Spring Brook Country Club
- Assets
- $17.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 216
- Location
- Morristown, NJ
- Founding
- 06/1944
- Data as of
- 01/2024
- EIN
- 22-1298220
Organization Overview
Spring Brook Country Club is located in Morristown, NJ. The organization was established in 1944. 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 01/2024, Spring Brook Country Club employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Brook 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 01/2024, Spring Brook Country Club generated $10.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $9.7m during the year ending 01/2024. While expenses have increased by 4.1% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE SOCIAL FELLOWSHIP & PROVIDE FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS
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 |
|---|---|---|---|
John Mustion President | OfficerTrustee | 3 | $0 |
Sean Riley Treasurer | OfficerTrustee | 3 | $0 |
Anthony Martine Vice President | OfficerTrustee | 3 | $0 |
Peter Sweeney Secretary | OfficerTrustee | 3 | $0 |
Dave Albright Trustee | Trustee | 3 | $0 |
Kevin Dunn Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sdt Pro Llc Head Tennis Professional | 1/30/23 | $271,061 |
Grinding Service General Contractor For Golf Course Tree | 1/30/23 | $241,370 |
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 | $7,046,842 |
| Investment income | $27,201 |
| 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 | $3,374,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,448,323 |
| 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. | $493,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,498,889 |
| Pension plan accruals and contributions | $47,280 |
| Other employee benefits | $410,068 |
| Payroll taxes | $476,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,319 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,742 |
| Advertising and promotion | $0 |
| Office expenses | $338,579 |
| Information technology | $89,777 |
| Royalties | $0 |
| Occupancy | $679,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,122 |
| Interest | $170,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,156,632 |
| Insurance | $180,946 |
| All other expenses | $0 |
| Total functional expenses | $9,704,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,026,884 |
| Savings and temporary cash investments | $175,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,917,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $283,493 |
| Prepaid expenses and deferred charges | $169,449 |
| Net Land, buildings, and equipment | $12,329,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $264,060 |
| Total assets | $17,165,683 |
| Accounts payable and accrued expenses | $496,216 |
| 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 | $6,892,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,836,201 |
| Total liabilities | $9,224,485 |
| Net assets without donor restrictions | $7,941,198 |
| 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 | $17,165,683 |