Hackensack Golf Club
- Assets
- $14.4m
- Revenue
- $10.5m
- Investments
- $103.6k
- Employees
- 320
- Location
- Oradell, NJ
- Founding
- 09/1931
- Data as of
- 03/2023
- EIN
- 22-0970630
Organization Overview
Hackensack Golf Club is located in Oradell, NJ. The organization was established in 1931. 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, Hackensack Golf Club employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hackensack 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, Hackensack Golf Club generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.2m during the year ending 03/2023. While expenses have increased by 3.2% 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
TO PROVIDE SUITABLE GROUNDS AND FACILITIES FOR GOLF AND OTHER SPORTS IN ORDER TO PROMOTE HEALTHFUL RECREATION AND SOCIABILITY AMONG ITS MEMBERS.
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 |
|---|---|---|---|
Timothy E Lane President | OfficerTrustee | 2.5 | $0 |
Deborah L Murphy Vice President | OfficerTrustee | 2.5 | $0 |
Bryan J Lynch Secretary | OfficerTrustee | 2.5 | $0 |
Patrick Haveron Treasurer | OfficerTrustee | 2.5 | $0 |
Kenneth Barkauskas Trustee | Trustee | 2.5 | $0 |
William R Bors Trustee | Trustee | 2.5 | $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 | $6,396,506 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,534 |
| 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 | $4,076,241 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,505,281 |
| 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. | $615,336 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,908,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $502,726 |
| Payroll taxes | $553,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,359 |
| Fees for services: Accounting | $30,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,534 |
| Advertising and promotion | $0 |
| Office expenses | $269,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $920,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $211,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,229,221 |
| Insurance | $183,816 |
| All other expenses | $0 |
| Total functional expenses | $10,236,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,000 |
| Savings and temporary cash investments | $1,433,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,898 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $168,011 |
| Prepaid expenses and deferred charges | $14,994 |
| Net Land, buildings, and equipment | $12,420,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $103,620 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,364,751 |
| Accounts payable and accrued expenses | $204,365 |
| Grants payable | $0 |
| Deferred revenue | $517,941 |
| 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 | $4,844,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,566,677 |
| Net assets without donor restrictions | $8,798,074 |
| 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 | $14,364,751 |