2024-06-19T15:12:26-05:00 2023-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-01-01 221414269 NEWTON COUNTRY CLUB NEWT 9733834817 25 CLUB ROAD NEWTON NJ 07860 DAVID ROME PRESIDENT 9733834817 2024-06-13 1 DAVID ROME 999009999 0 ANTHONY RISPOLI P02467381 9733281825 2024-06-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DAVID ROME 25 CLUB ROAD NEWTON NJ 07860 2707270 0 X WWW.NEWTONCOUNTRYCLUB.ORG X 1945 NJ ORGANIZATION OPERATES GOLF COURSE FOR USE BY MEMBERS. 10 10 47 15 68198 0 0 0 1832297 2020174 13340 16825 419375 399881 2265012 2436880 0 0 0 0 1140047 1333389 0 0 0 978466 1020950 2118513 2354339 146499 82541 1972555 1727657 584046 290707 1388509 1436950 NEWTON COUNTRY CLUB IS A PRIVATE GOLF CLUB THAT PROVIDES SERVICES TO ITS MEMBERS. 0 0 1881663 MEMBERSHIP FEES ARE COLLECTED FROM MEMBERS IN ACCORDANCE WITH THE BY-LAWS. THE CLUB THEN PROVIDES ACCESS TO THE GOLF COURSE AND DINING ACCOMMODATIONS TO THE MEMBERS. 1881663 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 47 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X THE ORGANIZATION 9733834817 25 CLUB ROAD NEWTON NJ 07860 X DAVID ROME PRESIDENT 5.00 X X 0 0 0 PAUL MCEVOY VICE PRESIDENT 5.00 X X 0 0 0 TOM AYRES SECRETARY 2.00 X X 0 0 0 BEN POKRYWA TREASURER 2.00 X X 0 0 0 BRUCE MURPHY TRUSTEE 2.00 X 0 0 0 MIKE MOHAMMADI TRUSTEE 2.00 X 0 0 0 BOB DIFFIN TRUSTEE 2.00 X 0 0 0 CHRISTINA MAZZARELLA TRUSTEE 2.00 X 0 0 0 RON UKLEYA TRUSTEE 2.00 X 0 0 0 PAUL TRACY TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES & ASSE 900099 2020174 2020174 2020174 16825 16825 612343 270390 341953 273755 68198 BOND FORFEITURE INCOME 900099 24400 24400 MISCELLANEOUS REVENUE 900099 17528 17528 APPLICATION FEES 900099 16000 16000 57928 2436880 2351857 68198 16825 1080300 253089 115 78121 113279 13550 176308 87538 GOLF EXPENSES 345347 CLUBHOUSE 88009 RESTAURANT AND BAR EXPE 67722 OTHER 42136 8825 2354339 340741 72422 364287 324407 11481 12388 9231 9889 2836526 1723550 950418 1112976 296397 195575 1972555 1727657 87848 127140 30738 9572 236460 42039 229000 111956 584046 290707 X 1388509 1436950 1388509 1436950 1972555 1727657 X 82541 -34100 X X 1 X 0 1 0 186353 186353 2650173 1723550 926623 1112976 RIGHT OF USE ASSETS 195575 195575 LEASE LIABILITIES 111956 111956 X PART X, LINE 2: THE CLUB IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501 (A) OF THE CODE. THE CLUB IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CLUB FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THESE TAX POSITIONS. THE CLUB DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023. HOWEVER, THE CLUB IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE CLUB BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE CLUB FILES INFORMATIONAL RETURNS WITH THE FEDERAL GOVERNMENT ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE WITHIN CERTAIN STATUTORY PERIODS FROM THE LATEST FILING DATE. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY A VOTE OF THE CLUB MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CLUB MEMBERS VOTE ON BYLAWS AND CERTAIN MAJOR DECISIONS REQUIRE APPROVAL OF THE CLUB MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B NEWTON COUNTRY CLUB HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE FOR REVIEW AND ANY COMMENTS PRIOR TO ITS SUBMISSION. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C NEWTON COUNTRY CLUB CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME AS THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 NEWTON COUNTRY CLUB MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE CENTERS OFFICE AT 25 CLUB ROAD, NEWTON, NJ 07860. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE CENTERS OFFICE AT 25 CLUB ROAD, NEWTON, NJ 07860. FORM 990, PART XI, LINE 9: NET CHANGES IN PROPRIETARY CERTIFICATES -34,100. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.