Packanack Lake Country Club & Community Association
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 109
- Location
- Wayne, NJ
- Founding
- 03/1945
- Data as of
- 12/2022
- EIN
- 22-1178035
Organization Overview
Packanack Lake Country Club & Community Association is located in Wayne, NJ. The organization was established in 1945. 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, Packanack Lake Country Club & Community Association employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Packanack Lake Country Club & Community Association 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, Packanack Lake Country Club & Community Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER QUALITY & SAFETY-CONSERVATION OF LAKE WEED AND ALGAE CONTROL, COST OF ELECTRICITY FOR LAKE AERATION SYSTEM AND ARTESION WELLS. MAINTENANCE OF PARK AREA & SAFETY.
VARIOUS
ATHLETIC ASSOCIATION- PROMOTE, ASSIST AND AROUSE INTEREST IN CLEAN SPORTS OF AN ATHLETIC NATURE.
HOUSE MAINTENANCE OF COMMUNITY CLUBHOUSE- HEAT, ELECTRICITY, WATER, SEWER, NEW EQUIPMENT, REPAIRS AND CONTRACTED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ulein Pres/long Range Planning | Trustee | 10 | $0 |
Monica Costanzo Vp/communications | Trustee | 10 | $0 |
Paul Pizio Treasurer | Trustee | 10 | $0 |
Ryan Brown Secretary House | Trustee | 10 | $0 |
Laura Mango Membership | Trustee | 10 | $0 |
Joyce Cutler Beach | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $955,054 |
| 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 | $955,054 |
| Total Program Service Revenue | $203,566 |
| Investment income | $2,181 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,215,606 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $86,497 |
| Other salaries and wages | $286,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,180 |
| Payroll taxes | $33,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,595 |
| 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 | $14,000 |
| Advertising and promotion | $0 |
| Office expenses | $8,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $104,491 |
| All other expenses | $475,244 |
| Total functional expenses | $1,192,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,888 |
| Savings and temporary cash investments | $557,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $35,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $437,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,306,052 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,306,052 |
| 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 | $1,306,052 |