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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Spring Brook Country Club

Morristown, NJ · founded 1944

14 filings on recordFY 2011–2024medium confidence

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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

Expenses

$9.7M

▲ 18.0% / 5y

Total Assets

$17.2M

▲ 27.8% / 5y

Total Liabilities

$9.2M

▲ 33.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY20	FY21	FY22	FY23	FY24	Δ 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 · Employee	Reportable	Other
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

Vendor	Service	Paid
Sdt Pro LLC ROCKAWAY, NJ	Pool & racquet	$237,658

Revenue by activity

FY24 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES	$5,895,956
INITIATION FEES	$696,427
MASTER PLAN ASSESSMENT	$454,459

Balance sheet & capital

FY24 · IRS Form 990, Part X

Mortgages & notes payable

$6.9M

▼ $521K paid down

Net land, buildings & equipment

$12.3M

book value, net of depreciation

Facility age

62%

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

FY24 · Form 990, Part IX

Insurance	$180,946
Occupancy	$679,367
Depreciation & depletion	$1,156,632
Information technology	$89,777
Office expenses	$338,579
Legal fees	$7,319
Accounting fees	$24,000
Other professional fees	$86,742

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

SPRING BROOK COUNTRY CLUB 401(K) PLAN

pension · 47 participants · $3.6M 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.

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)

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