Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES & SERVICE CHARGES

  total $37,783,746 · related or exempt $37,783,746

• 2b · Program service revenue: LIFE MEMBERSHIP & ENTRANCE FEES

  total $4,699,450 · related or exempt $4,699,450

• 2c · Program service revenue: ASSESSMENT

  total $702,000 · related or exempt $702,000

• 3 · Investment income

  total $416,557 · unrelated business $416,557

• 7a · Gross sales of assets other than inventory

  securities $6,904,053

• 7b · Less cost or other basis and sales expenses

  securities $7,005,006

• 7c · Gain or loss

  securities -$100,953

• 7d · Net gain or loss

  total -$100,953 · unrelated business -$100,953

• 10a · Gross sales of inventory

  $50,202,835

• 10b · Cost of goods sold

  $11,154,113

• 10c · Net income from sales of inventory

  total $39,048,722 · related or exempt $35,357,352 · unrelated business $3,691,370

• 11a · Other revenue: INTEREST RATE SWAP

  total $899,947 · unrelated business $899,947

• 11e · Other revenue, total

  $899,947

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $180,000

• 5 · Compensation of officers, directors and key employees

  total $2,676,333

• 7 · Other salaries and wages

  total $34,763,957

• 8 · Pension plan contributions

  total $704,053

• 9 · Other employee benefits

  total $11,560,312

• 10 · Payroll taxes

  total $4,848,706

• 11b · Fees: legal

  total $22,514

• 11c · Fees: accounting

  total $82,500

• 11f · Fees: investment management

  total $87,014

• 11g · Fees: other

  total $992,650

• 13 · Office expenses

  total $820,884

• 14 · Information technology

  total $329,720

• 16 · Occupancy

  total $3,117,640

• 17 · Travel

  total $151,951

• 20 · Interest

  total $2,398,973

• 22 · Depreciation, depletion and amortization

  total $7,521,616

• 23 · Insurance

  total $840,832

• 24a · Other expenses: UNRELATED BUS. INC. TAX

  total $90,000

• 24b · Other expenses: FOOD & BEV OPERATIONS

  total $2,827,992

• 24c · Other expenses: OTHER OPERATING DEPTS.

  total $2,667,309

• 24d · Other expenses: GOLF COURSE OPERATIONS

  total $1,105,518

• 24e · All other expenses

  total $899,947

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,426,543 · end of year $4,424,735

• 2 · Savings and temporary cash investments

  beginning of year $516,671 · end of year $579,985

• 4 · Accounts receivable

  beginning of year $3,959,099 · end of year $4,348,914

• 8 · Inventories for sale or use

  beginning of year $1,964,606 · end of year $2,341,926

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,425,567 · end of year $1,372,258

• 10a · Land, buildings and equipment: cost or other basis

  $211,352,067

• 10b · Land, buildings and equipment: accumulated depreciation

  $59,167,925

• 10c · Land, buildings and equipment, net

  beginning of year $135,851,232 · end of year $152,184,142

• 11 · Investments: publicly traded securities

  beginning of year $11,610,969 · end of year $13,620,031

• 12 · Investments: other securities

  beginning of year $11,113,887 · end of year $10,607,832

• 15 · Other assets

  beginning of year $14,935,688 · end of year $20,036,171

• 17 · Accounts payable and accrued expenses

  beginning of year $19,155,936 · end of year $19,611,427

• 19 · Deferred revenue

  beginning of year $12,384,014 · end of year $13,976,872

• 23 · Secured mortgages and notes payable

  beginning of year $58,861,123 · end of year $64,457,859

• 25 · Other liabilities

  beginning of year $3,488,274 · end of year $11,469,270

• 27 · Net assets without donor restrictions

  beginning of year $91,843,745 · end of year $99,932,747

• 28 · Net assets with donor restrictions

  beginning of year $71,170 · end of year $67,819

The filer's explanations (Part III)

PART I, LINE 4B

THE FOLLOWING EMPLOYEES PARTICIPATED IN THE DEFERRED COMPENSATION PLAN: JEFFREY P. MCFADDEN; PATRICIA TOBIN; MARTIN HAMANN; SHERYL STERN KIMELMAN; KATE WOOD; JOHN MEKO; SANDRA CATALDI; JACOB HOFFER; SCOTT BORDNER; AND SEAN PALMER.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 222 81ST STREET LLC

  FOOD/BEVERAGE · NJ · income $924,365 · assets $1,164,481

  Directly controlled by CLUB

• THE UNION LEAGUE GOLF CLUB AT TORESDALE-

  GOLF COURSE · NJ · income $9,325,425 · assets $28,140,226

  Directly controlled by CLUB

• GUARD HOUSE AT GLADWYNE LLC

  FOOD/BEVERAGE · NJ · income $1,735,077 · assets $3,286,223

  Directly controlled by CLUB

• UNION LEAGUE NATIONAL GOLF CLUB

  GOLF COURSE · NJ · income $12,672,707 · assets $41,770,191

  Directly controlled by CLUB

• UNION LEAGUE LIBERTY HILL

  GOLF COURSE · PA · income $19,978,761 · assets $32,516,864

  Directly controlled by CLUB

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• 1416 CHESTNUT HOLDING CORP

  C · PARKING GARAGE · PA · 100% owned · share of income $3,731,380 · share of assets $7,802,003

  Directly controlled by CLUB

• THE ALBERT BREUERS RESTAURANT CORP

  C · RESTAURANT · PA · 100% owned · share of income $1,096,346 · share of assets $119,088

  Directly controlled by GUARD HOUSE