Newark Country Club
- Assets
- $3.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Newark, DE
- Founding
- 03/1945
- Data as of
- 12/2022
- EIN
- 51-0035715
Organization Overview
Newark Country Club is located in Newark, DE. The organization was established in 1945. 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 12/2022, Newark Country Club employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark 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 12/2022, Newark Country Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A COUNTRY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FOR USE BY MEMBERS & GUESTS W/ GOLF CARTS & LOCKER ROOM FACILITIES. AT 12/31/2022 THE CLUB HAD 315 MEMBERSHIPS, INCLUDING SINGLE & FAMILY.
FOOD & BEVERAGE SERVICE FOR MEMBERS CONSISTING OF DINING ROOM, GRILLE & LOUNGE.
SWIMMING POOL AND FACILITIES FOR USE BY MEMBERS & GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Dickson Vice-President | OfficerTrustee | 2.5 | $0 |
James Fox Director | Trustee | 2.5 | $0 |
Dale Hoover Director | Trustee | 2.5 | $0 |
Roger Landon Secretary | OfficerTrustee | 2.5 | $0 |
Alan Wagenschnur Director | Trustee | 2.5 | $0 |
Robert Perago Director | Trustee | 2.5 | $0 |
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 | $1,468,464 |
| Investment income | $15,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $238,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,887,644 |
| 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. | $97,833 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,209 |
| Payroll taxes | $84,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,174 |
| Advertising and promotion | $9,721 |
| Office expenses | $6,482 |
| 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 | $7,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,590 |
| Insurance | $61,904 |
| All other expenses | $86,078 |
| Total functional expenses | $1,594,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,537,256 |
| Inventories for sale or use | $38,763 |
| Prepaid expenses and deferred charges | $100,411 |
| Net Land, buildings, and equipment | $426,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,149,135 |
| Accounts payable and accrued expenses | $45,933 |
| Grants payable | $0 |
| Deferred revenue | $83,678 |
| 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 | $235,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,377,262 |
| Total liabilities | $1,742,747 |
| Net assets without donor restrictions | $1,406,388 |
| 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 | $3,149,135 |