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

Baltusrol Golf Club

Springfield, NJ · founded 1943
13 filings on recordFY 20112023medium confidence
Compare to peers →
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
Construction & renovation$336,920
Simplegrid Technology
PARSIPPANY, NJ
Professional services$179,996
Accurate Electrical
FAIRFIELD, NJ
ELECTRICIAN SERVICE$142,346
Savatree
RANDOLPH, NJ
ARBOR SERVICES$134,666
Gmd Carpentry
MAPLEWOOD, NJ
Construction & renovation$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

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$993K
$21K paid down
Net land, buildings & equipment
$59.1M
book value, net of depreciation
Facility age
43%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$253K$507K$760K$1.0MFY22 · $1.0MFY22FY23 · $993KFY23

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX
Insurance$566,068
Occupancy$1,243,345
Depreciation & depletion$5,554,639
Information technology$2,239
Office expenses$2,170,434
Accounting fees$41,838
Other professional fees$506,474

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors
BALTUSROL GOLF CLUB 401(K) PLAN
pension · 89 participants · FY2024
Service providerPaid
Merrill Lynch Pierce Fenner & Smith$19,074
Principal Life Insurance Company$12,137

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

Seasonal labor

DOL OFLC · certified H-2B positions
RoleWage floor (annualized)WorkersSeason
Waiters and Waitresses
Springfield, NJ
$51K8May 2025 → Oct 2025
Landscaping and Groundskeeping Workers
Springfield, NJ
$45K8May 2025 → Oct 2025
Cooks, Restaurant
Springfield, NJ
$42K6May 2025 → Oct 2025
Locker Room, Coatroom, and Dressing Room Attendants
Springfield, NJ
$42K2May 2025 → Oct 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

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
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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