Members Of Bradford Inc
- Assets
- $5.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Montclair, NJ
- Founding
- Data as of
- 09/2023
- EIN
- 55-0881584
Organization Overview
Members Of Bradford Inc is located in Montclair, NJ. As of 09/2023, Members Of Bradford Inc employed 107 individuals. Members Of Bradford Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Members Of Bradford Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.7m during the year ending 09/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PRIVATE, MEMBER-OWNED POOL AND TENNIS CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF BRADFORD, INC OPERATES A POOL AND TENNIS CLUB WITH 344 ADULT COUPLE MEMBERS, 92 SINGLE MEMBERS AND 2 JUNIOR MEMBERS. THE CLUB HAD A SUCCESSFULL SEASON OF TENNIS, SWIMMING AND SOCIAL EVENTS.
FORM 990, PART III, LINE 4D - ALL OTHER ACCOMPLISHMENTS MEMBERS OF BRADFORD, INC. OPERATES A POOL AND TENNIS CLUB WITH 688 ADULT COUPLE MEMBERS, 92 SINGLE MEMBERS AND 1 JUNIOR MEMBERS. THE CLUB HAD A SUCCESSFUL SEASON OF TENNIS, SWIMMING AND SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lo Monte General Mana | Officer | 40 | $223,558 |
James Quagliana Director Of | Officer | 40 | $173,594 |
Alexandra M Hilberth Controller | 40 | $115,164 | |
Tom Creaser Trustee | 4 | $0 | |
Kc Donahue Trustee | 4 | $0 | |
Saiful Khan Trustee | 4 | $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 | $2,704,005 |
| Investment income | $13,053 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,717,058 |
| 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 | $1,372,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,248 |
| Payroll taxes | $118,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,282 |
| 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 | $183,000 |
| Insurance | $75,409 |
| All other expenses | $302,670 |
| Total functional expenses | $2,744,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,886 |
| 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 | $6,409 |
| Net Land, buildings, and equipment | $2,397,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,546,324 |
| Total assets | $5,373,823 |
| Accounts payable and accrued expenses | $100,489 |
| Grants payable | $0 |
| Deferred revenue | $69,233 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $169,722 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,621,902 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,071,673 |
| Retained earnings, endowment, accumulated income, or other funds | $1,510,526 |
| Total liabilities and net assets/fund balances | $5,373,823 |