Spring Lake Golf Club
Spring Lake Golf Club: Strong Financials, Limited Public Mission
EIN: 221982858 · Spring Lake, NJ · NTEE: N6A · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $10.3M |
| Net Assets | $25.6M |
| Transparency Score | 30/100 |
Is Spring Lake Golf Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spring Lake Golf Club
Spring Lake Golf Club (EIN: 221982858) is a nonprofit organization based in Spring Lake, NJ, classified under NTEE code N6A. The organization reported total revenue of $16.3M and total assets of $44.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Lake Golf Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spring Lake Golf Club is a large nonprofit that has been operating for 52 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $10.3M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $39.1M |
| Total Liabilities | $13.6M |
| Net Assets | $25.6M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 45.6 months |
Financial Health Grade: A
In 2023, Spring Lake Golf Club reported a surplus of $1.2M with revenue exceeding expenses, holds 45.6 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Spring Lake Golf Club's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +9.0% | +2.7% |
| 2022 | +13.6% | +19.4% | -0.5% |
| 2021 | +2.0% | +18.4% | +34.2% |
| 2020 | -5.5% | -7.5% | +5.8% |
| 2019 | +15.6% | -0.6% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Spring Lake Golf Club with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Spring Lake Golf Club allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it may be below reporting thresholds or not applicable for this type of organization.
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.
Red Flags
The following concerns were identified during AI analysis of Spring Lake Golf Club's IRS 990 filings:
- Lack of reported program service expenses (0%) raises questions about its nonprofit status and public benefit.
- The organization's activities appear to exclusively benefit its members rather than the broader community.
- No clear mission statement or description of charitable activities is evident from the financial data.
Strengths
The following positive indicators were identified for Spring Lake Golf Club:
- Consistently strong revenue and asset growth over the past several years.
- Healthy financial position with significant assets ($44,090,231 in 2023) and low liabilities.
- Consistent filing of financial documents demonstrates operational compliance.
Frequently Asked Questions about Spring Lake Golf Club
Is Spring Lake Golf Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Spring Lake Golf Club (EIN: 221982858) significant concerns. Mission Score: 30/100. 3 red flags identified, 3 strengths noted.
How does Spring Lake Golf Club spend its money?
Detailed spending breakdown data is not yet available for Spring Lake Golf Club. Check back for updated IRS 990 analysis.
Are donations to Spring Lake Golf Club tax-deductible?
Spring Lake Golf Club is registered as a tax-exempt nonprofit (EIN: 221982858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Spring Lake Golf Club compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Spring Lake Golf Club is below average for NTEE category N6A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spring Lake Golf Club located?
Spring Lake Golf Club is headquartered in Spring Lake, New Jersey and files with the IRS under EIN 221982858. It is classified under NTEE code N6A.
How many years of IRS 990 filings does Spring Lake Golf Club have?
Spring Lake Golf Club has 14 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 $16.3M in total revenue.
What does Spring Lake Golf Club do?
Spring Lake Golf Club is a nonprofit organization in the Recreation & Sports sector, located in Spring Lake, New Jersey. It is classified under NTEE code N6A.
How much revenue does Spring Lake Golf Club have?
Spring Lake Golf Club reported total revenue of $16,318,060. Based on 14 IRS 990 filings on record.
What are Spring Lake Golf Club's total assets?
Spring Lake Golf Club holds total assets of $44,090,231 as reported in IRS 990 filings.
Where is Spring Lake Golf Club located?
Spring Lake Golf Club is based in Spring Lake, New Jersey.
What is Spring Lake Golf Club's EIN?
Spring Lake Golf Club's Employer Identification Number (EIN) is 221982858. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spring Lake Golf Club?
Spring Lake Golf Club is classified under NTEE code N6A (Recreation & Sports).
Is Spring Lake Golf Club a registered 501(c)(3)?
Yes, Spring Lake Golf Club is recognized as a tax-exempt organization by the IRS. EIN: 221982858.
Does Spring Lake Golf Club file IRS Form 990?
Yes, Spring Lake Golf Club has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Spring Lake Golf Club's revenue in 2023?
In the 202312 filing period, Spring Lake Golf Club reported total revenue of $11,448,103, total expenses of $10,295,522, and net assets of $39,108,151.
Is Spring Lake Golf Club's revenue growing or declining?
Spring Lake Golf Club's revenue is growing. Revenue went from $10,246,347 (202212) to $11,448,103 (202312), a +11.7% change. Based on 14 filings on record.
What is Spring Lake Golf Club's most recent 990 filing?
The most recent IRS Form 990 filing for Spring Lake Golf Club covers tax period 202312. It shows revenue of $11,448,103, expenses of $10,295,522, total assets of $39,108,151, and liabilities of $13,553,368.
Is Spring Lake Golf Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Spring Lake Golf Club has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for Spring Lake Golf Club?
The following concerns were identified: Lack of reported program service expenses (0%) raises questions about its nonprofit status and public benefit.. The organization's activities appear to exclusively benefit its members rather than the broader community.. No clear mission statement or description of charitable activities is evident from the financial data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spring Lake Golf Club's strengths?
Positive indicators for Spring Lake Golf Club include: Consistently strong revenue and asset growth over the past several years.. Healthy financial position with significant assets ($44,090,231 in 2023) and low liabilities.. Consistent filing of financial documents demonstrates operational compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Spring Lake Golf Club compensate executives?
Executive compensation is not reported in the provided data, suggesting it may be below reporting thresholds or not applicable for this type of organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'N6A' (Social and Recreational Clubs) National Taxonomy of Exempt Entities code, how does Spring Lake Golf Club justify its 501(c)(7) tax-exempt status without demonstrating public benefit or program service expenses?
Organizations classified as 501(c)(7) are social and recreational clubs primarily supported by membership fees, and their tax-exempt status is for mutual benefit, not public charity. The absence of program service expenses is consistent with this classification, as their purpose is not to serve the public but their members.
What is the primary source of the organization's substantial revenue, and how is it utilized given the lack of reported program expenses?
The primary source of revenue is likely membership dues, green fees, and other club-related income. This revenue is utilized for the operation, maintenance, and improvement of the golf club facilities and services for its members, rather than for external programs.
Filing History
IRS 990 filing history for Spring Lake Golf Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Spring Lake Golf Club's revenue has grown by 56.3%, moving from $7.3M to $11.4M. Total assets increased by 56.5% over the same period, from $25.0M to $39.1M. Total functional expenses rose by 82.5%, from $5.6M to $10.3M. In its most recent filing year (2023), Spring Lake Golf Club reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $13.6M in liabilities against $39.1M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $25.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $10.3M | $39.1M | $13.6M | — | — |
| 2022 | $10.2M | $9.4M | $38.1M | $13.7M | — | — |
| 2021 | $9.0M | $7.9M | $38.3M | $14.7M | — | View 990 |
| 2020 | $8.8M | $6.7M | $28.5M | $6.0M | — | — |
| 2019 | $9.4M | $7.2M | $27.0M | $6.6M | — | View 990 |
| 2018 | $8.1M | $7.3M | $25.2M | $7.0M | — | View 990 |
| 2017 | $7.6M | $7.0M | $24.7M | $7.3M | — | View 990 |
| 2016 | $7.5M | $6.9M | $24.6M | $7.7M | — | View 990 |
| 2015 | $7.5M | $6.7M | $24.2M | $8.0M | — | View 990 |
| 2014 | $7.2M | $6.4M | $24.1M | $8.8M | — | View 990 |
| 2013 | $6.6M | $6.4M | $23.5M | $9.0M | — | View 990 |
| 2012 | $6.8M | $6.4M | $23.2M | $9.0M | — | View 990 |
| 2011 | $6.6M | $6.1M | $22.9M | $9.0M | — | View 990 |
| 2010 | $7.3M | $5.6M | $25.0M | $10.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $10.3M, and assets of $39.1M (revenue +11.7% year-over-year).
- 2022: Revenue of $10.2M, expenses of $9.4M, and assets of $38.1M (revenue +13.6% year-over-year).
- 2021: Revenue of $9.0M, expenses of $7.9M, and assets of $38.3M (revenue +2.0% year-over-year).
- 2020: Revenue of $8.8M, expenses of $6.7M, and assets of $28.5M (revenue -5.5% year-over-year).
- 2019: Revenue of $9.4M, expenses of $7.2M, and assets of $27.0M (revenue +15.6% year-over-year).
- 2018: Revenue of $8.1M, expenses of $7.3M, and assets of $25.2M (revenue +6.8% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.0M, and assets of $24.7M (revenue +0.7% year-over-year).
- 2016: Revenue of $7.5M, expenses of $6.9M, and assets of $24.6M (revenue +0.5% year-over-year).
- 2015: Revenue of $7.5M, expenses of $6.7M, and assets of $24.2M (revenue +3.3% year-over-year).
- 2014: Revenue of $7.2M, expenses of $6.4M, and assets of $24.1M (revenue +9.0% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.4M, and assets of $23.5M (revenue -2.6% year-over-year).
- 2012: Revenue of $6.8M, expenses of $6.4M, and assets of $23.2M (revenue +3.3% year-over-year).
- 2011: Revenue of $6.6M, expenses of $6.1M, and assets of $22.9M (revenue -9.7% year-over-year).
- 2010: Revenue of $7.3M, expenses of $5.6M, and assets of $25.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spring Lake Golf Club:
Data Sources and Methodology
This transparency report for Spring Lake Golf 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.