Morris County Golf Club
- Assets
- $28.1m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 185
- Location
- Convent Station, NJ
- Founding
- 07/1938
- Data as of
- 12/2023
- EIN
- 22-1127690
Organization Overview
Morris County Golf Club is located in Convent Station, NJ. The organization was established in 1938. 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 12/2023, Morris County Golf Club employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris County 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 12/2023, Morris County Golf Club generated $13.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $11.4m during the year ending 12/2023. While expenses have increased by 5.5% 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
SEE SCHEDULE O
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 |
|---|---|---|---|
Kevin Mcmahon President | OfficerTrustee | 3 | $0 |
John Babcock Vice President | OfficerTrustee | 3 | $0 |
William Gallagher Treasurer | OfficerTrustee | 3 | $0 |
Meghan Garrity Secretary | OfficerTrustee | 3 | $0 |
Shawn Cepeda Governor | Trustee | 3 | $0 |
Stephen Long Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seventy-four Construction Llc Construction | 12/30/23 | $1,635,077 |
Harrington Construction Co Inc Construction | 12/30/23 | $936,536 |
Donald J Parks Inc Construction | 12/30/23 | $480,350 |
Lynch Power Electricians | 12/30/23 | $338,292 |
Avila Contractors Llc Construction | 12/30/23 | $274,218 |
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 | $9,700,814 |
| Investment income | $6,628 |
| 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 | $3,573,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,280,722 |
| 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. | $644,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,519,253 |
| Pension plan accruals and contributions | $83,372 |
| Other employee benefits | $389,549 |
| Payroll taxes | $721,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,209 |
| Fees for services: Accounting | $28,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,906 |
| Advertising and promotion | $0 |
| Office expenses | $166,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $927,977 |
| Travel | $4,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,432,917 |
| Insurance | $306,283 |
| All other expenses | $216,723 |
| Total functional expenses | $11,423,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,353,887 |
| Savings and temporary cash investments | $8,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,391,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,734 |
| Prepaid expenses and deferred charges | $517,789 |
| Net Land, buildings, and equipment | $23,908,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $759,974 |
| Total assets | $28,105,018 |
| Accounts payable and accrued expenses | $604,155 |
| 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 | $5,932,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,507,198 |
| Total liabilities | $9,043,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,061,646 |
| 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 | $28,105,018 |