Mendham Golf And Tennis Club
- Assets
- $11.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 91
- Location
- Mendham, NJ
- Founding
- 04/1969
- Data as of
- 10/2023
- EIN
- 22-1686943
Organization Overview
Mendham Golf And Tennis Club is located in Mendham, NJ. The organization was established in 1969. 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 10/2023, Mendham Golf And Tennis Club employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mendham Golf And Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Mendham Golf And Tennis Club generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $6.0m during the year ending 10/2023. While expenses have increased by 8.6% 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
TO FOSTER RECREATION IN GOLF, TENNIS AND PADDLE TENNIS BY PROVIDING FACILITIES FOR THESE ACTIVITIES AND RELATED SOCIAL FUNCTIONS FOR MEMBERS, THEIR FAMILIES AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Hosking President | OfficerTrustee | 2 | $0 |
John J Iaciofano Vice President | OfficerTrustee | 2 | $0 |
Chris Michaels Secretary | OfficerTrustee | 2 | $0 |
Steve Levinn Treasurer | OfficerTrustee | 2 | $0 |
Jason Geary Board Member | Trustee | 2 | $0 |
Arjan Roghanchi Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nmp Golf Construction Corp Golf Course Construction Services | 10/30/23 | $574,507 |
Petar Tormic Tennis Llc Tennis Instruction | 10/30/23 | $102,500 |
Disousa Contracting Consulting Llc Club Renovation | 10/30/23 | $837,855 |
Charlie's Paving Parking Lot Paving | 10/30/23 | $109,500 |
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 | $5,022,642 |
| Investment income | $14,167 |
| 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 | $933,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,970,221 |
| 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. | $399,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,453,466 |
| Pension plan accruals and contributions | $400 |
| Other employee benefits | $188,638 |
| Payroll taxes | $348,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,435 |
| Fees for services: Accounting | $79,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,482 |
| Advertising and promotion | $0 |
| Office expenses | $134,504 |
| Information technology | $52,958 |
| Royalties | $0 |
| Occupancy | $254,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $307,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $631,790 |
| Insurance | $196,166 |
| All other expenses | $35,072 |
| Total functional expenses | $6,004,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,397 |
| Savings and temporary cash investments | $595,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $670,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,275 |
| Prepaid expenses and deferred charges | $123,575 |
| Net Land, buildings, and equipment | $9,320,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $978,458 |
| Total assets | $11,727,990 |
| Accounts payable and accrued expenses | $533,279 |
| Grants payable | $0 |
| Deferred revenue | $149,542 |
| 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 | $5,406,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,911,475 |
| Total liabilities | $8,000,808 |
| Net assets without donor restrictions | $3,727,182 |
| 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 | $11,727,990 |