BALT501(c)(7) · MEDIUMNAICS 713910EIN 22-0752220

Baltusrol Golf Club

Springfield, NJ · founded 1943
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$29.25M
▲ 10.3% YoY
FY23 Total Expenses
$27.05M
▲ 6.2% YoY
Operating Margin
7.5%
revenue minus expenses ÷ revenue
Employees
291
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$29.2M
▲ 21.8% / 5y
24.021.021.026.529.2
Expenses
$27.0M
▲ 24.7% / 5y
21.719.819.825.527.0
Total Assets
$75.9M
▲ 36.2% / 5y
55.771.371.373.575.9
Total Liabilities
$6.7M
▲ 22.1% / 5y
5.54.94.96.46.7

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$24.0M$21.0M$21.0M$26.5M$29.2M+21.8%
Expenses$21.7M$19.8M$19.8M$25.5M$27.0M+24.7%
Net surplus$2.3M$1.1M$1.1M$1.0M$2.2M-5.9%
Total assets$55.7M$71.3M$71.3M$73.5M$75.9M+36.2%
Total liabilities$5.5M$4.9M$4.9M$6.4M$6.7M+22.1%
Net assets$50.2M$66.4M$66.4M$67.2M$69.1M+37.7%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
KEVIN VITALE
General Manager· 40h/wk
$660,081$51,338
GREG BORING
Director of Grounds· 40h/wk
$370,898$50,956
RYAN FOUNTAINE
Director of Golf· 40h/wk
$363,770$51,912
PHIL WHEELER
Director of Grounds· 40h/wk
$277,461$44,464
EDWARD STONE
Executive Chef· 40h/wk
$261,469$37,971
JOSEPH SEMINERIO
Controller· 40h/wk
$170,291$32,302
DIANE MONT
HUMAN RESOURCES MANAGER· 40h/wk
$133,032$39,481

+ 18 unpaid officers/directors as reported (ALISON SALLY LEWIS, ANTHONY ORLANDO, BRIAN F AMERY, +15 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
TOTAL TURF GOLF SERVICES INC
HUNTINGDON VALLEY, PA
COURSE CONSTRUCTION FEES$336,920
SIMPLEGRID TECHNOLOGY
PARSIPPANY, NJ
IT SERVICES$179,996
ACCURATE ELECTRICAL
FAIRFIELD, NJ
ELECTRICIAN SERVICE$142,346
SAVATREE
RANDOLPH, NJ
ARBOR SERVICES$134,666
GMD CARPENTRY
MAPLEWOOD, NJ
CONSTRUCTION SERVICES$117,520

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$12,215,082
INITIATION FEES$4,462,980

BFounded in 1943, Baltusrol Golf Club reported $29.25M of revenue for FY23, at an operating margin of 7.5%. Revenue moved up 10.3% 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 Fri Mar 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Thu Mar 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Wed Mar 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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