Spring Lake Golf Club in Spring Lake, New Jersey (NJ)

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Spring Lake Golf Club
Employer Identification Number (EIN)221982858
Name of OrganizationSpring Lake Golf Club
AddressPO BOX 32, Spring Lake, NJ 07762-0032
ActivitiesOther recreational activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date01/1974
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$23,504,599
Amount of Income$7,573,310
Form 990 Revenue Amount$6,648,610
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Golf


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Amount of income in 2013: $7,573,310
This organization: 

 $7,573,310
Other organizations performing similar types of work: 

 $85,046

Assets in 2013: $23,504,599
Spring Lake Golf Club: 

 $23,504,599
Other organizations performing similar types of work: 

 $40,564

Expenses in 2012: $6,433,447
This organization: 

 $6,433,447
Other organizations performing similar types of work: 

 $78,528

Income to expenses ratio in 2012: 1.2
Spring Lake Golf Club: 

 1.2
Other organizations performing similar types of work: 

 1.0

Number of employees in 2012: 207
Spring Lake Golf Club: 

 207
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2012: 2.4%
This organization: 

 2.4%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$6,827,432
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,999,084
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$13,828
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$2,683,956
Gross sales of inventory, less returns and allowances$3,698,177
Less: cost of goods sold$1,014,221
Miscellaneous Revenue$130,564
Statement of Functional Expenses (for 2012)
Total functional expenses$6,433,447
Compensation of current officers, directors, trustees, and key employees$205,623
Other salaries and wages$2,451,044
Payroll taxes$411,623
Professional fundraising services$0
Other$3,365,157
Balance Sheet (for 2012)
Total assets$23,219,444
Total liabilities$8,993,348
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$5,312,500
Unsecured notes and loans payable to unrelated third parties$0
Other$3,680,848
Total net assets or fund balances$14,226,096
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022004200520062007
Total revenue$3,671,043$4,111,592$3,977,451$4,625,048$4,927,573$4,490,475$5,313,274
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$494,698$588,226$601,608$653,272$3,413,981$610,356$642,243
Membership dues and assessments$1,999,694$2,177,079$2,205,914$2,497,156$1,098$3,333,760$4,156,396
Interest on savings and temporary cash investments$8,386$3,586$1,431$1,168$29,935$78,944$76,651
Dividends and interest from securities$26,263$29,605$8,630$8,098$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$-2,300$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$2,300$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$1,136,885$1,307,464$1,149,852$1,450,420$1,464,059$453,091$408,287
Gross sales of inventory, less returns and allowances$1,816,399$1,993,127$1,823,716$2,172,643$2,179,299$2,463,306$2,308,309
Less: cost of goods sold$679,514$685,663$673,864$722,223$715,240$2,010,215$1,900,022
Other revenue$5,117$5,632$10,016$14,934$20,800$14,324$29,697
Total expenses$2,990,038$3,365,993$3,591,439$4,207,531$4,257,869$3,336,877$3,461,042
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$6,530,272$7,046,668$7,208,680$8,009,855$8,642,309$9,740,657$11,458,639
Excess or (deficit) for the year$681,005$745,599$386,012$417,517$669,704$1,153,598$1,852,232
Net assets or fund balances at beginning of year$6,310,137$6,530,272$7,046,668$7,615,675$8,009,855$8,642,309$9,740,657
Other changes in net assets or fund balances$-460,870$-229,203$-224,000$-23,337$-37,250$-55,250$-134,250
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,461,042$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$11,180
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,170,673$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$236,780$0$0$0
Payroll taxes$111,480$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$21,115$0$0$0
Legal fees$6,900$0$0$0
Supplies$364,826$0$0$0
Telephone$16,339$0$0$0
Postage and shipping$24,849$0$0$0
Occupancy$542,020$0$0$0
Equipment rental and maintenance$188,681$0$0$0
Printing and publications$45,664$0$0$0
Travel$15,216$0$0$0
Conferences, conventions, and meetings$8,453$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$300,000$0$0$0
Other expenses not covered above$396,866$0$0$0
Balance Sheets
2000200120022004200520062007
Total assets$8,644,360$9,346,591$9,515,387$10,591,662$11,314,153$12,669,059$14,110,804
Cash - non-interest-bearing$43,666$372,062$479,793$783,588$911,976$521,661$72,606
Savings and temporary cash investments$490,549$308,724$0$397,773$594,391$578,886$150,600
Accounts receivable less allowance for doubtful accounts$1,819,785$1,976,176$1,918,943$2,129,429$2,363,380$2,598,280$2,720,430
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$59,029$53,827$55,831$68,309$68,293$77,279$69,418
Prepaid expenses and deferred charges$21,567$39,840$18,223$14,654$25,062$34,934$19,296
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$6,209,764$6,595,962$7,042,597$7,197,909$7,351,051$8,858,019$11,070,534
Other assets, including program-related investments$0$0$0$0$0$0$7,920
Total liabilities$2,114,088$2,299,923$2,306,707$2,581,807$2,671,844$2,928,402$2,652,165
Accounts payable and accrued expenses$119,297$187,052$139,164$190,581$195,290$328,296$193,317
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$2,529,515$2,398,455
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$1,994,791$2,112,871$2,167,543$2,391,226$2,476,554$70,591$60,393
Total liabilities and net assets/fund balances$8,644,360$9,346,591$9,515,387$10,591,662$11,314,153$12,669,059$14,110,804
Total net assets or fund balances$6,530,272$7,046,668$7,208,680$8,009,855$8,642,309$9,740,657$11,458,639
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022004200520062007
Total revenue$0$0$0$0$0$4,490,475$5,313,274
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$6,500,690$7,213,296
Other expenses$0$0$0$0$0$2,010,215$1,900,022
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$2,010,215$1,900,022
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022004200520062007
Total expenses$0$0$0$0$0$3,336,877$3,461,042
Total expenses and losses per audited financial statements$0$0$0$0$0$5,347,092$5,361,064
Other revenue$0$0$0$0$0$2,010,215$1,900,022
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$2,010,215$1,900,022
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$1,330,500
Gross receipts for public use of club facilities$618,735
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200656
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$76,651$0$5,236,623
Program service revenue
Program service revenue 1000000$000$0$348,342
Program service revenue 2000000$000$0$293,901
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$4,156,396
Interest on savings and temporary cash investmentsInvestment activities of section 501(c)(7), (9), or (17) organizations$76,65100$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$408,287
Other revenue000000$000$0$29,697
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Spring Lake Golf ClubPO BOX 32, Spring Lake, NJ 07762-0032NJ1974-01$7,573,310
2New Jersey Golf Foundation Incorporated255 Old New Brunswick Road, Piscataway, NJ 08854-3734NJ2004-12$693,752
3Compete 3601494 Mount Ephraim Ave, Camden, NJ 08104-1550NJ2000-08$320,394
4Jersey Shore Junior Golf Inc1003 Wickapecko Dr, Ocean, NJ 07712-4733NJ2004-06$153,506
5Junior Golfers Association Of America Inc1409 Shore Road, Northfield, NJ 08225NJ2005-03$65,317
6South Jersey Junior Golf Foundation Inc550 W Country Club Dr, Cologne, NJ 08213NJ1999-06$26,938
7Sheila Ridley Golf Foundation Inc215 Chestnut Ave, Marlton, NJ 08053-7147NJ2007-06$23,438
8Brad Hennefer Golf For Life Foundation Inc1115 Yardley Road, Cherry Hill, NJ 08034NJ2006-07$0
9Brooklake Mens Association1300 Mt Kemble Ave, Morristown, NJ 07960-8009NJ2008-08$0
10Cape May County Junior Golf Foundation Inc1409 Shore Road, Northfield, NJ 08225NJ2003-03$0
11Hyatt Hills Golf Course Commission1300 Raritan Rd, Clark, NJ 07066-1100NJ2014-05$0
12Joe Costanzo Junior Golf Association Inc, The Joe Costanzo Olde York Scholarship Fund IncGolden Crest Corporate Center 2277 Route 33 Suite 404, Hamilton Square, NJ 08690NJ2002-01$0
13Laurel Creek Womens Golf Association701 Centerton Road, Mount Laurel, NJ 08054NJ2012-11$0
14Plainfield Minority Golf AssociationPO BOX 2804, Plainfield, NJ 07062-0804NJ2000-07$0
15Portuguese American Golfers Association Inc128 Montclair Ave, Newark, NJ 07104-3514NJ2003-01$0
16Pugad Lawin Golf Club Of New York And New Jersey5 Longbrook Ln, Freehold, NJ 07728-3763NJ2001-12$0
17Rice Planters Tournament At Snee Farm Cc Inc189 N Franklin Tpke, Ramsey, NJ 07446-1628NJ2004-02$0
18Skillworks Inc6c Beech Spring Dr, Summit, NJ 07901-1111NJ2000-06$0
19West Lake Mens Golf Assoc1 Pine Lake Circle, Jackson, NJ 08527-4033NJ2002-09$0
20West Lake Womens Golf Association1 Pine Lake Cir, Jackson, NJ 08527-4033NJ2003-03$0
Number of organizations performing similar types of work
Alaska6
Alabama20
Arkansas12
Arizona23
California123
Colorado23
Connecticut8
District of Columbia4
Delaware3
Florida68
Georgia38
Hawaii13
Iowa11
Idaho4
Illinois21
Indiana10
Kansas10
Kentucky16
Louisiana18
Massachusetts14
Maryland19
Maine3
Michigan25
Minnesota15
Missouri24
Mississippi8
Montana6
North Carolina30
North Dakota8
Nebraska12
New Hampshire4
New Jersey20
New Mexico13
Nevada11
New York30
Ohio29
Oklahoma12
Oregon8
Pennsylvania20
Rhode Island4
South Carolina19
South Dakota8
Tennessee13
Texas69
Utah5
Virginia15
Vermont4
Washington21
Wisconsin11
West Virginia7
Wyoming1
International3
Total922

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