Mendham Golf And Tennis Club
- Assets
- $6.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 108
- Location
- Mendham, NJ
- Founding
- 04/1969
- Data as of
- 10/2020
- 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 10/2020, Mendham Golf And Tennis Club employed 108 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 10/2020, Mendham Golf And Tennis Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.5m during the year ending 10/2020. While expenses have increased by 1.1% 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
2020
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Boyle Greens Superintendent | Officer | 40 | $150,369 |
Joe Kelly General Manager And Golf P | 40 | $139,512 | |
Ron Slahetka President | OfficerTrustee | 2 | $0 |
Fred Gruel Vice President | OfficerTrustee | 2 | $0 |
Steve Rittersbach Secretary | OfficerTrustee | 2 | $0 |
Ralph Marcello Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $18,711 |
| 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 | $558,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,091,546 |
| Statement of Expenses | |
|---|---|
| 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. | $170,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,359,018 |
| Pension plan accruals and contributions | $3,058 |
| Other employee benefits | $94,752 |
| Payroll taxes | $210,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,336 |
| Fees for services: Accounting | $13,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,623 |
| Advertising and promotion | $0 |
| Office expenses | $158,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,771 |
| Insurance | $138,071 |
| All other expenses | $0 |
| Total functional expenses | $3,497,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,836 |
| Savings and temporary cash investments | $724,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $604,220 |
| 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 | $67,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,628 |
| Total assets | $6,138,329 |
| Accounts payable and accrued expenses | $120,163 |
| Grants payable | $0 |
| Deferred revenue | $34,000 |
| 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 | $1,360,909 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,223,674 |
| Total liabilities | $3,738,746 |
| 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 |
| Total liabilities and net assets/fund balances | $2,399,583 |
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