Rumson Country Club
- Assets
- $30.8m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 266
- Location
- Rumson, NJ
- Founding
- 10/1934
- Data as of
- 12/2023
- EIN
- 21-0553100
Organization Overview
Rumson Country Club is located in Rumson, 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 12/2023, Rumson Country Club employed 266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rumson 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 12/2023, Rumson Country Club generated $15.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $12.2m during the year ending 12/2023. While expenses have increased by 5.2% 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
THE PREEMINENT, PRIVATE, WELL MAINTAINED, FAMILY ORIENTED CLUB ON THE JERSEY SHORE DEDICATED TO GOLF, SPORTING ACTIVITIES, LEISURE ENJOYMENT OF THE MEMBERSHIP, THEIR FAMILY & GUESTS.
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 |
|---|---|---|---|
Ed Wise Director | Trustee | 3 | $0 |
John Santos Director | Trustee | 3 | $0 |
Denis Devine Director | Trustee | 3 | $0 |
Jefferson Dickson Director | Trustee | 3 | $0 |
Stephanie Cuckley Director | Trustee | 3 | $0 |
David Tierney Director | Trustee | 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 | $10,522,652 |
| Investment income | $152,981 |
| 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 | $4,427,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,102,701 |
| 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. | $405,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,091,553 |
| Pension plan accruals and contributions | $78,907 |
| Other employee benefits | $616,808 |
| Payroll taxes | $543,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $303,585 |
| Fees for services: Accounting | $33,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,581 |
| Advertising and promotion | $0 |
| Office expenses | $340,786 |
| Information technology | $113,056 |
| Royalties | $0 |
| Occupancy | $1,162,596 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,551 |
| Interest | $121,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,235,718 |
| Insurance | $483,847 |
| All other expenses | $167,828 |
| Total functional expenses | $12,180,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,931,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $480,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $244,944 |
| Prepaid expenses and deferred charges | $375,550 |
| Net Land, buildings, and equipment | $22,018,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $754,516 |
| Total assets | $30,805,034 |
| Accounts payable and accrued expenses | $1,767,802 |
| Grants payable | $0 |
| Deferred revenue | $188,146 |
| 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 | $3,263,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,176,118 |
| Total liabilities | $6,395,066 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $152,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $24,257,968 |
| Total liabilities and net assets/fund balances | $30,805,034 |