Riverton Country Club
- Assets
- $18.0m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 209
- Location
- Cinnaminson, NJ
- Founding
- 02/1960
- Data as of
- 03/2024
- EIN
- 21-0549040
Organization Overview
Riverton Country Club is located in Cinnaminson, NJ. The organization was established in 1960. 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 03/2024, Riverton Country Club employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverton 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 03/2024, Riverton Country Club generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $8.9m during the year ending 03/2024. While expenses have increased by 8.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERSHIP SUPERIOR FACILITIES, QUALITY PROGRAMS & SERVICES FOR THE BENEFIT & ENJOYMENT.
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 |
|---|---|---|---|
Tom Kearns President | OfficerTrustee | 2 | $0 |
Keith Ruck Treasurer (to 4/2024) | OfficerTrustee | 2 | $0 |
Dan Giannetto Vice President | OfficerTrustee | 2 | $0 |
Tom Hagner Secretary | OfficerTrustee | 2 | $0 |
Sean Stoneback Director | Trustee | 2 | $0 |
Ray Celona Director | Trustee | 2 | $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 | $6,033,168 |
| Investment income | $7,213 |
| 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 | $3,843,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,884,341 |
| 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. | $166,548 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,012,343 |
| Pension plan accruals and contributions | $39,906 |
| Other employee benefits | $53,281 |
| Payroll taxes | $501,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,594 |
| Advertising and promotion | $0 |
| Office expenses | $240,701 |
| Information technology | $44,796 |
| Royalties | $0 |
| Occupancy | $514,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,455 |
| Interest | $340,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100,103 |
| Insurance | $203,605 |
| All other expenses | $4,882 |
| Total functional expenses | $8,881,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $926,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $789,839 |
| Prepaid expenses and deferred charges | $250,777 |
| Net Land, buildings, and equipment | $15,245,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $17,963,987 |
| Accounts payable and accrued expenses | $1,252,098 |
| Grants payable | $0 |
| Deferred revenue | $2,262,320 |
| 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 | $9,960,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $345,000 |
| Total liabilities | $13,819,427 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $248,540 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,896,020 |
| Total liabilities and net assets/fund balances | $17,963,987 |