Plainfield Country Club
- Assets
- $21.1m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 232
- Location
- Edison, NJ
- Founding
- 11/1952
- Data as of
- 12/2022
- EIN
- 22-1201880
Organization Overview
Plainfield Country Club is located in Edison, NJ. The organization was established in 1952. 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, Plainfield Country Club employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plainfield 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 12/2022, Plainfield Country Club generated $10.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $10.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
PROVIDE FACILITIES TO PLAY GOLF & OTHER RECREATIONAL ACTIVITIES FOR MEMBERS, FAMILY & GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Kosierowski President | OfficerTrustee | 3 | $0 |
Terance Gallagher Vice President | OfficerTrustee | 3 | $0 |
Tim Walsh Treasurer | OfficerTrustee | 3 | $0 |
Joseph Schurtz Secretary | OfficerTrustee | 3 | $0 |
Kieran Anderson Director | Trustee | 3 | $0 |
Timothy Bronish Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Save A Tree Llc Landscaping | 12/30/22 | $117,661 |
The Walsh Co Llc Lighting | 12/30/22 | $115,442 |
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 | $6,159,263 |
| Investment income | $1,270 |
| 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 | $4,748,444 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,908,977 |
| 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. | $290,216 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,310,843 |
| Pension plan accruals and contributions | $130,232 |
| Other employee benefits | $503,204 |
| Payroll taxes | $540,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,528 |
| Advertising and promotion | $0 |
| Office expenses | $508,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $822,305 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $165,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,510,721 |
| Insurance | $169,864 |
| All other expenses | $0 |
| Total functional expenses | $10,277,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800,479 |
| Savings and temporary cash investments | $201,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $988,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,353 |
| Prepaid expenses and deferred charges | $54,624 |
| Net Land, buildings, and equipment | $16,915,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,069,965 |
| Accounts payable and accrued expenses | $1,054,706 |
| Grants payable | $0 |
| Deferred revenue | $338,003 |
| 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 | $3,244,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,374,205 |
| Total liabilities | $8,011,418 |
| Net assets without donor restrictions | $13,058,547 |
| 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 | $21,069,965 |