Glen Ridge Country Club
- Assets
- $4.3m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Ridge, NJ
- Founding
- 06/1926
- Data as of
- 02/2022
- EIN
- 22-0942740
Organization Overview
Glen Ridge Country Club is located in Glen Ridge, NJ. The organization was established in 1926. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Ridge Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Glen Ridge Country Club generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.5m during the year ending 02/2022. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH & PLEASURE OF ITS MEMBERS; MAINTAIN A CLUBHOUSE, GOLF LINKS, BUILDINGS, & GROUNDS FOR RECREATION, COMFORT & ENJOYMENT OF MEMBERS, THEIR FAMILIES & FRIENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Golub Chief Financial Officer | Officer | 40 | $212,635 |
Gabriel Wochley Greens Superintendent | Officer | 40 | $174,481 |
James Haberstroh Executive Chef | 40 | $173,885 | |
Gregory Devino General Manager / COO | Officer | 40 | $151,943 |
Tommy Monteverdi Golf Pro | 40 | $140,500 | |
Howard Greenblatt Clubhouse Manager | 40 | $105,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,154,071 |
| Investment income | $4,359 |
| 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 | $4,328,977 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,200,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $596,820 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,900 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,785 |
| Advertising and promotion | $0 |
| Office expenses | $463,724 |
| Information technology | $97,372 |
| Royalties | $0 |
| Occupancy | $980,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $425,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515,944 |
| Insurance | $181,110 |
| All other expenses | $183,537 |
| Total functional expenses | $9,483,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,780 |
| Savings and temporary cash investments | $2,199,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $439,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,558 |
| Prepaid expenses and deferred charges | $261,255 |
| Net Land, buildings, and equipment | $1,069,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,315,456 |
| Accounts payable and accrued expenses | $546,403 |
| Grants payable | $0 |
| Deferred revenue | $63,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,139,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,417 |
| Total liabilities | $10,772,760 |
| Net assets without donor restrictions | -$6,457,304 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,315,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Cedar Hill Golf & Country Club Inc Livingston, NJ | $9,265,709 | $8,374,790 |