Manasquan River Golf Club
- Assets
- $17.7m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 218
- Location
- Brielle, NJ
- Founding
- 08/1947
- Data as of
- 12/2021
- EIN
- 21-0506150
Organization Overview
Manasquan River Golf Club is located in Brielle, NJ. The organization was established in 1947. 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, Manasquan River Golf Club employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manasquan River 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 12/2021, Manasquan River Golf Club generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 3.0% 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 FACILITIES TO PLAY GOLF AND OTHER RECREATIONAL ACTIVITIES AND TO MAINTAIN A CLUBHOUSE WITH DINING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Zusack COO | Officer | 40 | $871,093 |
Matthew Morrow Greens Superintendent | Officer | 40 | $197,035 |
Ryan Brennan Clubhouse Manager | 40 | $175,952 | |
Christopher Dymek Head Golf Professional | 40 | $123,024 | |
George A Wall Jr Vice President | OfficerTrustee | 3 | $0 |
Robert Sherlock Treasurer | 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 | $5,183,615 |
| Investment income | $8,107 |
| 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 | $3,166,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,993,654 |
| 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. | $1,172,762 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,680,865 |
| Pension plan accruals and contributions | $43,044 |
| Other employee benefits | $288,033 |
| Payroll taxes | $418,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,595 |
| Advertising and promotion | $0 |
| Office expenses | $106,960 |
| Information technology | $5,879 |
| Royalties | $0 |
| Occupancy | $597,221 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,342 |
| Interest | $135,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,230,001 |
| Insurance | $128,153 |
| All other expenses | $600 |
| Total functional expenses | $8,066,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $5,364,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $429,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,431 |
| Prepaid expenses and deferred charges | $148,114 |
| Net Land, buildings, and equipment | $11,328,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $263,517 |
| Total assets | $17,705,784 |
| Accounts payable and accrued expenses | $425,240 |
| Grants payable | $0 |
| Deferred revenue | $1,390,401 |
| 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 | $2,767,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $455,577 |
| Total liabilities | $5,038,927 |
| Net assets without donor restrictions | $12,666,857 |
| 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 | $17,705,784 |
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