Newton Country Club
- Assets
- $1.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 47
- Location
- Newton, NJ
- Founding
- 11/1974
- Data as of
- 12/2023
- 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 12/2023, Newton Country Club employed 47 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 12/2023, Newton Country Club generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 3.5% 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
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 President | OfficerTrustee | 5 | $0 |
Paul Mcevoy Vice President | OfficerTrustee | 5 | $0 |
Tom Ayres Secretary | OfficerTrustee | 2 | $0 |
Ben Pokrywa Treasurer | OfficerTrustee | 2 | $0 |
Bruce Murphy Trustee | Trustee | 2 | $0 |
Mike Mohammadi 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 | $2,020,174 |
| Investment income | $16,825 |
| 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 | $341,953 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,880 |
| 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 | $1,080,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $253,089 |
| 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 | $115 |
| Office expenses | $78,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,279 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,308 |
| Insurance | $87,538 |
| All other expenses | $8,825 |
| Total functional expenses | $2,354,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,388 |
| Prepaid expenses and deferred charges | $9,889 |
| Net Land, buildings, and equipment | $1,112,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,575 |
| Total assets | $1,727,657 |
| Accounts payable and accrued expenses | $127,140 |
| Grants payable | $0 |
| Deferred revenue | $9,572 |
| 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 | $42,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,956 |
| Total liabilities | $290,707 |
| Net assets without donor restrictions | $1,436,950 |
| 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 | $1,727,657 |