Somerset Lake & Game Club

Organization Overview

Somerset Lake & Game Club is located in Far Hills, NJ. The organization was established in 1934. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2024, Somerset Lake & Game Club employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Lake & Game Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 03/2024, Somerset Lake & Game Club generated $697.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $586.4k during the year ending 03/2024. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

SOMERSET LAKE & GAME CLUB WAS FORMED FOR SOCIAL, INTELLECTUAL AND RECREATIONAL PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS PROVIDED INCLUDE SWIMMING, BOATING, FISHING, AND PICNICS FOR THE MEMBER FAMILIES.


FIVE (5) WEEK SUMMER CAMP FOR CHILDREN OF THE MEMBERS FROM AGES 4 TO 13. THE PARTICIPANTS ARE ENGAGED IN ARTS AND CRAFTS, GAMES AND SWIMMING DURING THE 3 HOUR CAMP SESSION.


TENNIS LESSONS ARE OFFERED TO MEMBERS AND THEIR FAMILIES


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Board, Officers & Key Employees

Name (title)Compensation
Michael Osterman
Trustee
$0
Lauren Diemar
Trustee
$0
John Turpin
President
$0
Matthew Phillips
Trustee
$0
Tressa Baird
Trustee
$0
Arden Miller
Treasurer
$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$679,137
Investment income $18,491
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $225
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $697,853

Peer Organizations

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