NAVE501(c)(7) · MEDIUMNAICS 713910EIN 21-0744409

Navesink Country Club Inc

Red Bank, NJ · founded 1964
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$14.36M
▲ 2.1% YoY
FY23 Total Expenses
$14.06M
▲ 5.7% YoY
Operating Margin
2.1%
revenue minus expenses ÷ revenue
Employees
255
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$14.4M
▲ 32.3% / 5y
10.913.913.914.114.4
Expenses
$14.1M
▲ 33.9% / 5y
10.512.612.613.314.1
Total Assets
$33.2M
▲ 13.8% / 5y
29.233.533.533.633.2
Total Liabilities
$13.4M
▼ 0.1% / 5y
13.415.215.214.113.4

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$10.9M$13.9M$13.9M$14.1M$14.4M+32.3%
Expenses$10.5M$12.6M$12.6M$13.3M$14.1M+33.9%
Net surplus$355K$1.3M$1.3M$769K$306K-13.9%
Total assets$29.2M$33.5M$33.5M$33.6M$33.2M+13.8%
Total liabilities$13.4M$15.2M$15.2M$14.1M$13.4M-0.1%
Net assets$15.8M$18.4M$18.4M$19.6M$19.8M+25.7%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
JEFF MELLOTT
General Manager· 40h/wk
$380,500$30,062
STEVE SIEG
Head Golf Professional· 40h/wk
$208,250$5,250
ANDREW DELVECCHIO
Controller· 40h/wk
$184,000$30,147
JOSHUA CONNER
Golf Course Superintendent· 40h/wk
$170,950$10,505
WILLIAM TUITE
Executive Chef· 40h/wk
$150,000$9,876
VICTOR VIDAL
HEAD RACQUETS PROFESSIONAL· 40h/wk
$108,758$15,178

+ 11 unpaid officers/directors as reported (BRIAN CAROLAN, BRIAN FITZGERALD, CHRIS MILLER, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
VIDAL RACQUET SPORTS LLC
RED BANK, NJ
HEAD RACQUETS PROFESSIONAL$233,413
JIMMY FARNEY III
PORT MONMOUTH, NJ
PLUMBER$116,973
FARNEY ELECTRIC
PORT MONMOUTH, NJ
ELECTRICIAN$111,919

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$5,672,827
CAPITAL ASSESSMENTS$1,854,962
INITIATION FEES$911,640

NFounded in 1964, Navesink Country Club Inc reported $14.36M of revenue for FY23, at an operating margin of 2.1%. Revenue moved up 2.1% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.

Source documents
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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