CBAN501(c)(7) · MEDIUMNAICS 713910EIN 22-0805690

Canoe Brook Country Club

Summit, NJ · founded 1935
12 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$23.42M
▲ 3.3% YoY
FY23 Total Expenses
$21.17M
▲ 7.2% YoY
Operating Margin
9.6%
revenue minus expenses ÷ revenue
Employees
377
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$23.4M
▲ 23.8% / 5y
18.919.919.922.723.4
Expenses
$21.2M
▲ 15.5% / 5y
18.316.816.819.821.2
Total Assets
$49.0M
▲ 7.6% / 5y
45.546.746.749.049.0
Total Liabilities
$18.9M
▼ 17.1% / 5y
22.821.121.120.718.9

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$18.9M$19.9M$19.9M$22.7M$23.4M+23.8%
Expenses$18.3M$16.8M$16.8M$19.8M$21.2M+15.5%
Net surplus$575K$3.1M$3.1M$2.9M$2.2M+290.1%
Total assets$45.5M$46.7M$46.7M$49.0M$49.0M+7.6%
Total liabilities$22.8M$21.1M$21.1M$20.7M$18.9M-17.1%
Net assets$22.7M$25.6M$25.6M$28.3M$30.1M+32.4%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
DREW BRODERICK
Director of Racquets· 45h/wk
$385,349$12,089
ALBERT COSTANTINI
COO/GM· 45h/wk
$379,962$50,328
CORY FISCHER
CFO/AGM· 45h/wk
$285,425$28,882
ROBERT SCHIPPER
Director of Grounds· 45h/wk
$225,696$11,030
COREY HEYER
Executive Chef· 45h/wk
$208,951$19,217
JAMIE CERINO - RIZZO
Membership Director· 45h/wk
$159,131$10,725
KIMBERLY CONDIT
CLUBHOUSE MANAGER· 45h/wk
$147,922$15,271

+ 18 unpaid officers/directors as reported (ALBERT LORD, ARJUN MURTI, CATHERINE BUELL, +15 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$11,227,273
INITIATION FEES$2,255,221
CAPITAL ASSESSMENT$1,744,332

CFounded in 1935, Canoe Brook Country Club reported $23.42M of revenue for FY23, at an operating margin of 9.6%. Revenue moved up 3.3% 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)
+ 9 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
live feed
The Quarterly · delivered free

Read the filings
before the board does.

Every new 990, every shift in the compensation bands, every notable year-over-year swing — compiled into one briefing each edition, for the people who actually run these clubs.

4,200+
GMs · controllers · board members
4×
a year · never more
Subscribe
Quarterly only · no spam · unsubscribe in one click

“I read it before our finance committee meets.”
— GM, top-50 club

Privacy PolicyDisclaimerMethodology© 2026 Country Club Intel
The Quarterly · free
The filings, the comp, the movers — four times a year.
Quarterly only · no spam · unsubscribe in one click