Madison Golf Club
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Madison, NJ
- Founding
- 04/1985
- Data as of
- 11/2020
- EIN
- 22-1084815
Organization Overview
Madison Golf Club is located in Madison, NJ. The organization was established in 1985. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 11/2020, Madison Golf Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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 11/2020, Madison Golf Club generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.3m during the year ending 11/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GOLF CLUB MEMBERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Beltrame Treasurer | Officer | 5 | $0 |
Mark Shannon Secretary | Officer | 5 | $0 |
Darren Tapp President | Officer | 5 | $0 |
Lisa Baird Vice Preside | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,339 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,457,561 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,708 |
| Fees for services: Accounting | $9,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,674 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,306,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,463,433 |
| Accounts payable and accrued expenses | $55,113 |
| 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 | $810,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $189,948 |
| Total liabilities | $1,055,619 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,407,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Spring Lake Golf Club Spring Lake, NJ | $38,282,352 | $9,016,811 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Smoke Rise Club Kinnelon, NJ | $2,441,144 | $4,889,227 |
Pittsburgh Golf Club Pittsburgh, PA | $8,344,017 | $4,467,667 |
First Tee New York Inc Bronx, NY | $7,549,038 | $6,113,567 |
Cobbs Creek Restoration And Community Foundation West Conshohocken, PA | $9,472,650 | $6,266,372 |
Philadelphia Section P G A Inc Lower Gwynedd, PA | $1,922,995 | $2,496,327 |