Springdale Golf Club
- Assets
- $7.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 91
- Location
- Princeton, NJ
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 21-0568820
Organization Overview
Springdale Golf Club is located in Princeton, NJ. The organization was established in 1942. 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, Springdale Golf Club employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springdale 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, Springdale Golf Club generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
THE CLUB'S MISSION IS TO PROMOTE THE SOCIAL AND PHYSICAL WELL-BEING OF ITS MEMBERS BY PROVIDING FACILITIES THAT ENABLE ITS MEMBERS TO INTERACT SOCIALLY WHILE ENJOYING THE SPORT OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FACILITIES TO HOST MEMBER BANQUETS, DINING, MEETINGS WHILE ALSO PROVIDING A COURSE WHERE MEMBERS CAN IMPROVE, ENJOY AND COMPETE IN A FRIENDLY MANNER THE SPORT OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Pagliari General Manager | 40 | $155,008 | |
Todd Owen Vice President | OfficerTrustee | 1 | $0 |
Richard Gallagher Governor | Trustee | 1 | $0 |
Erin Hamrick President | OfficerTrustee | 1 | $0 |
Martha Love Treasurer | OfficerTrustee | 1 | $0 |
Ernest Anastasio Membershp Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Troon Golf Llc Course Management | 12/30/20 | $1,814,551 |
Stewart Golf Service Golf Professional | 12/30/20 | $228,818 |
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 | $3,583,527 |
| Investment income | $3,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $224,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,798,163 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,146,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,232 |
| Payroll taxes | $101,357 |
| 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 | $257,263 |
| Advertising and promotion | $14,033 |
| Office expenses | $64,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,580 |
| Travel | $15,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $225,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,343 |
| Insurance | $150,613 |
| All other expenses | $198,830 |
| Total functional expenses | $3,693,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,010 |
| Savings and temporary cash investments | $117,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,728 |
| Prepaid expenses and deferred charges | $43,756 |
| Net Land, buildings, and equipment | $6,118,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,992 |
| Total assets | $7,615,695 |
| Accounts payable and accrued expenses | $455,776 |
| 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 | $6,722,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $185,820 |
| Total liabilities | $7,363,667 |
| Net assets without donor restrictions | $252,028 |
| 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 | $7,615,695 |