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Nonprofiteer
← QUAKER RIDGE GOLF CLUB INC

Form 990 for tax year 2024

Filed by QUAKER RIDGE GOLF CLUB INC.

Totals

Total revenue
$19,092,425
Total expenses
$17,327,431
Contributions and grants received
$0
Grants paid
$18,692
Program service revenue
$14,161,636
Investment income
$59,193
Other revenue
$4,871,596
Total assets, end of year
$47,975,289
Total liabilities, end of year
$24,311,914
Net assets or fund balances, end of year
$23,663,375
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $8,997,811 · related or exempt $8,997,811

  • 2b · Program service revenue: CAPITAL ASSESSMENTS

    total $2,848,377 · related or exempt $2,848,377

  • 2c · Program service revenue: INITIATION FEES

    total $2,315,448 · related or exempt $2,315,448

  • 3 · Investment income

    total $59,193 · unrelated business $59,193

  • 6a · Gross rents

    real property $114,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $114,000

  • 6d · Net rental income or loss

    total $114,000 · unrelated business $114,000

  • 10a · Gross sales of inventory

    $6,894,268

  • 10b · Cost of goods sold

    $2,136,672

  • 10c · Net income from sales of inventory

    total $4,757,596 · related or exempt $3,425,209 · unrelated business $1,332,387

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,692

  • 5 · Compensation of officers, directors and key employees

    total $938,802

  • 7 · Other salaries and wages

    total $5,845,372

  • 8 · Pension plan contributions

    total $171,099

  • 9 · Other employee benefits

    total $943,890

  • 10 · Payroll taxes

    total $662,073

  • 11b · Fees: legal

    total $15,005

  • 11c · Fees: accounting

    total $39,011

  • 11g · Fees: other

    total $32,393

  • 13 · Office expenses

    total $233,721

  • 14 · Information technology

    total $72,163

  • 16 · Occupancy

    total $763,948

  • 20 · Interest

    total $646,380

  • 23 · Insurance

    total $703,925

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

    total -$5,614

  • 24b · Other expenses: CAPITAL EXPENDITURES

    total $3,545,177

  • 24c · Other expenses: GOLF COURSE OPERATIONS

    total $1,586,022

  • 24d · Other expenses: OTHER DEPT. OPERATIONS

    total $371,242

  • 24e · All other expenses

    total $744,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $740,140 · end of year $424,961

  • 4 · Accounts receivable

    beginning of year $327,800 · end of year $666,175

  • 8 · Inventories for sale or use

    beginning of year $271,482 · end of year $341,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $274,837 · end of year $359,434

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

    $42,082,809

  • 10c · Land, buildings and equipment, net

    beginning of year $42,082,809 · end of year $42,082,809

  • 15 · Other assets

    beginning of year $4,322,110 · end of year $4,100,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,249,475 · end of year $1,400,052

  • 19 · Deferred revenue

    beginning of year $1,353,460 · end of year $1,894,818

  • 23 · Secured mortgages and notes payable

    beginning of year $19,120,368 · end of year $17,187,131

  • 25 · Other liabilities

    beginning of year $4,413,665 · end of year $3,829,913

  • 27 · Net assets without donor restrictions

    beginning of year $21,882,210 · end of year $23,663,375

Mission and programs · 2024

Mission

WE ARE DEDICATED TO THE GAME OF GOLF AND TO HONORING THE HERITAGE OF OUR CHAMPIONSHIP TILLINGHAST-DESIGNED COURSE. WE STRIVE TO FOSTER INTEGRITY, RESPECT, AND SPORTSMANSHIP WHILE PROVIDING EXCEPTIONAL FACILITIES FOR GOLF, TENNIS, SWIMMING, FITNESS AND DINING. OUR CULTURE VALUES SOCIAL ENGAGEMENT AND ENDURING FELLOWSHIP, UPHOLDING THE HIGHEST STANDARDS OF CONDUCT AND COURTESY. SUPPORTED BY A DEDICATED STAFF, WE CREATE AN ENVIRONMENT IN WHICH EVERYONE CAN ENJOY ATHLETIC PURSUITS, STRONG FAMILY BONDS AND LASTING FRIENDSHIPS. AS STEWARDS OF ONE OF THE NATION'S PREMIER GOLF CLUBS, WE ARE COMMITTED TO PRESERVING OUR LEGACY AND ENSURING QUAKER RIDGE REMAINS A DISTINGUISHED VENUE FOR GENERATIONS TO COME.

Activities or mission (Part I)

TO PROMOTE THE GAME OF GOLF, AND OTHER OUTDOOR SPORTS, AND ALSO SOCIAL INTERCOURSE, AMONG ITS MEMBERS AND TO FURNISH SUITABLE FACILITIES THEREFORE.

  • TAX EXEMPT CLUB ACTIVITIES

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Spitalny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • David Groban

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Thomas Potter

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Gregory Racz

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Jane Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Matthew Prince

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Gene Rostov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Neil Sandler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kenneth Silver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Morgan Spangle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Evan A Halpern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Debra Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Edward Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jacquelyn Wolfson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Lynn Borck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Robert Musich

    GENERAL MANAGER/COO

    Total calculated
    $513,240
    From this org
    $480,000
    From related orgs
    $0
    Other
    $33,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,000
    Bonus
    $85,000
    Other
    $0
    Deferred
    $17,658
    Nontaxable benefits
    $15,582
    Filer's total
    $513,240
  • Thomas Ashfield

    GREENS SUPERINTENDENT

    Total calculated
    $425,562
    From this org
    $372,500
    From related orgs
    $0
    Other
    $53,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,500
    Bonus
    $55,000
    Other
    $0
    Deferred
    $31,153
    Nontaxable benefits
    $21,909
    Filer's total
    $425,562
  • Mario Guerra

    HEAD GOLF PRO

    Total calculated
    $432,159
    From this org
    $398,261
    From related orgs
    $0
    Other
    $33,898
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,712
    Bonus
    $0
    Other
    $98,549
    Deferred
    $11,989
    Nontaxable benefits
    $21,909
    Filer's total
    $432,159
  • Chris Gesualdt

    EXECUTIVE CHEF

    Total calculated
    $290,198
    From this org
    $268,289
    From related orgs
    $0
    Other
    $21,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,989
    Bonus
    $38,300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,909
    Filer's total
    $290,198
  • Rick Bardari

    ASST GENERAL MANAGER

    Total calculated
    $214,653
    From this org
    $198,946
    From related orgs
    $0
    Other
    $15,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,846
    Bonus
    $31,100
    Other
    $0
    Deferred
    $6,714
    Nontaxable benefits
    $8,993
    Filer's total
    $214,653

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1B
ALL CLEANING AND CLOTHING REIMBURSEMENTS REQUIRE BACK UP BEFORE REIMBURSEMENT

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • QR GRIFFEN HOLDINGS LLC

    PROPERTY HOLDER · NY · income $114,000 · assets $3,392,684

    Directly controlled by THE CLUB

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202512979349301521

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