Somerset Hills Country Club
- Assets
- $11.8m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 138
- Location
- Bernardsville, NJ
- Founding
- 03/1937
- Data as of
- 12/2022
- EIN
- 22-1293000
Organization Overview
Somerset Hills Country Club is located in Bernardsville, NJ. The organization was established in 1937. 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, Somerset Hills Country Club employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Hills 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 12/2022, Somerset Hills Country Club generated $7.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 5 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 OFFER LEGENDARY SERVICES & ACTIVITIES & FACILITIES TO OUR MEMBERS, THEIR FAMILIES & GUESTS FOR THE ENJOYMENT OF THE FINEST TRADITIONS OF GOLF, TENNIS & DINNING.
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 |
|---|---|---|---|
Sean F Flanagan President | OfficerTrustee | 3 | $0 |
Susan Doherty Vice President | OfficerTrustee | 3 | $0 |
Mark J Nugent Secretary | OfficerTrustee | 3 | $0 |
John D Moriarty Treasurer | OfficerTrustee | 3 | $0 |
Jeffrey S Chiesa Governor | Trustee | 3 | $0 |
Judy Cuttone Governor | Trustee | 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 | $5,500,543 |
| Investment income | $618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,005,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,586,270 |
| 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. | $270,285 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,875,974 |
| Pension plan accruals and contributions | $28,089 |
| Other employee benefits | $502,775 |
| Payroll taxes | $380,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,298 |
| Advertising and promotion | $0 |
| Office expenses | $385,930 |
| Information technology | $10,458 |
| Royalties | $0 |
| Occupancy | $360,322 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,338,479 |
| Insurance | $159,546 |
| All other expenses | $48,067 |
| Total functional expenses | $7,652,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $1,164,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,418 |
| Prepaid expenses and deferred charges | $318,942 |
| Net Land, buildings, and equipment | $9,476,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $544,157 |
| Total assets | $11,832,117 |
| Accounts payable and accrued expenses | $242,024 |
| Grants payable | $0 |
| Deferred revenue | $582,712 |
| 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 | $236,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,061,206 |
| Net assets without donor restrictions | $10,770,911 |
| 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 | $11,832,117 |