Spring Ford Country Club
- Assets
- $5.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 129
- Location
- Royersford, PA
- Founding
- 01/1942
- Data as of
- 03/2022
- EIN
- 23-1112160
Organization Overview
Spring Ford Country Club is located in Royersford, PA. The organization was established in 1942. 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 03/2022, Spring Ford Country Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Ford 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 03/2022, Spring Ford Country Club generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.7m during the year ending 03/2022. 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 OPERATE A GOLF COURSE, RESTAURANT, BAR, AND SWIMMING POOL FOR THE BENEFIT OF CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A GOLF COURSE, RESTAURANT, BAR, AND SWIMMING POOL FOR THE BENEFIT OF THE CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Berkowitz General Manager | 40 | $142,947 | |
Joseph Sterchak President | OfficerTrustee | 5 | $0 |
Greg Mclaughlin 1st Vice President | OfficerTrustee | 5 | $0 |
Mike Roynan 2nd Vice President | OfficerTrustee | 5 | $0 |
Scott Kalish Secretary | OfficerTrustee | 5 | $0 |
Ron Pogue Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,298,552 |
| 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 | $2,298,552 |
| Total Program Service Revenue | $342,093 |
| Investment income | $552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$213,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $187,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,982,100 |
| 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 | $1,101,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,277 |
| Payroll taxes | $100,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,017 |
| Advertising and promotion | $18,607 |
| Office expenses | $34,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,719 |
| Travel | $570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,141 |
| Interest | $5,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,869 |
| Insurance | $71,798 |
| All other expenses | $60,291 |
| Total functional expenses | $2,664,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250 |
| Savings and temporary cash investments | $1,366,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $347,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,124 |
| Prepaid expenses and deferred charges | $129,549 |
| Net Land, buildings, and equipment | $3,653,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,635,626 |
| Accounts payable and accrued expenses | $282,836 |
| 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 | $66,968 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,008,979 |
| Total liabilities | $2,358,783 |
| Net assets without donor restrictions | $3,276,843 |
| 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 | $5,635,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |