HACK501(c)(7) · MEDIUMNAICS 713910EIN 22-0970630
Hackensack Golf Club
Oradell, NJ · founded 1931
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.51M
▲ 8.9% YoY
FY23 Total Expenses
$10.24M
▲ 8.9% YoY
Operating Margin
2.6%
revenue minus expenses ÷ revenue
Employees
320
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.5M
▲ 27.8% / 5y
Expenses
$10.2M
▲ 22.0% / 5y
Total Assets
$14.4M
▼ 2.7% / 5y
Total Liabilities
$5.6M
▼ 27.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.2M | $8.4M | $8.4M | $9.6M | $10.5M | +27.8% |
| Expenses | $8.4M | $7.8M | $7.8M | $9.4M | $10.2M | +22.0% |
| Net surplus | -$170K | $597K | $597K | $253K | $269K | -258.4% |
| Total assets | $14.8M | $14.6M | $14.6M | $14.6M | $14.4M | -2.7% |
| Total liabilities | $7.7M | $7.0M | $7.0M | $6.3M | $5.6M | -27.2% |
| Net assets | $7.1M | $7.6M | $7.6M | $8.2M | $8.8M | +23.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
NORMAN T FORSYTH General Manager· 60h/wk | $247,660 | $55,938 |
RICHARD B LANE GROUNDS KEEPER· 60h/wk | $198,064 | $27,613 |
LAWRENCE J KNAPP Executive Chef· 60h/wk | $151,325 | $23,928 |
GRAZIANO FAVRO MARTRIE"D· 60h/wk | $127,781 | $13,650 |
+ 14 unpaid officers/directors as reported (BRENT D EDMONDS, BRYAN J LYNCH, CHRISTOPHER A LAMA, +11 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Grass Roots Turf Products MOUNT FREEDOM, NJ | Turf & grounds | $224,031 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $4,769,855 |
| CAPITAL ASSESSMENT & S | $964,452 |
| INITIATION FEES | $662,199 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.8M
▼ $422K paid down
Net land, buildings & equipment
$12.4M
book value, net of depreciation
Facility age
52%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $183,816 |
| Occupancy | $920,345 |
| Depreciation & depletion | $1,229,221 |
| Office expenses | $269,303 |
| Legal fees | $112,359 |
| Accounting fees | $30,100 |
| Other professional fees | $147,534 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
HACKENSACK GOLF CLUB RETIREMENT PLAN
pension · 106 participants · $6.3M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Waiters and Waitresses Emerson, NJ | $51K | 8 | Apr 2025 → Oct 2025 |
Landscaping and Groundskeeping Workers Emerson, NJ | $45K | 8 | Apr 2025 → Oct 2025 |
Cooks, Restaurant Emerson, NJ | $42K | 4 | Apr 2025 → Oct 2025 |
HFounded in 1931, Hackensack Golf Club reported $10.51M of revenue for FY23, at an operating margin of 2.6%. Revenue moved up 8.9% 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
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