SLPR501(c)(7) · CONFIRMEDNAICS 713910EIN 22-1982858
Spring Lake Golf Club
Spring Lake, NJ · founded 1974
14 filings on recordFY 2010–2023high confidence
Compare to peers →FY23 Total Revenue
$11.45M
▲ 11.7% YoY
FY23 Total Expenses
$10.30M
▲ 9.0% YoY
Operating Margin
10.1%
revenue minus expenses ÷ revenue
Employees
206
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.4M
▲ 22.4% / 5y
Expenses
$10.3M
▲ 42.4% / 5y
Total Assets
$39.1M
▲ 45.0% / 5y
Total Liabilities
$13.6M
▲ 105.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.4M | $9.0M | $9.0M | $10.2M | $11.4M | +22.4% |
| Expenses | $7.2M | $7.9M | $7.9M | $9.4M | $10.3M | +42.4% |
| Net surplus | $2.1M | $1.1M | $1.1M | $798K | $1.2M | -45.8% |
| Total assets | $27.0M | $38.3M | $38.3M | $38.1M | $39.1M | +45.0% |
| Total liabilities | $6.6M | $14.7M | $14.7M | $13.7M | $13.6M | +105.7% |
| Net assets | $20.4M | $23.6M | $23.6M | $24.4M | $25.6M | +25.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ROBERT ANEN General Manager· 40h/wk | $270,970 | $15,820 |
THOMAS HAVELKA Golf Course Superintendent· 40h/wk | $180,300 | $15,820 |
BRENDAN ARENTH Executive Chef· 40h/wk | $162,425 | $15,820 |
DANIEL INGENBRANDT Controller· 40h/wk | $155,525 | $8,840 |
JACQUELINE BARBER DIRECTOR OF EVENTS· 40h/wk | $155,264 | $7,002 |
MATTHEW MCKEON Head Golf Professional· 40h/wk | $118,035 | — |
CORY MELROY DIRECTOR OF FOOD AND BEVERAGE· 40h/wk | $114,214 | $15,820 |
+ 13 unpaid officers/directors as reported (BRIAN DUGAN JR, CLIFF CLARK, DENNIS ROGERS, +10 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Matthew J Mckeon LLC SPRING LAKE, NJ | SLGC PRO SHOP | $823,048 |
| Colliers Construction HOLMDEL, NJ | Construction & renovation | $132,796 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $4,705,377 |
| INITIATION FEES | $756,000 |
| BUILDING ASSESSMENTS | $690,150 |
| CAPITAL ASSESSMENTS | $534,520 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.9M
▼ $524K paid down
Net land, buildings & equipment
$27.9M
book value, net of depreciation
Facility age
41%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $133,654 |
| Occupancy | $843,764 |
| Depreciation & depletion | $1,557,582 |
| Information technology | $90,092 |
| Office expenses | $162,865 |
| Accounting fees | $61,896 |
| Other professional fees | $101,807 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SPRING LAKE GOLF CLUB 401(K) PLAN
pension · 87 participants · $636K assets · FY2024
SFounded in 1974, Spring Lake Golf Club reported $11.45M of revenue for FY23, at an operating margin of 10.1%. Revenue moved up 11.7% 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
The Quarterly · free
Get Spring Lake Golf Club’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
TOWITwin Orchard Country Club
Revenue $11.4M — near your $11.4M
$11.4Mcompare →
RHOLRolling Hills Country Club Inc
Revenue $11.5M — near your $11.4M
$11.5Mcompare →
LKOUCountry Club Of Louisiana 401 K
Revenue $11.4M — near your $11.4M
$11.4Mcompare →
Same state · NJ
GRLEGlen Ridge Country Club
NJ club · $11.5M
$11.5Mcompare →
CRESCrestmont Country Club
NJ club · $11.2M
$11.2Mcompare →
ELCHEcho Lake Country Club
NJ club · $11.2M
$11.2Mcompare →
Similar revenue mix
ANSLAnsley Golf Club
100% similar revenue mix
$21.3Mcompare →
HOLLHollywood Golf Club
100% similar revenue mix
$9.6Mcompare →
MONTMontammy Golf Club
100% similar revenue mix
$12.9Mcompare →
Similar payroll intensity
NORTNorthampton Country Club
Payroll intensity 43.5% · near your 43.5%
$4.7Mcompare →
TOWITwin Oaks Country Club
Payroll intensity 43.5% · near your 43.5%
$3.6Mcompare →
CARTCartersville Country Club Inc
Payroll intensity 43.4% · near your 43.5%
$4.4Mcompare →