PACK501(c)(7) · MEDIUMNAICS 713910EIN 22-1764217
Packanack Golf Club
Wayne, NJ · founded 1970
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.10M
▲ 2.9% YoY
FY23 Total Expenses
$1.12M
▲ 5.4% YoY
Operating Margin
-1.8%
revenue minus expenses ÷ revenue
Employees
9
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2023 · as filed
Revenue
$1.1M
▲ 34.7% / 5y
Expenses
$1.1M
▲ 34.0% / 5y
Total Assets
$1.5M
▲ 28.4% / 5y
Total Liabilities
$215K
▲ 95.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $815K | $897K | $1.1M | $1.1M | $1.1M | +34.7% |
| Expenses | $834K | $811K | $944K | $1.1M | $1.1M | +34.0% |
| Net surplus | -$19K | $86K | $107K | $7K | -$19K | +4.8% |
| Total assets | $1.2M | $1.5M | $1.5M | $1.6M | $1.5M | +28.4% |
| Total liabilities | $110K | $264K | $226K | $255K | $215K | +95.6% |
| Net assets | $1.1M | $1.2M | $1.3M | $1.3M | $1.3M | +21.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 4 unpaid officers/directors as reported (Daniel Considine, John Forlenza, Matt Graf, +1 more)
All 4 listed officers reported $0 compensation — volunteer board.
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 | $927,148 |
| Greens, Carts and Range Balls Fees | $148,080 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$942K
book value, net of depreciation
Facility age
11%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Occupancy | $166,677 |
| Depreciation & depletion | $5,454 |
| Information technology | $0 |
| Advertising & promotion | $3,675 |
| Office expenses | $21,412 |
| Legal fees | $0 |
| Accounting fees | $12,000 |
| Other professional fees | $0 |
PFounded in 1970, Packanack Golf Club reported $1.10M of revenue for FY23, at an operating margin of -1.8%. Revenue moved up 2.9% 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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