Montclair Golf Club
- Assets
- $33.6m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 348
- Location
- Montclair, NJ
- Founding
- 01/1935
- Data as of
- 12/2022
- EIN
- 22-1124720
Organization Overview
Montclair Golf Club is located in Montclair, NJ. The organization was established in 1935. 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 12/2022, Montclair Golf Club employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair 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 12/2022, Montclair Golf Club generated $19.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $17.6m during the year ending 12/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH AND PLEASURE OF ITS MEMBERS AND TO OPERATE AS A PRIVATE, NOT-FOR-PROFIT CLUB FOR THE RECREATIONAL AND SOCIAL BENEFIT 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 |
|---|---|---|---|
David B Stith President | OfficerTrustee | 2 | $0 |
Kevin M Finlay Vice President | OfficerTrustee | 2 | $0 |
Robert C Blanz Treasurer | OfficerTrustee | 2 | $0 |
Thomas P Higgins Secretary | OfficerTrustee | 2 | $0 |
Jason S Carlough Trustee | Trustee | 2 | $0 |
Leeann T Easterlin Trustee | Trustee | 2 | $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 | $14,897,698 |
| Investment income | $180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,272 |
| 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 | $4,563,975 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,543,125 |
| 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. | $816,089 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,567,618 |
| Pension plan accruals and contributions | $59,028 |
| Other employee benefits | $530,085 |
| Payroll taxes | $745,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $310,833 |
| Fees for services: Accounting | $33,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,881 |
| Advertising and promotion | $0 |
| Office expenses | $959,804 |
| Information technology | $45,492 |
| Royalties | $0 |
| Occupancy | $1,811,413 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $74,163 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,469,693 |
| Insurance | $405,742 |
| All other expenses | $0 |
| Total functional expenses | $17,568,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,000 |
| Savings and temporary cash investments | $830,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $291,440 |
| Prepaid expenses and deferred charges | $227,353 |
| Net Land, buildings, and equipment | $30,473,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740,532 |
| Total assets | $33,648,711 |
| Accounts payable and accrued expenses | $475,432 |
| Grants payable | $0 |
| Deferred revenue | $305,885 |
| 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 | $5,630,841 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,276,603 |
| Total liabilities | $9,688,761 |
| Net assets without donor restrictions | $23,959,950 |
| 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 | $33,648,711 |