Spring Lake Golf Club
- Assets
- $38.3m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 217
- Location
- Spring Lake, NJ
- Founding
- 01/1974
- Data as of
- 12/2021
- EIN
- 22-1982858
Organization Overview
Spring Lake Golf Club is located in Spring Lake, NJ. The organization was established in 1974. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Spring Lake Golf Club employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Lake Golf 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, Spring Lake Golf Club generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $7.9m 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
THE CLUB PROVIDES FACILITIES TO PLAY GOLF AND MAINTAINS A CLUBHOUSE WITH DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS AND 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 |
|---|---|---|---|
Robert Anen General Manager | Officer | 40 | $240,450 |
Thomas Havelka Grounds Superintendent | Officer | 40 | $152,390 |
Daniel Ingenbrandt Controller | 40 | $145,739 | |
Brendan Arenth Executive Chef | 40 | $143,986 | |
Jacqueline Barbara Clubhouse Manager | 40 | $143,982 | |
Matthew Mckeon Head Golf Pro | 40 | $119,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matthew J Mckeon Llc Slgc Pro Shop | 12/30/21 | $726,612 |
Surepath Construction Services Construction Consultant | 12/30/21 | $156,228 |
Mottin Golf Course Course Improvements | 12/30/21 | $118,748 |
Rogers Mccagg Clubhouse Renovation Architects | 12/30/21 | $456,011 |
Donnelly Construction Clubhouse Renovators | 12/30/21 | $6,455,108 |
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 | $5,332,335 |
| Investment income | $20,462 |
| 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 | $3,079,928 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,016,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,890 |
| 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. | $419,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,822,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $361,824 |
| Payroll taxes | $462,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,720 |
| Advertising and promotion | $0 |
| Office expenses | $48,589 |
| Information technology | $78,522 |
| Royalties | $0 |
| Occupancy | $731,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,525 |
| Interest | $137,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,231,758 |
| Insurance | $69,393 |
| All other expenses | $51,322 |
| Total functional expenses | $7,913,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,970,585 |
| Savings and temporary cash investments | $98,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,077,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $239,289 |
| Prepaid expenses and deferred charges | $330,106 |
| Net Land, buildings, and equipment | $28,566,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,282,352 |
| Accounts payable and accrued expenses | $1,590,441 |
| Grants payable | $0 |
| Deferred revenue | $4,408,235 |
| 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 | $7,915,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $775,940 |
| Total liabilities | $14,690,179 |
| Net assets without donor restrictions | $23,592,173 |
| 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 | $38,282,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spring Lake Golf Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Flaherty Foundation Spring Lake, NJ PURPOSE: GENERAL CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Spring Lake Golf Club Spring Lake, NJ | $38,282,352 | $9,016,811 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Smoke Rise Club Kinnelon, NJ | $2,441,144 | $4,889,227 |
Pittsburgh Golf Club Pittsburgh, PA | $8,344,017 | $4,467,667 |
First Tee New York Inc Bronx, NY | $7,549,038 | $6,113,567 |
Cobbs Creek Restoration And Community Foundation West Conshohocken, PA | $9,472,650 | $6,266,372 |
Philadelphia Section P G A Inc Lower Gwynedd, PA | $1,922,995 | $2,496,327 |