SEUB501(c)(7) · MEDIUMNAICS 713910EIN 22-1313425
Suburban Golf Club Of Elizabeth
Union, NJ · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.05M
▲ 8.9% YoY
FY23 Total Expenses
$4.90M
▲ 2.0% YoY
Operating Margin
3.1%
revenue minus expenses ÷ revenue
Employees
108
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.1M
▲ 21.5% / 5y
Expenses
$4.9M
▲ 21.7% / 5y
Total Assets
$4.7M
▲ 14.3% / 5y
Total Liabilities
$792K
▼ 4.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.2M | $4.7M | $4.7M | $4.6M | $5.1M | +21.5% |
| Expenses | $4.0M | $4.2M | $4.2M | $4.8M | $4.9M | +21.7% |
| Net surplus | $134K | $477K | $477K | -$162K | $155K | +15.5% |
| Total assets | $4.1M | $4.6M | $4.6M | $4.6M | $4.7M | +14.3% |
| Total liabilities | $830K | $749K | $749K | $836K | $792K | -4.6% |
| Net assets | $3.2M | $3.9M | $3.9M | $3.7M | $3.9M | +19.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
FRANK HENSHAW Golf Course Superintendent· 40h/wk | $162,350 | $4,533 |
KAREN JARMAKOWICZ Controller· 40h/wk | $119,970 | $7,008 |
+ 11 unpaid officers/directors as reported (ALISTAIR MCDOUGALL, DALE PRITCHETT, DAMIAN GRANRATH, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Suburban Golf Pro Shop UNION, NJ | Management services | $288,497 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,209,985 |
| MONTHLY CAPITAL IMPROV | $330,705 |
| INITIATION FEES | $326,924 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$444K
▼ $19K paid down
Net land, buildings & equipment
$3.2M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $112,999 |
| Occupancy | $656,130 |
| Depreciation & depletion | $293,461 |
| Information technology | $72,641 |
| Office expenses | $215,897 |
| Legal fees | $25,000 |
| Accounting fees | $23,335 |
| Other professional fees | $26,783 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SUBURBAN GOLF CLUB INC 401K PLAN
pension · 75 participants · $25K assets · FY2024
SFounded in 1942, Suburban Golf Club Of Elizabeth reported $5.05M of revenue for FY23, at an operating margin of 3.1%. 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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