The information for Spring Lake Bath and Tennis Club is as of the organization's most recent filing in October 2020. This organization is located in Spring Lake, NJ and has been in existence for 42 years, since its founding in 1978.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Spring Lake Bath And Tennis Club's NTEE code is N51. The "N" tells us that the organization is classified along with Recreation & Sports. The "51" tells us that the organization is a Social and Recreational Clubs. The NTEE describes Social and Recreational Clubs as organizations that provide social and recreational services for members.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Spring Lake Bath And Tennis Club is to provide social and recreational services for its members.
Program Area 1: Within the general fund the organization reports all revenues, support, and functional expenses related to the house, junior, tennis, and entertainment activities.
Spring Lake Bath And Tennis Club is run by Shawn Doherty, who is the President. The organization has 226 employees, of whom only 3 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 10 volunteers.
The Spring Lake Bath And Tennis Club is governed by a board of 10 voting members. The board meetings are documented, and the organization provides copies of the 990 to the board prior to filing. Unfortunately, the organization does not have any independent members, a conflict of interest policy, a written whistleblower policy, a document retention policy, or policies to substantiate and review leadership and officer salaries. As a result, the organization may be at risk of potential conflicts of interest and improper use of funds.
The Spring Lake Bath And Tennis Club appears to have experienced little to no growth over the given time period. Contributions & Grants Received, Investment Income, Other Revenue, Total Revenue, Employee Salaries, Total Expenses, Total Employees, and Total Volunteers all remained the same.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Fred Barton Tennis Pro | Officer | 40 | $186,121 |
Robert Albanese Controller | Officer | 40 | $168,242 |
Mark Mcternan Chief | Officer | 40 | $141,558 |
Jackie Mangini Controller | Officer | 40 | $98,663 |
Kathy Mulrenan Secretary | Officer | 40 | $76,694 |
Shawn Doherty President | OfficerTrustee | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,667,099 |
Investment income | $23,452 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$10,055 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $734,586 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,415,082 |
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. | $671,278 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,047,061 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $156,491 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,838 |
Fees for services: Accounting | $18,980 |
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 | $0 |
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 | $384,980 |
Insurance | $137,369 |
All other expenses | $281,193 |
Total functional expenses | $3,287,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,250,374 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $135,774 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $58,700 |
Prepaid expenses and deferred charges | $12,365 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,086,734 |
Accounts payable and accrued expenses | $82,591 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $1,356,285 |
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 | $95,433 |
Total liabilities | $178,024 |
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 | $6,908,710 |
Over the last fiscal year, we have identified 1 grants that Spring Lake Bath And Tennis Club has recieved totaling $100.
Awarding Organization | Amount |
---|---|
Flaherty Foundation Spring Lake, NJ PURPOSE: GENERAL CHARITABLE | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Westhampton Country Club Inc Westhampton Beach, NY | $23,462,713 | $10,560,693 |
Crestmont Country Club West Orange, NJ | $25,308,665 | $12,799,982 |
Pelham Country Club Pelham Manor, NY | $41,819,106 | $10,163,055 |
Country Club Of Buffalo Williamsville, NY | $18,336,233 | $6,990,234 |
Spring Lake Bath And Tennis Club Spring Lake, NJ | $7,086,734 | $3,415,082 |
Hill Crest Country Club Lower Burrell, PA | $3,269,850 | $1,701,411 |
Oswego Country Club Oswego, NY | $1,701,518 | $1,153,967 |
Fort Schuyler Club Utica, NY | $916,187 | $572,292 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,113,169 | $563,706 |
City Island Yacht Club Inc City Island, NY | $426,353 | $470,217 |
Community Assisted Tenant Controlled Housing Inc New York, NY | $1,052,154 | $548,328 |
Osiris Country Club Inc Walden, NY | $49,494 | -$28,165 |