Fairmount Country Club
Fairmount Country Club: Stable Finances, Member-Focused Spending
EIN: 221672297 · Chatham, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $10.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $9.2M |
| Transparency Score | 75/100 |
Is Fairmount Country Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairmount Country Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairmount Country Club
Fairmount Country Club (EIN: 221672297) is a nonprofit organization based in Chatham, NJ. The organization reported total revenue of $17.5M and total assets of $24.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairmount Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairmount Country Club is a large nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.8M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$35K |
| Total Assets | $19.9M |
| Total Liabilities | $10.7M |
| Net Assets | $9.2M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 53.7% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Fairmount Country Club reported a surplus of $35K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 53.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fairmount Country Club's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | +9.4% | +4.5% |
| 2022 | +4.6% | +16.3% | -4.5% |
| 2021 | +21.2% | -5.7% | +11.2% |
| 2020 | +5.3% | +9.9% | -5.8% |
| 2019 | +1.9% | +4.8% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairmount Country Club with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fairmount Country Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.7%.
Executive Compensation Analysis
Executive compensation is not reported, with Form 990 filings consistently showing $0 for compensation to officers, directors, trustees, and key employees, suggesting a volunteer board and management structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Fairmount Country Club:
- Consistent revenue generation, with total revenue reaching $17,465,255 in the most recent filing.
- Healthy asset base of $24,323,373, demonstrating financial stability.
- Low liability-to-asset ratio, indicating strong financial health.
- Consistent reporting of 0% compensation for key personnel, suggesting efficient use of funds for club operations.
Frequently Asked Questions about Fairmount Country Club
Is Fairmount Country Club a legitimate charity?
Fairmount Country Club (EIN: 221672297) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.5M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Fairmount Country Club spend its money?
Fairmount Country Club directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fairmount Country Club tax-deductible?
Fairmount Country Club is registered as a tax-exempt nonprofit (EIN: 221672297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fairmount Country Club CEO make?
Fairmount Country Club's highest-compensated officer earns $0 annually. The organization reported $17.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fairmount Country Club's spending goes to programs?
Fairmount Country Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fairmount Country Club located?
Fairmount Country Club is headquartered in Chatham, New Jersey and files with the IRS under EIN 221672297.
How many years of IRS 990 filings does Fairmount Country Club have?
Fairmount Country Club has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.5M in total revenue.
What does Fairmount Country Club do?
Fairmount Country Club is a nonprofit organization in the Unknown sector, located in Chatham, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Fairmount Country Club have?
Fairmount Country Club reported total revenue of $17,465,255. Based on 13 IRS 990 filings on record.
What are Fairmount Country Club's total assets?
Fairmount Country Club holds total assets of $24,323,373 as reported in IRS 990 filings.
Where is Fairmount Country Club located?
Fairmount Country Club is based in Chatham, New Jersey.
What is Fairmount Country Club's EIN?
Fairmount Country Club's Employer Identification Number (EIN) is 221672297. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fairmount Country Club?
Fairmount Country Club is classified under NTEE code Unknown (Unknown).
Is Fairmount Country Club a registered 501(c)(3)?
Fairmount Country Club appears in IRS records (EIN: 221672297). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fairmount Country Club file IRS Form 990?
Yes, Fairmount Country Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Fairmount Country Club's revenue in 2023?
In the 202303 filing period, Fairmount Country Club reported total revenue of $10,835,356, total expenses of $10,800,596, and net assets of $19,862,767.
Is Fairmount Country Club's revenue growing or declining?
Fairmount Country Club's revenue is relatively stable. Revenue went from $11,121,971 (202203) to $10,835,356 (202303), a -2.6% change. Based on 13 filings on record.
What is Fairmount Country Club's most recent 990 filing?
The most recent IRS Form 990 filing for Fairmount Country Club covers tax period 202303. It shows revenue of $10,835,356, expenses of $10,800,596, total assets of $19,862,767, and liabilities of $10,668,787.
How much does Fairmount Country Club spend on programs vs administration?
Based on IRS 990 analysis, Fairmount Country Club allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Fairmount Country Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Fairmount Country Club appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Fairmount Country Club's strengths?
Positive indicators for Fairmount Country Club include: Consistent revenue generation, with total revenue reaching $17,465,255 in the most recent filing.. Healthy asset base of $24,323,373, demonstrating financial stability.. Low liability-to-asset ratio, indicating strong financial health.. Consistent reporting of 0% compensation for key personnel, suggesting efficient use of funds for club operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Fairmount Country Club compensate executives?
Executive compensation is not reported, with Form 990 filings consistently showing $0 for compensation to officers, directors, trustees, and key employees, suggesting a volunteer board and management structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Country Club' designation, how does its nonprofit status (501(c)(7) social club) align with public benefit, and what are the implications for its financial reporting?
As a 501(c)(7) social club, Fairmount Country Club's nonprofit status is primarily for the mutual benefit of its members, not for public charitable purposes. Its financial reporting, while transparent through Form 990, focuses on member services and club maintenance rather than traditional programmatic spending for community benefit. The 'programs' in its spending breakdown would refer to member activities and club amenities.
Filing History
IRS 990 filing history for Fairmount Country Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fairmount Country Club's revenue has grown by 83%, moving from $5.9M to $10.8M. Total assets increased by 123.8% over the same period, from $8.9M to $19.9M. Total functional expenses rose by 76.3%, from $6.1M to $10.8M. In its most recent filing year (2023), Fairmount Country Club reported a surplus of $35K, with revenue exceeding expenses. The organization holds $10.7M in liabilities against $19.9M in assets (debt-to-asset ratio: 53.7%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.8M | $10.8M | $19.9M | $10.7M | — | View 990 |
| 2022 | $11.1M | $9.9M | $19.0M | $9.6M | — | View 990 |
| 2021 | $10.6M | $8.5M | $19.9M | $11.6M | — | — |
| 2020 | $8.8M | $9.0M | $17.9M | $11.5M | — | — |
| 2019 | $8.3M | $8.2M | $19.0M | $12.3M | — | View 990 |
| 2018 | $8.2M | $7.8M | $20.1M | $13.5M | — | View 990 |
| 2017 | $7.4M | $7.2M | $9.5M | $3.1M | — | View 990 |
| 2016 | $7.2M | $7.1M | $9.7M | $3.5M | — | View 990 |
| 2015 | $7.0M | $6.8M | $10.4M | $4.2M | — | View 990 |
| 2014 | $6.6M | $6.9M | $10.1M | $3.9M | — | View 990 |
| 2013 | $6.9M | $6.6M | $10.9M | $4.4M | — | View 990 |
| 2012 | $6.4M | $6.5M | $12.0M | $5.8M | — | View 990 |
| 2011 | $5.9M | $6.1M | $8.9M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.8M, expenses of $10.8M, and assets of $19.9M (revenue -2.6% year-over-year).
- 2022: Revenue of $11.1M, expenses of $9.9M, and assets of $19.0M (revenue +4.6% year-over-year).
- 2021: Revenue of $10.6M, expenses of $8.5M, and assets of $19.9M (revenue +21.2% year-over-year).
- 2020: Revenue of $8.8M, expenses of $9.0M, and assets of $17.9M (revenue +5.3% year-over-year).
- 2019: Revenue of $8.3M, expenses of $8.2M, and assets of $19.0M (revenue +1.9% year-over-year).
- 2018: Revenue of $8.2M, expenses of $7.8M, and assets of $20.1M (revenue +10.1% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.2M, and assets of $9.5M (revenue +2.8% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.1M, and assets of $9.7M (revenue +3.7% year-over-year).
- 2015: Revenue of $7.0M, expenses of $6.8M, and assets of $10.4M (revenue +5.0% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.9M, and assets of $10.1M (revenue -3.3% year-over-year).
- 2013: Revenue of $6.9M, expenses of $6.6M, and assets of $10.9M (revenue +7.9% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.5M, and assets of $12.0M (revenue +7.4% year-over-year).
- 2011: Revenue of $5.9M, expenses of $6.1M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairmount Country Club:
Data Sources and Methodology
This transparency report for Fairmount Country Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.