Quaker Ridge Golf Club Inc
- Assets
- $48.2m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 153
- Location
- Scarsdale, NY
- Founding
- 08/1938
- Data as of
- 12/2022
- EIN
- 13-1726234
Organization Overview
Quaker Ridge Golf Club Inc is located in Scarsdale, NY. The organization was established in 1938. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Quaker Ridge Golf Club Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quaker Ridge Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Quaker Ridge Golf Club Inc generated $15.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $13.1m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GAME OF GOLF, AND OTHER OUTDOOR SPORTS, AND ALSO SOCIAL INTERCOURSE, AMONG ITS MEMBERS AND TO FURNISH SUITABLE FACILITIES THEREFORE.
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 |
|---|---|---|---|
Jeffrey Golenbock President | OfficerTrustee | 3 | $0 |
Neil Sandler Vice President | OfficerTrustee | 3 | $0 |
David Groban Secretary | OfficerTrustee | 3 | $0 |
Steven Prince Treasurer | OfficerTrustee | 3 | $0 |
Evan A Halpern Director | Trustee | 3 | $0 |
Jane Bernstein Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Douglas Graneto Design Clubhouse Decoration | 12/30/22 | $140,118 |
Carpenter Bee Locker Room Project, Clubhouse | 12/30/22 | $132,800 |
Labar Golf Renovations Golf Course Renovations | 12/30/22 | $131,173 |
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 | $11,569,400 |
| Investment income | $18,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,600 |
| 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 | $4,193,498 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,868,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,247 |
| 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. | $907,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,728,108 |
| Pension plan accruals and contributions | $154,250 |
| Other employee benefits | $763,953 |
| Payroll taxes | $564,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,439 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,091 |
| Advertising and promotion | $0 |
| Office expenses | $227,453 |
| Information technology | $56,670 |
| Royalties | $0 |
| Occupancy | $782,971 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $778,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $500,036 |
| All other expenses | $487,087 |
| Total functional expenses | $13,117,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $251,042 |
| Prepaid expenses and deferred charges | $258,255 |
| Net Land, buildings, and equipment | $42,082,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,788,348 |
| Total assets | $48,172,814 |
| Accounts payable and accrued expenses | $929,875 |
| Grants payable | $0 |
| Deferred revenue | $1,285,281 |
| 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 | $20,973,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,308,128 |
| Total liabilities | $27,496,481 |
| Net assets without donor restrictions | $20,676,333 |
| 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 | $48,172,814 |