Baltusrol Golf Club
- Assets
- $75.9m
- Revenue
- $29.2m
- Investments
- $0.0
- Employees
- 291
- Location
- Springfield, NJ
- Founding
- 02/1943
- Data as of
- 03/2023
- EIN
- 22-0752220
Organization Overview
Baltusrol Golf Club is located in Springfield, NJ. The organization was established in 1943. 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 03/2023, Baltusrol Golf Club employed 291 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltusrol 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 03/2023, Baltusrol Golf Club generated $29.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $27.0m during the year ending 03/2023. While expenses have increased by 4.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES TO PLAY GOLF AND A CLUBHOUSE WITH DINING FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES AND 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 |
|---|---|---|---|
Matthew Wirths President | OfficerTrustee | 3 | $0 |
Douglas W Rotatori Treasurer | OfficerTrustee | 3 | $0 |
Neale X Trangucci Secretary | Trustee | 3 | $0 |
Brian F Amery Governor | Trustee | 3 | $0 |
Niketan R Desai Governor | Trustee | 3 | $0 |
Raymond J Beier Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplegrid Technology It Services | 3/30/23 | $179,996 |
Savatree Arbor Services | 3/30/23 | $134,666 |
Total Turf Golf Services Inc Course Construction Fees | 3/30/23 | $336,920 |
Gmd Carpentry Construction Services | 3/30/23 | $117,520 |
Accurate Electrical Electrician Service | 3/30/23 | $142,346 |
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 | $16,678,062 |
| Investment income | $126,011 |
| 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 | $12,441,406 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,245,479 |
| 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. | $1,390,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,788,359 |
| Pension plan accruals and contributions | $123,556 |
| Other employee benefits | $1,842,030 |
| Payroll taxes | $1,196,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $506,474 |
| Advertising and promotion | $0 |
| Office expenses | $2,170,434 |
| Information technology | $2,239 |
| Royalties | $0 |
| Occupancy | $1,243,345 |
| Travel | $22,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,554,639 |
| Insurance | $566,068 |
| All other expenses | $0 |
| Total functional expenses | $27,046,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $518,348 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,711,520 |
| Prepaid expenses and deferred charges | $228,063 |
| Net Land, buildings, and equipment | $59,140,997 |
| Investments—publicly traded securities | $11,603,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,214,491 |
| Total assets | $75,851,413 |
| Accounts payable and accrued expenses | $1,414,322 |
| Grants payable | $0 |
| Deferred revenue | $732,468 |
| 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 | $993,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,604,438 |
| Total liabilities | $6,744,502 |
| Net assets without donor restrictions | $69,106,911 |
| 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 | $75,851,413 |