Cobblestone Creek Country Club Corp
- Assets
- $6.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 135
- Location
- Lawrenceville, NJ
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 21-0466245
Organization Overview
Cobblestone Creek Country Club Corp is located in Lawrenceville, NJ. 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, Cobblestone Creek Country Club Corp employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobblestone Creek Country Club Corp 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, Cobblestone Creek Country Club Corp generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.1% 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
TO PROVIDE GOLF, TENNIS & SWIMMING FACILITATES FOR ITS MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, TENNIS, AND SWIMMING FACILITIES FOR ITS MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bauer General Manager | 40 | $151,250 | |
James Emery Membership Director | 40 | $115,453 | |
Scott Borsack Secretary | OfficerTrustee | 3 | $0 |
Barry Wolper Treasurer | OfficerTrustee | 3 | $0 |
Jay Nusblatt President | OfficerTrustee | 3 | $0 |
Rhonda Fineburg Vice President | OfficerTrustee | 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 | $2,409,716 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $359,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,380,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,150,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,805,101 |
| Pension plan accruals and contributions | $25,755 |
| Other employee benefits | $134,827 |
| Payroll taxes | $237,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,096 |
| Advertising and promotion | $29,543 |
| Office expenses | $75,895 |
| Information technology | $1,654 |
| Royalties | $0 |
| Occupancy | $666,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $637,974 |
| Insurance | $163,256 |
| All other expenses | $0 |
| Total functional expenses | $4,431,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,248 |
| Savings and temporary cash investments | $897,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $351,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,866 |
| Prepaid expenses and deferred charges | $21,592 |
| Net Land, buildings, and equipment | $4,692,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,693 |
| Total assets | $6,044,958 |
| Accounts payable and accrued expenses | $385,366 |
| Grants payable | $0 |
| Deferred revenue | $2,637,593 |
| 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 | $2,147,671 |
| Unsecured mortgages and notes payable | $350,000 |
| Other liabilities | $57,154 |
| Total liabilities | $5,577,784 |
| Net assets without donor restrictions | $467,174 |
| 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 | $6,044,958 |
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|---|---|---|
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Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |