Navesink Country Club Inc
- Assets
- $33.5m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 269
- Location
- Red Bank, NJ
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 21-0744409
Organization Overview
Navesink Country Club Inc is located in Red Bank, NJ. The organization was established in 1964. 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, Navesink Country Club Inc employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navesink Country Club Inc 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, Navesink Country Club Inc generated $13.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. While expenses have increased by 5.4% 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 THE OPPORTUNITY FOR SOCIAL INTERACTION AMONG CLUB MEMBERS BY PROVIDING ACTIVITIES THAT PROMOTE THE CLUB'S MISSION
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 |
|---|---|---|---|
Victor Vidal Head Racquets Professional | 40 | $541,235 | |
Jeff Mellott General Manager | Officer | 40 | $356,010 |
Steve Sieg Golf Professional | 40 | $173,721 | |
Andrew Delvecchio Controller | 40 | $169,418 | |
Joshua Conner Superintendent | 40 | $143,745 | |
Bill Tuite Head Chef | 40 | $115,270 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jimmy Farney Iii Plumber | 12/30/21 | $184,189 |
Farney Electric Electrician | 12/30/21 | $200,493 |
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 | $8,189,452 |
| Investment income | $16,592 |
| 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 | $5,021,988 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,935,180 |
| 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. | $388,973 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,405,850 |
| Pension plan accruals and contributions | $75,694 |
| Other employee benefits | $494,245 |
| Payroll taxes | $526,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,593 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,075 |
| Advertising and promotion | $0 |
| Office expenses | $162,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $740,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,525 |
| Interest | $368,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,851,271 |
| Insurance | $228,687 |
| All other expenses | $207,783 |
| Total functional expenses | $12,612,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,934 |
| Savings and temporary cash investments | $657,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,351,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $238,555 |
| Prepaid expenses and deferred charges | $45,777 |
| Net Land, buildings, and equipment | $27,236,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,544,335 |
| Accounts payable and accrued expenses | $709,682 |
| Grants payable | $0 |
| Deferred revenue | $4,803,307 |
| 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 | $8,494,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,156,327 |
| Total liabilities | $15,164,121 |
| Net assets without donor restrictions | $18,380,214 |
| 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 | $33,544,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |