The Ridgewood Country Club
- Assets
- $31.3m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 364
- Location
- Paramus, NJ
- Founding
- 12/1934
- Data as of
- 12/2021
- EIN
- 22-1232320
Organization Overview
The Ridgewood Country Club is located in Paramus, NJ. The organization was established in 1934. 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 12/2021, Ridgewood Country Club employed 364 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood 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 12/2021, Ridgewood Country Club generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $15.2m during the year ending 12/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RIDGEWOOD COUNTRY CLUB ("THE CLUB") IS OWNED BY MEMBERS FOR GOLF, DINING, & RECREATIONAL ACTIVITIES.
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 |
|---|---|---|---|
Todd Raisch Greens Superintendent | Officer | 40 | $344,845 |
David Reasoner Golf Professional | 40 | $180,339 | |
Alyson Llerandi Controller | 40 | $149,448 | |
Aldo Cela Club Manager | 40 | $142,428 | |
David Zollinger Irrigation Manager | 40 | $139,239 | |
Eban Ross Former Club Manager | 40 | $132,295 |
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 | $10,308,263 |
| Investment income | $4,699 |
| 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 | $6,350,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,956,980 |
| 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. | $386,259 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,303,828 |
| Pension plan accruals and contributions | $120,141 |
| Other employee benefits | $606,606 |
| Payroll taxes | $956,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,683 |
| Fees for services: Accounting | $38,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,991 |
| Advertising and promotion | $0 |
| Office expenses | $883,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,003,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $403,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,335,701 |
| Insurance | $231,192 |
| All other expenses | $65,653 |
| Total functional expenses | $15,172,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,909 |
| Savings and temporary cash investments | $3,429,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,366,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $238,104 |
| Prepaid expenses and deferred charges | $178,904 |
| Net Land, buildings, and equipment | $25,826,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,275,344 |
| Accounts payable and accrued expenses | $1,014,792 |
| 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 | $8,352,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,344,983 |
| Total liabilities | $10,712,274 |
| Net assets without donor restrictions | $20,563,070 |
| 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 | $31,275,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |