Cobblestone Creek Country Club Corp
- Assets
- $6.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 171
- Location
- Lawrenceville, NJ
- Founding
- 05/1945
- Data as of
- 12/2023
- 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 12/2023, Cobblestone Creek Country Club Corp employed 171 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 12/2023, Cobblestone Creek Country Club Corp generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $5.7m during the year ending 12/2023. While expenses have increased by 2.7% 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 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 | Officer | 40 | $201,615 |
James Emery Membership Director | 40 | $148,158 | |
Danielle L Gallone Director Of Food & Beverage | 40 | $126,948 | |
Ramon C Navoa Jr Executive Chef | 40 | $123,856 | |
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 | $4,070,879 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,851,702 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,132,649 |
| 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. | $206,415 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,472,322 |
| Pension plan accruals and contributions | $34,259 |
| Other employee benefits | $130,639 |
| Payroll taxes | $306,498 |
| 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 | $520,707 |
| Advertising and promotion | $19,779 |
| Office expenses | $88,518 |
| Information technology | $7,934 |
| Royalties | $0 |
| Occupancy | $964,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $267,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,289 |
| Insurance | $142,102 |
| All other expenses | $0 |
| Total functional expenses | $5,672,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,250 |
| Savings and temporary cash investments | $51,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $739,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,163 |
| Prepaid expenses and deferred charges | $67,671 |
| Net Land, buildings, and equipment | $4,870,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375,110 |
| Total assets | $6,222,169 |
| Accounts payable and accrued expenses | $440,039 |
| Grants payable | $0 |
| Deferred revenue | $2,329,573 |
| 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 | $2,703,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $371,040 |
| Total liabilities | $5,843,760 |
| Net assets without donor restrictions | $378,409 |
| 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 | $6,222,169 |