1M, and assets of $23.6M (revenue +3.2% year-over-year).
- 2017: Revenue of $14.4M, expenses of $14.0M, and assets of $24.2M (revenue +2.4% year-over-year).
- 2016: Revenue of $14.1M, expenses of $14.0M, and assets of $24.5M (revenue +1.5% year-over-year).
- 2015: Revenue of $13.9M, expenses of $13.5M, and assets of $25.1M (revenue +7.2% year-over-year).
- 2014: Revenue of $12.9M, expenses of $14.1M, and assets of $25.2M (revenue -7.4% year-over-year).
- 2013: Revenue of $14.0M, expenses of $13.5M, and assets of $26.9M (revenue +10.3% year-over-year).
- 2012: Revenue of $12.7M, expenses of $12.3M, and assets of $24.9M (revenue +2.8% year-over-year).
- 2011: Revenue of $12.3M, expenses of $11.7M, and assets of $20.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Westbury Golf & Country Club Inc:
Data Sources and Methodology
This transparency report for Old Westbury Golf & Country Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.