Hollywood Golf Club
- Assets
- $15.0m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 101
- Location
- Deal, NJ
- Founding
- 10/1934
- Data as of
- 12/2022
- EIN
- 21-0477750
Organization Overview
Hollywood Golf Club is located in Deal, NJ. The organization was established in 1934. 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 12/2022, Hollywood Golf Club employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Hollywood Golf Club generated $9.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 5 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 HEALTH & PLEASURE FOR ITS MEMBERS. THE CLUB PROVIDES A CLUBHOUSE, GOLF COURSE, & TENNIS COURTS FOR THE COMFORT & ENJOYMENT OF THE MEMBERS, THEIR FAMILIES & FRIENDS.
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 |
|---|---|---|---|
Steven Schultz President | OfficerTrustee | 3 | $0 |
David Knee Vice President | OfficerTrustee | 3 | $0 |
Douglas Kanter Treasurer | OfficerTrustee | 3 | $0 |
David Zimmel Secretary | OfficerTrustee | 3 | $0 |
Brian Ansell Trustee | Trustee | 3 | $0 |
Mitchell Ansell Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patrick O'connell Llc New Patio Renovation | 12/30/18 | $338,061 |
Majestic Awning & Sign Llc Patio Awning System | 12/30/18 | $135,703 |
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 | $6,971,368 |
| Investment income | $536 |
| 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 | $2,454,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,566,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $532 |
| 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. | $695,158 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,281,254 |
| Pension plan accruals and contributions | $98,711 |
| Other employee benefits | $372,494 |
| Payroll taxes | $465,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,128 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,162 |
| Advertising and promotion | $0 |
| Office expenses | $181,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $599,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,253 |
| Interest | $112,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $930,651 |
| Insurance | $160,185 |
| All other expenses | $0 |
| Total functional expenses | $8,404,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,808,171 |
| Savings and temporary cash investments | $1,013,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,779 |
| Prepaid expenses and deferred charges | $103,283 |
| Net Land, buildings, and equipment | $8,284,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,048 |
| Total assets | $14,951,612 |
| Accounts payable and accrued expenses | $166,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,189,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $627,471 |
| Total liabilities | $3,983,263 |
| Net assets without donor restrictions | $10,968,349 |
| 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 | $14,951,612 |