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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

KNIC501(c)(7) · MEDIUMNAICS 713910EIN 22-1042210

Knickerbocker Country Club

Tenafly, NJ · founded 1942

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$12.19M

▲ 22.0% YoY

FY23 Total Expenses

$10.71M

▲ 0.2% YoY

Operating Margin

12.1%

revenue minus expenses ÷ revenue

Employees

220

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$12.2M

▲ 47.5% / 5y

Expenses

$10.7M

▲ 33.8% / 5y

Total Assets

$15.2M

▲ 22.6% / 5y

Total Liabilities

$5.6M

▲ 18.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.3M	$9.5M	$9.5M	$10.0M	$12.2M	+47.5%
Expenses	$8.0M	$8.8M	$8.8M	$10.7M	$10.7M	+33.8%
Net surplus	$258K	$729K	$729K	-$700K	$1.5M	+472.0%
Total assets	$12.4M	$14.4M	$14.4M	$14.6M	$15.2M	+22.6%
Total liabilities	$4.7M	$5.5M	$5.5M	$6.4M	$5.6M	+18.8%
Net assets	$7.6M	$8.9M	$8.9M	$8.2M	$9.5M	+25.0%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
WILLIAM HOOK GOLF PRO/INTERIM GM· 40h/wk	$276,289	$21,248
KYLE HILLEGASS Golf Course Superintendent· 40h/wk	$211,836	$7,766
GUS NATIONS Executive Chef· 40h/wk	$127,830	—

+ 12 unpaid officers/directors as reported (ARTHUR MATIN, BEHAR CAMI, CHRISTOPHER MINNETIAN, +9 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$6,229,046
CAPITAL IMPROVEMENT ASSESSMENT	$1,303,514
MASTER PLAN ASSESSMENT	$817,779
INITIATION FEES	$733,575

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$1.9M

▼ $625K paid down

Net land, buildings & equipment

$10.5M

book value, net of depreciation

Facility age

50%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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	$180,341
Occupancy	$1,291,246
Depreciation & depletion	$1,241,067
Information technology	$79,492
Office expenses	$273,690
Legal fees	$49,418
Accounting fees	$30,000
Other professional fees	$110,697

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

KNICKERBOCKER COUNTRY CLUB 401(K) PLAN

pension · 49 participants · $2.6M assets · FY2024

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.

KFounded in 1942, Knickerbocker Country Club reported $12.19M of revenue for FY23, at an operating margin of 12.1%. Revenue moved up 22.0% 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)

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