SBPR501(c)(7) · MEDIUMNAICS 713910EIN 22-1298220

Spring Brook Country Club

Morristown, NJ · founded 1944
14 filings on recordFY 20112024medium confidence
FY24 Total Revenue
$10.45M
▲ 8.3% YoY
FY24 Total Expenses
$9.70M
▲ 4.2% YoY
Operating Margin
7.1%
revenue minus expenses ÷ revenue
Employees
216
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$10.4M
▲ 31.8% / 5y
7.99.79.79.610.4
Expenses
$9.7M
▲ 18.0% / 5y
8.29.19.19.39.7
Total Assets
$17.2M
▲ 27.8% / 5y
13.416.316.316.417.2
Total Liabilities
$9.2M
▲ 33.1% / 5y
6.99.19.19.19.2

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$7.9M$9.7M$9.7M$9.6M$10.4M+31.8%
Expenses$8.2M$9.1M$9.1M$9.3M$9.7M+18.0%
Net surplus-$297K$630K$630K$330K$744K-350.7%
Total assets$13.4M$16.3M$16.3M$16.4M$17.2M+27.8%
Total liabilities$6.9M$9.1M$9.1M$9.1M$9.2M+33.1%
Net assets$6.5M$7.2M$7.2M$7.3M$7.9M+22.2%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther
HRISTO LUKOV
CURRENT - GM/COO· 50h/wk
$218,578$6,338
JOSEPH SCIOSCIA
GREENS SUPER· 50h/wk
$205,361$16,863
JAMES GRAHAM
Executive Chef· 50h/wk
$169,287$5,474
GERALD MADONIA
HEAD OF CLUBHOUSE MAINT.· 50h/wk
$122,919$17,281
STEPHEN DEROSE
Head Tennis Professional· 50h/wk
$109,973$9,358
KYLE MCCOPPEN
Chief Financial Officer· 50h/wk
$106,406$5,506

+ 11 unpaid officers/directors as reported (ANTHONY MARTINE, DAVE ALBRIGHT, JOHN MUSTION, +8 more)

Top contractors

FY24 · vendors paid $100k+ as reported
VendorServicePaid
SDT PRO LLC
ROCKAWAY, NJ
HEAD TENNIS PROFESSIONAL$237,658

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$5,895,956
INITIATION FEES$696,427
MASTER PLAN ASSESSMENT$454,459

SFounded in 1944, Spring Brook Country Club reported $10.45M of revenue for FY24, at an operating margin of 7.1%. Revenue moved up 8.3% 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, FY2024 · period ending Wed Jan 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Tue Jan 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Jan 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 11 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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