Lake Mohawk Country Club
- Assets
- $4.1m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 308
- Location
- Sparta, NJ
- Founding
- 02/1964
- Data as of
- 12/2022
- EIN
- 22-1054120
Organization Overview
Lake Mohawk Country Club is located in Sparta, NJ. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Lake Mohawk Country Club employed 308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mohawk Country Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Lake Mohawk Country Club generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $9.8m during the year ending 12/2022. While expenses have increased by 5.2% 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
THE CLUB IS RESPONSIBLE FOR OPERATION AND MAINTENANCE OF THE COMMON PROPERTY WITHIN THE DEVELOPMENT. THE DEVELOPMENT CONSISTS OF APPROXIMATELY 2,730 RESIDENTIAL UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND MANAGEMENT OF COMMUNITY PROPERTY AND FACILITIES.
BANQUET HALL RENTAL AND OPERATION.
RESTAURANT OPERATED FOR ASSOCIATION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Chase President | OfficerTrustee | 2 | $0 |
Stu Conkin Trustee | Trustee | 2 | $0 |
Brian Foley Trustee | Trustee | 2 | $0 |
Victoria Germano Trustee | Trustee | 2 | $0 |
Lynn Scott Trustee | Trustee | 2 | $0 |
Greg Yuskaitis Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilkin & Guttenplan Pc Accounting Services | 12/30/22 | $105,922 |
American Asphalt & Trucking Asphalt Paving | 12/30/22 | $503,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,484,882 |
| 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 | $3,484,882 |
| Total Program Service Revenue | $4,528,868 |
| Investment income | $4,819 |
| 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 | $160 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,523,788 |
| 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. | $176,013 |
| Compensation of current officers, directors, key employees. | $26,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,110,574 |
| Pension plan accruals and contributions | $47,838 |
| Other employee benefits | $281,018 |
| Payroll taxes | $335,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,649 |
| Fees for services: Accounting | $159,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,816 |
| Advertising and promotion | $101,022 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $524,625 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,654 |
| Insurance | $675,311 |
| All other expenses | $1,227,582 |
| Total functional expenses | $9,770,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,500 |
| Accounts receivable, net | $848,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,558 |
| Prepaid expenses and deferred charges | $167,363 |
| Net Land, buildings, and equipment | $1,573,380 |
| Investments—publicly traded securities | $307,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,992 |
| Total assets | $4,137,996 |
| Accounts payable and accrued expenses | $632,683 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,049,054 |
| Unsecured mortgages and notes payable | $90,879 |
| Other liabilities | $504,975 |
| Total liabilities | $2,277,591 |
| Net assets without donor restrictions | $554,630 |
| Net assets with donor restrictions | $1,305,775 |
| 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 | $4,137,996 |