June 2, 2024
JPMGC Finances Explained (Your Membership Dues Matter)
by David Foreman
Treasurer, Jackson Park Men’s Golf Club
Jackson Park Men’s Golf Club is a non-profit corporation funded by membership dues and run on a voluntary basis by members of JPMGC. The corporation is run on a voluntary basis by members of JPMGC. The corporation’s primary function is to be responsible for the accounting and proper administration of member funds.
On occasion we get some nominal donations, but 99.99% of our funding is by dues collected through WA Golf. Currently we receive $46 of each full membership and $9 for each associate. In 2023 that amounted to $29,137 total revenue for our operating budget.
In turn 68% of our operating budget is paid back to members as the men’s club share of tournament payouts. Tournament fees collected in the pro-shop fund the remaining portion of tournament payouts.
The remaining portion of our operating budget is spent in the following proportions 12% for tournament software, 13% for stipends to officers and tournament directors, 3% for the Seattle Cup and 4% for operating expenses.
As of May 1 of this year our revenue and expenses appear to be on par to meet our projections for the year, although membership revenues are much more front-loaded now with many automatic renewals. The next couple of months will give us a better idea if we are staying consistent with our membership numbers.
The club remains in a good financial position and I anticipate it being so for the near future as long as membership numbers remain consistent.