Crestmont Country Club
- Assets
- $25.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 192
- Location
- West Orange, NJ
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 22-1545020
Organization Overview
Crestmont Country Club is located in West Orange, NJ. The organization was established in 1958. As of 12/2022, Crestmont Country Club employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crestmont 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, Crestmont Country Club generated $10.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 6.5% 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 ENCOURAGE AND STIMULATE INTEREST IN OUTDOOR SPORTS; TO PROMOTE AND FOSTER THE PLEASURE OF AND SOCIAL ASSOCIATION AMONG ITS MEMBERS.
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 |
|---|---|---|---|
Andrew Rabinowitz President | OfficerTrustee | 1 | $0 |
Jeffrey Finger Vice President | OfficerTrustee | 1 | $0 |
Bryce Facktor Treasurer | OfficerTrustee | 1 | $0 |
Dr Paul Friedman Secretary | OfficerTrustee | 1 | $0 |
Debbi Fine Governor | Trustee | 1 | $0 |
Heidi Blum Governor | Trustee | 1 | $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 | $8,263,313 |
| Investment income | $17,571 |
| 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 | $2,242,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,540,090 |
| 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. | $397,853 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,082,448 |
| Pension plan accruals and contributions | $13,536 |
| Other employee benefits | $470,151 |
| Payroll taxes | $480,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $28,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,392 |
| Advertising and promotion | $52,116 |
| Office expenses | $314,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $805,891 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305 |
| Interest | $583,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,105,675 |
| Insurance | $162,078 |
| All other expenses | $245,707 |
| Total functional expenses | $9,913,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,030,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,531,357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,902 |
| Prepaid expenses and deferred charges | $93,036 |
| Net Land, buildings, and equipment | $19,622,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,331 |
| Total assets | $25,725,230 |
| Accounts payable and accrued expenses | $307,843 |
| Grants payable | $0 |
| Deferred revenue | $589,695 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,884,293 |
| Total liabilities | $16,781,831 |
| Net assets without donor restrictions | $8,943,399 |
| 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 | $25,725,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pelham Country Club Pelham Manor, NY | $46,329,070 | $12,096,913 |
Westhampton Country Club Inc Westhampton Beach, NY | $24,191,195 | $11,035,707 |
Crestmont Country Club West Orange, NJ | $25,725,230 | $10,540,090 |
Country Club Of Buffalo Williamsville, NY | $17,512,590 | $7,434,781 |
Spring Lake Bath And Tennis Club Spring Lake, NJ | $7,413,280 | $5,395,132 |
Hill Crest Country Club Lower Burrell, PA | $3,667,535 | $1,976,886 |
Oswego Country Club Oswego, NY | $1,608,289 | $1,185,318 |
Fort Schuyler Club Utica, NY | $981,803 | $832,560 |
Community Assisted Tenant Controlled Housing Inc New York, NY | $1,063,875 | $323,199 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,084,480 | $574,392 |
City Island Yacht Club Inc City Island, NY | $421,967 | $440,250 |
Osiris Country Club Inc Walden, NY | $10,354 | -$22,028 |