Crestview Club Corporation is located in New Providence, NJ. The organization was established in 1960. 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 12/2023, Crestview Club Corporation employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crestview Club Corporation 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, Crestview Club Corporation generated $521.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $647.1k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 6 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
THE PROVISION OF SOCIAL RECREATIONAL AND ATHLETIC ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF ATHLETIC, SWIMMING, TENNIS AND RECREATIONAL ACTIVITIES TO ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Knight Manager | 40 | $23,170 | |
Clint Pazdera Assistant Manager | Officer | 40 | $14,698 |
Sean Foley Assistant Manager | Officer | 40 | $10,312 |
Caraline Smith Camp Organizer | Officer | 40 | $12,500 |
Richard Angel President | OfficerTrustee | $0 | |
Brian Darling Operations Trustee | OfficerTrustee | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Charlton P Rankine Tennis Professional | 12/30/23 | $22,375 |
Elis L Sanders Oher | 12/30/23 | $1,378 |
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 | $515,854 |
Investment income | $5,530 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $521,384 |
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 | $154,711 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $38,676 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,450 |
Fees for services: Accounting | $4,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $98,755 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,869 |
Insurance | $25,802 |
All other expenses | $11,543 |
Total functional expenses | $647,140 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,747 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $430,120 |
Investments—publicly traded securities | $108,277 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $545,144 |
Accounts payable and accrued expenses | $29,904 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $131,000 |
Total liabilities | $160,904 |
Net assets without donor restrictions | $0 |
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 | $384,240 |
Total liabilities and net assets/fund balances | $545,144 |