Hackensack Golf Club
- Assets
- $14.6m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 195
- Location
- Oradell, NJ
- Founding
- 09/1931
- Data as of
- 03/2022
- 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 03/2022, Hackensack Golf Club employed 195 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 03/2022, Hackensack Golf Club generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $9.4m during the year ending 03/2022. While expenses have increased by 3.7% 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman T Forsyth General Manager | Officer | 60 | $279,544 |
Richard B Lane Grounds Keeper | Officer | 60 | $219,850 |
Lawrence J Knapp Executive Cheff | 60 | $159,665 | |
Graziano Favro Martrie"d | 60 | $142,667 | |
Timothy Lane President | OfficerTrustee | 2.5 | $0 |
William Lintner III Vice President | OfficerTrustee | 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 | $6,117,594 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,387 |
| 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 | $3,356,338 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,649,565 |
| 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. | $493,661 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,447,593 |
| Pension plan accruals and contributions | $23,711 |
| Other employee benefits | $523,469 |
| Payroll taxes | $456,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,839 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,674 |
| Advertising and promotion | $0 |
| Office expenses | $257,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $814,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $225,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,345,044 |
| Insurance | $181,025 |
| All other expenses | $0 |
| Total functional expenses | $9,396,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,000 |
| Savings and temporary cash investments | $1,299,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,130 |
| Prepaid expenses and deferred charges | $4,527 |
| Net Land, buildings, and equipment | $12,765,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,552,475 |
| Accounts payable and accrued expenses | $426,617 |
| Grants payable | $0 |
| Deferred revenue | $474,652 |
| 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 | $5,265,890 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $178,878 |
| Total liabilities | $6,346,037 |
| Net assets without donor restrictions | $8,206,438 |
| 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 | $14,552,475 |
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|---|---|---|
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Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |