Deal Golf And Country Club
- Assets
- $15.1m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 119
- Location
- Deal, NJ
- Founding
- 11/1957
- Data as of
- 04/2023
- EIN
- 21-0436970
Organization Overview
Deal Golf And Country Club is located in Deal, NJ. The organization was established in 1957. 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 04/2023, Deal Golf And Country Club employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deal Golf And 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 04/2023, Deal Golf And Country Club generated $8.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $8.1m during the year ending 04/2023. While expenses have increased by 3.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PRIVATE GOLF AND COUNTRY CLUB TOGETHER WITH ALL ACTIVITIES RELATED TO ITS OPERATION 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 |
|---|---|---|---|
Philip J Shaheen President | OfficerTrustee | 3 | $0 |
Kenneth L Shaw Vice President | OfficerTrustee | 3 | $0 |
Paul Marmora Treasurer | OfficerTrustee | 3 | $0 |
Dr Joseph F Binns Secretary | OfficerTrustee | 3 | $0 |
Thomas Ankiewicz Director | Trustee | 3 | $0 |
Brian Ierardi Director | Trustee | 3 | $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 | $5,907,959 |
| Investment income | $31,629 |
| 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 | $2,992,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,931,742 |
| 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. | $583,678 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,752,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $423,387 |
| Payroll taxes | $456,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,445 |
| Fees for services: Accounting | $27,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $353,546 |
| Information technology | $83,808 |
| Royalties | $0 |
| Occupancy | $505,030 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $233,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,139,256 |
| Insurance | $175,015 |
| All other expenses | $110,860 |
| Total functional expenses | $8,128,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,450 |
| Savings and temporary cash investments | $1,441,707 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,879,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $163,523 |
| Prepaid expenses and deferred charges | $162,876 |
| Net Land, buildings, and equipment | $11,033,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,289 |
| Total assets | $15,104,958 |
| Accounts payable and accrued expenses | $516,080 |
| Grants payable | $0 |
| Deferred revenue | $1,151,464 |
| 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 | $6,307,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $592,893 |
| Total liabilities | $8,568,288 |
| Net assets without donor restrictions | $6,536,670 |
| 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 | $15,104,958 |