Forest Hill Field Club
- Assets
- $2.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 137
- Location
- Bloomfield, NJ
- Founding
- 09/1942
- Data as of
- 03/2020
- EIN
- 22-0918060
Organization Overview
Forest Hill Field Club is located in Bloomfield, NJ. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2020, Forest Hill Field Club employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Hill Field Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2020, Forest Hill Field Club generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.8m during the year ending 03/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OPERATES AND MAINTAINS A GOLF COURSE, POOL, FACILITY, AND A CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
TAX EXEMPT CLUB ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Tiehenor Greens Superintendant | 50 | $131,443 | |
Andrew Moore Club House Manager | 50 | $115,573 | |
Gary Vinci Secretary | OfficerTrustee | 3 | $0 |
Alan Trembulak President | OfficerTrustee | 3 | $0 |
Jeffrey Garrigan Vice President | OfficerTrustee | 3 | $0 |
Kevin Coughlin Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,722,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,967,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,536,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,183 |
| Payroll taxes | $206,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,651 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,838 |
| Advertising and promotion | $544 |
| Office expenses | $112,102 |
| Information technology | $6,402 |
| Royalties | $0 |
| Occupancy | $306,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $283,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366,240 |
| Insurance | $62,134 |
| All other expenses | $0 |
| Total functional expenses | $3,768,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$679,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | -$97,298 |
| Prepaid expenses and deferred charges | $118,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,539,701 |
| Accounts payable and accrued expenses | $463,566 |
| Grants payable | $0 |
| Deferred revenue | $41,486 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $154,133 |
| Secured mortgages and notes payable | $4,432,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,825 |
| Total liabilities | $5,108,210 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,568,509 |
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