Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

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

  total $40,777,001 · related or exempt $40,777,001

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

  total $2,728,950 · related or exempt $2,728,950

• 2c · Program service revenue: ASSESSMENT

  total $620,185 · related or exempt $620,185

• 3 · Investment income

  total $520,066 · unrelated business $520,066

• 7a · Gross sales of assets other than inventory

  securities $2,758,624

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

  securities $2,540,220

• 7c · Gain or loss

  securities $218,404

• 7d · Net gain or loss

  total $218,404 · unrelated business $218,404

• 10a · Gross sales of inventory

  $51,928,586

• 10b · Cost of goods sold

  $11,442,386

• 10c · Net income from sales of inventory

  total $40,486,200 · related or exempt $35,251,840 · unrelated business $5,234,360

• 11a · Other revenue: INTEREST RATE SWAP

  total $1,994,011 · unrelated business $1,994,011

• 11e · Other revenue, total

  $1,994,011

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $356,798

• 5 · Compensation of officers, directors and key employees

  total $3,934,336

• 7 · Other salaries and wages

  total $36,662,268

• 8 · Pension plan contributions

  total $757,583

• 9 · Other employee benefits

  total $13,444,399

• 10 · Payroll taxes

  total $6,555,437

• 11b · Fees: legal

  total $87,666

• 11c · Fees: accounting

  total $84,000

• 11f · Fees: investment management

  total $93,695

• 11g · Fees: other

  total $933,436

• 13 · Office expenses

  total $778,685

• 14 · Information technology

  total $444,991

• 16 · Occupancy

  total $3,339,255

• 17 · Travel

  total $176,356

• 20 · Interest

  total $2,890,526

• 22 · Depreciation, depletion and amortization

  total $8,579,057

• 23 · Insurance

  total $805,976

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

  total $185,059

• 24b · Other expenses: INTEREST RATE SWAP EXP.

  total $1,994,011

• 24c · Other expenses: FOOD & BEV OPERATIONS

  total $1,494,520

• 24d · Other expenses: GOLF COURSE OPERATIONS

  total $1,198,822

• 24e · All other expenses

  total $110,640

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,424,735 · end of year $4,053,627

• 2 · Savings and temporary cash investments

  beginning of year $579,985 · end of year $379,321

• 4 · Accounts receivable

  beginning of year $4,348,914 · end of year $4,448,587

• 8 · Inventories for sale or use

  beginning of year $2,341,926 · end of year $2,566,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,372,258 · end of year $1,407,944

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

  $224,978,477

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

  $67,506,544

• 10c · Land, buildings and equipment, net

  beginning of year $152,184,142 · end of year $157,471,933

• 11 · Investments: publicly traded securities

  beginning of year $13,620,031 · end of year $16,474,005

• 12 · Investments: other securities

  beginning of year $10,607,832 · end of year $10,323,080

• 15 · Other assets

  beginning of year $20,036,171 · end of year $20,521,182

• 17 · Accounts payable and accrued expenses

  beginning of year $19,611,427 · end of year $17,564,018

• 19 · Deferred revenue

  beginning of year $13,976,872 · end of year $14,366,285

• 23 · Secured mortgages and notes payable

  beginning of year $64,457,859 · end of year $67,921,962

• 25 · Other liabilities

  beginning of year $11,469,270 · end of year $14,306,154

• 27 · Net assets without donor restrictions

  beginning of year $99,932,747 · end of year $103,407,722

• 28 · Net assets with donor restrictions

  beginning of year $67,819 · end of year $80,140

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 $889,968 · assets $1,141,116

  Directly controlled by CLUB

• THE UNION LEAGUE GOLF CLUB AT TORESDALE- FRANKFORD LLC

  GOLF COURSE · NJ · income $9,514,933 · assets $28,361,280

  Directly controlled by CLUB

• GUARD HOUSE AT GLADWYNE LLC

  FOOD/BEVERAGE · NJ · income $1,781,121 · assets $3,441,169

  Directly controlled by CLUB

• UNION LEAGUE NATIONAL GOLF CLUB

  GOLF COURSE · NJ · income $13,142,885 · assets $40,682,810

  Directly controlled by CLUB

• UNION LEAGUE LIBERTY HILL

  GOLF COURSE · PA · income $20,563,149 · assets $31,448,259

  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 $3,847,017 · share of assets $7,392,158

  Directly controlled by CLUB

• THE ALBERT BREUERS RESTAURANT CORP

  C · RESTAURANT · PA · 100% owned · share of income $1,188,968 · share of assets $98,234

  Directly controlled by GUARD HOUSE