Morristown Field Club
- Assets
- $1.4m
- Revenue
- $719.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, NJ
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 22-1128600
Organization Overview
Morristown Field Club is located in Madison, NJ. The organization was established in 1989. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Morristown Field Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morristown Field 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, Morristown Field Club generated $719.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $357.6k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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
TO ENCOURAGE AND PROVIDE FACILITIES FOR THE ATHLETIC, RECREATIONAL AND SOCIAL ACTIVITIES OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND PROVIDE FACILITIES FOR THE ATHLETIC, RECREATIONAL AND SOCIAL ACTIVITIES OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Humphreys Trustee | Trustee | 2 | $0 |
Kyle Colwell Trustee | Trustee | 2 | $0 |
Troy Kennedy Trustee | Trustee | 2 | $0 |
Thu Thai Trustee | Trustee | 2 | $0 |
Lisa Webber Trustee | Trustee | 2 | $0 |
Richard Sahlman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shaughnessy Sports Construction Construction | 12/30/23 | $117,080 |
Danill Tarantinov Athletic Instruction Svcs | 12/30/23 | $178,770 |
Court Pro Llc Construction | 12/30/23 | $133,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $701,028 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,300 |
| Total Program Service Revenue | $0 |
| Investment income | $15,655 |
| 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 | $718,955 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,577 |
| Fees for services: Management | $9,690 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,805 |
| Advertising and promotion | $0 |
| Office expenses | $515 |
| Information technology | $2,177 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,643 |
| Insurance | $26,391 |
| All other expenses | $25,925 |
| Total functional expenses | $357,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,229 |
| Savings and temporary cash investments | $289,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,494 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $379,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $620,278 |
| Total assets | $1,439,922 |
| Accounts payable and accrued expenses | $6,516 |
| Grants payable | $0 |
| Deferred revenue | $96,825 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $703 |
| Total liabilities | $104,044 |
| Net assets without donor restrictions | $1,335,878 |
| 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 | $1,439,922 |