Newark Country Club
- Assets
- $3.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 62
- Location
- Newark, DE
- Founding
- 03/1945
- Data as of
- 12/2021
- EIN
- 51-0035715
Organization Overview
Newark Country Club is located in Newark, DE. The organization was established in 1945. 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, Newark Country Club employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark 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, Newark Country Club generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.7% 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
OPERATION OF A COUNTRY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FOR USE BY MEMBERS & GUESTS W/ GOLF CARTS & LOCKER ROOM FACILITIES. AT 12/31/2021 THE CLUB HAD 229 MEMBERSHIPS, INCLUDING SINGLE & FAMILY.
FOOD & BEVERAGE SERVICE FOR MEMBERS CONSISTING OF DINING ROOM, GRILLE & LOUNGE.
SWIMMING POOL AND FACILITIES FOR USE BY MEMBERS & GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Kyourktchiev Club Manager | Officer | 40 | $92,083 |
Alan Schweizer Director | Trustee | 2.5 | $0 |
Robert Kennedy Director | Trustee | 2.5 | $0 |
Charlotte Short Treasurer | Trustee | 2.5 | $0 |
Marc Wienkowitz Secretary | Trustee | 2.5 | $0 |
Dale Hoover Director | Trustee | 2.5 | $0 |
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 | $1,220,979 |
| Investment income | $7,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,770,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $108,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,107,032 |
| 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. | $92,083 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,606 |
| Payroll taxes | $96,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,894 |
| Fees for services: Accounting | $7,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,517 |
| Office expenses | $7,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,919 |
| Insurance | $52,009 |
| All other expenses | $71,230 |
| Total functional expenses | $1,890,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,721,869 |
| Inventories for sale or use | $28,722 |
| Prepaid expenses and deferred charges | $100,780 |
| Net Land, buildings, and equipment | $224,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,045,292 |
| Accounts payable and accrued expenses | $79,205 |
| Grants payable | $0 |
| Deferred revenue | $102,988 |
| 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 | $231,757 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,542,657 |
| Total liabilities | $1,956,607 |
| Net assets without donor restrictions | $1,088,685 |
| 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 | $3,045,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newark Country Club has recieved totaling $21,753.
| Awarding Organization | Amount |
|---|---|
Delaware Community Foundation Wilmington, DE PURPOSE: UNRESTRICTED SUPPORT | $21,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
Alpine Country Club Corp Demarest, NJ | $25,381,114 | $12,700,822 |
Upper Montclair Country Club Clifton, NJ | $27,561,900 | $13,306,753 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
United States Rowing Association Princeton, NJ | $3,941,126 | $14,308,722 |