Knickerbocker Country Club
- Assets
- $14.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 210
- Location
- Tenafly, NJ
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 22-1042210
Organization Overview
Knickerbocker Country Club is located in Tenafly, 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 12/2021, Knickerbocker Country Club employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knickerbocker Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Knickerbocker Country Club generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 3.8% 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 PROMOTE SOCIAL AND RECREATION FELLOWSHIP AMONG ITS MEMBERS WITH THE USUAL FACILITIES AND ACCOMMODATIONS FOR THE USE AND ENJOYMENT OF 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 |
|---|---|---|---|
Ryan Keenan General Manager | Officer | 40 | $248,852 |
Marco Grangeiro Dir. Of Racquet Sports | 40 | $207,331 | |
Richard Lowack Assistant Manager | 40 | $197,467 | |
Kyle Hillegass Golf Course Superintendent | Officer | 40 | $187,782 |
William Hook Golf Pro | 40 | $139,902 | |
Christopher Minnetian Vice President | OfficerTrustee | 3 | $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 | $6,049,478 |
| Investment income | $2,214 |
| 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 | $3,092,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,521,700 |
| 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. | $468,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,026,668 |
| Pension plan accruals and contributions | $47,623 |
| Other employee benefits | $209,882 |
| Payroll taxes | $425,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,603 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,632 |
| Advertising and promotion | $0 |
| Office expenses | $98,340 |
| Information technology | $107,869 |
| Royalties | $0 |
| Occupancy | $1,198,202 |
| Travel | $6,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958,792 |
| Insurance | $131,704 |
| All other expenses | $107,467 |
| Total functional expenses | $8,793,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,987 |
| Savings and temporary cash investments | $2,152,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,644,911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,775 |
| Prepaid expenses and deferred charges | $222,250 |
| Net Land, buildings, and equipment | $9,052,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $854,409 |
| Total assets | $14,416,669 |
| Accounts payable and accrued expenses | $852,775 |
| 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 | $1,383,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,287,537 |
| Total liabilities | $5,523,582 |
| Net assets without donor restrictions | $8,893,087 |
| 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 | $14,416,669 |
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|---|---|---|
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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 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
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 |