Alpine Country Club Corp
- Assets
- $25.4m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 156
- Location
- Demarest, NJ
- Founding
- 03/1962
- Data as of
- 12/2021
- EIN
- 22-1667688
Organization Overview
Alpine Country Club Corp is located in Demarest, NJ. The organization was established in 1962. 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, Alpine Country Club Corp employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpine Country Club Corp 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, Alpine Country Club Corp generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $14.3m during the year ending 12/2021. While expenses have increased by 2.5% 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
TO OPERATE AND MAINTAIN A GOLF COURSE AND CLUBHOUSE 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 |
|---|---|---|---|
Stephen Finamore Greens Superintendent | Officer | 40 | $301,967 |
Alexander Lee Head Chef | 40 | $289,799 | |
Jeffrey Martocci General Manager | Officer | 40 | $263,043 |
Joseph Galan Golf Pro Assistant | 40 | $170,651 | |
John Mascari Golf Pro | 40 | $156,689 | |
Francis Jannicelli Chief Financial Officer | Officer | 40 | $152,493 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ko Group Llc Clubhouse Restoration | 12/30/21 | $1,231,794 |
Courtsense Llc Tennis Pro/maintenance | 12/30/21 | $230,449 |
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 | $8,223,176 |
| Investment income | $7,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $818,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,695,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,700,822 |
| 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. | $804,415 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,040,984 |
| Pension plan accruals and contributions | $51,782 |
| Other employee benefits | $609,232 |
| Payroll taxes | $484,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,872 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,454 |
| Advertising and promotion | $0 |
| Office expenses | $132,216 |
| Information technology | $39,462 |
| Royalties | $0 |
| Occupancy | $1,415,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $387,622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,332,554 |
| Insurance | $149,738 |
| All other expenses | $393,220 |
| Total functional expenses | $14,281,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,116,169 |
| Savings and temporary cash investments | $1,559,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $628,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,101 |
| Prepaid expenses and deferred charges | $249,153 |
| Net Land, buildings, and equipment | $19,544,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,704 |
| Total assets | $25,381,114 |
| Accounts payable and accrued expenses | $992,745 |
| 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 | $13,272,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $616,302 |
| Total liabilities | $14,881,221 |
| Net assets without donor restrictions | $10,499,893 |
| 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 | $25,381,114 |
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 |