Raritan Valley Country Club
- Assets
- $11.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 108
- Location
- Bridgewater, NJ
- Founding
- 12/1924
- Data as of
- 12/2021
- EIN
- 22-1220580
Organization Overview
Raritan Valley Country Club is located in Bridgewater, NJ. The organization was established in 1924. 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, Raritan Valley Country Club employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raritan Valley 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, Raritan Valley Country Club generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 2.4% 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
PRIVATELY OWNED CLUB PROVIDING GOLFING & SOCIAL ACTIVITIES FOR ITS MEMBERS & THEIR GUESTS.
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 |
|---|---|---|---|
Patrick J Boucher General Manager | Officer | 50 | $175,578 |
James Rusnic Superintendent | 60 | $147,500 | |
Filomena Lombadi Executive Chef | 60 | $119,050 | |
David Briones President | OfficerTrustee | 3 | $0 |
David M Monahan Jr Co-Vice President | OfficerTrustee | 3 | $0 |
Williwm E Hotz Co-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 | $3,260,399 |
| Investment income | $10,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,512,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,210,511 |
| 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. | $183,232 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,755,766 |
| Pension plan accruals and contributions | $15,874 |
| Other employee benefits | $222,821 |
| Payroll taxes | $213,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,519 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,649 |
| Advertising and promotion | $38,475 |
| Office expenses | $121,712 |
| Information technology | $40,949 |
| Royalties | $0 |
| Occupancy | $377,395 |
| Travel | $17,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $581,732 |
| Insurance | $134,943 |
| All other expenses | $62,588 |
| Total functional expenses | $4,984,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875 |
| Savings and temporary cash investments | $2,182,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,076,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $142,166 |
| Prepaid expenses and deferred charges | $34,687 |
| Net Land, buildings, and equipment | $7,123,154 |
| Investments—publicly traded securities | $1,295,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,855,490 |
| Accounts payable and accrued expenses | $401,873 |
| Grants payable | $0 |
| Deferred revenue | $2,317,881 |
| 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 | $154,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,945,004 |
| Total liabilities | $5,819,311 |
| Net assets without donor restrictions | $6,036,179 |
| 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 | $11,855,490 |
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|---|---|---|
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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 |