Spring Lake Bath And Tennis Club
- Assets
- $7.4m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 204
- Location
- Spring Lake, NJ
- Founding
- 03/1978
- Data as of
- 10/2023
- EIN
- 22-2129121
Organization Overview
Spring Lake Bath And Tennis Club is located in Spring Lake, NJ. The organization was established in 1978. As of 10/2023, Spring Lake Bath And Tennis Club employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Lake Bath And Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Spring Lake Bath And Tennis Club generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $5.5m during the year ending 10/2023. While expenses have increased by 13.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL AND RECREATIONAL SERVICES FOR MEMBERS INCLUDING POOL, BEACH AND TENNIS.
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 |
|---|---|---|---|
George Peck President | OfficerTrustee | 10 | $0 |
Kathleen Fitzpatrick Vice President | OfficerTrustee | 10 | $0 |
Douglas Tiesi Treasurer | OfficerTrustee | 10 | $0 |
Alison Kelly Secretary | OfficerTrustee | 10 | $0 |
Laurence Fell Jr Board Member | Trustee | 10 | $0 |
Thomas Ely Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Fincher Carpenter | 10/30/21 | $207,341 |
Candlewood Management Contractor | 10/30/21 | $156,603 |
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 | $2,966,721 |
| Investment income | $80,072 |
| 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 | $2,348,339 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,395,132 |
| 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. | $201,877 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,757,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,863 |
| Payroll taxes | $263,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,776 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,520 |
| Advertising and promotion | $0 |
| Office expenses | $150,923 |
| Information technology | $28,208 |
| Royalties | $0 |
| Occupancy | $226,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $516,169 |
| Insurance | $179,227 |
| All other expenses | $1,988 |
| Total functional expenses | $5,493,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,352 |
| Savings and temporary cash investments | $1,290,410 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $316,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,658 |
| Prepaid expenses and deferred charges | $3,309 |
| Net Land, buildings, and equipment | $5,392,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,413,280 |
| Accounts payable and accrued expenses | $308,646 |
| Grants payable | $0 |
| Deferred revenue | $139,426 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $448,072 |
| Net assets without donor restrictions | $6,965,208 |
| 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 | $7,413,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pelham Country Club Pelham Manor, NY | $46,329,070 | $12,096,913 |
Westhampton Country Club Inc Westhampton Beach, NY | $24,191,195 | $11,035,707 |
Crestmont Country Club West Orange, NJ | $25,725,230 | $10,540,090 |
Country Club Of Buffalo Williamsville, NY | $17,512,590 | $7,434,781 |
Spring Lake Bath And Tennis Club Spring Lake, NJ | $7,413,280 | $5,395,132 |
Hill Crest Country Club Lower Burrell, PA | $3,667,535 | $1,976,886 |
Oswego Country Club Oswego, NY | $1,608,289 | $1,185,318 |
Fort Schuyler Club Utica, NY | $981,803 | $832,560 |
Community Assisted Tenant Controlled Housing Inc New York, NY | $1,063,875 | $323,199 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,084,480 | $574,392 |
City Island Yacht Club Inc City Island, NY | $421,967 | $440,250 |
Osiris Country Club Inc Walden, NY | $10,354 | -$22,028 |