Newton Country Club
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Newton, NJ
- Founding
- 11/1974
- Data as of
- 12/2022
- EIN
- 22-1414269
Organization Overview
Newton Country Club is located in Newton, NJ. The organization was established in 1974. 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, Newton Country Club employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton 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, Newton Country Club generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
ORGANIZATION OPERATES GOLF COURSE FOR USE BY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP FEES ARE COLLECTED FROM MEMBERS IN ACCORDANCE WITH THE BY-LAWS. THE CLUB THEN PROVIDES ACCESS TO THE GOLF COURSE AND DINING ACCOMMODATIONS TO THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rome Vice President | OfficerTrustee | 5 | $0 |
Marie Callahan President | OfficerTrustee | 5 | $0 |
Bruce Murphy Trustee | Trustee | 2 | $0 |
Tom Ayres Trustee | Trustee | 2 | $0 |
Paul Tracy Trustee | Trustee | 2 | $0 |
Joan Gould Trustee | Trustee | 2 | $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 | $1,832,297 |
| Investment income | $13,340 |
| 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 | $330,176 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,265,012 |
| 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 | $948,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $191,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $144 |
| Office expenses | $64,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,950 |
| Insurance | $75,621 |
| All other expenses | $8,199 |
| Total functional expenses | $2,118,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $364,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,481 |
| Prepaid expenses and deferred charges | $9,231 |
| Net Land, buildings, and equipment | $950,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,397 |
| Total assets | $1,972,555 |
| Accounts payable and accrued expenses | $87,848 |
| Grants payable | $0 |
| Deferred revenue | $30,738 |
| 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 | $236,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $229,000 |
| Total liabilities | $584,046 |
| Net assets without donor restrictions | $1,388,509 |
| 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 | $1,972,555 |
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Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
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