2024-09-10T17:40:33-05:00 2023-12-31 WITHUM SMITH BROWN PC 506 CARNEGIE CENTER STE 400 PRINCETON NJ 085406243 990 2023-01-01 210466245 Cobblestone Creek Country Club % COBBLESTONE CREEK COUNTRY CL COBB 6098960259 2170 Lawrence Road Lawrenceville NJ 08648 Barry Wolper TREASURER 6098960259 2024-09-09 true true Amanda Romond P01714091 6095201188 2023 2024-08-08 14:25:15Z Barry Wolper 2170 Lawrence Road Lawrenceville NJ 08648 7041127 false X WWW.COBBLESTONECREEK.CLUB X 1938 NJ TO PROVIDE GOLF, TENNIS & SWIMMING FACILITATES FOR ITS MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE MEMBERSHIP 14 14 171 14 -582 0 350000 0 2887181 4070879 261852 210068 1681700 1851702 5180733 6132649 0 0 0 0 2859617 3150133 0 0 0 2242066 2522148 5101683 5672281 79050 460368 5407392 6222169 5478228 5843760 -70836 378409 TO PROVIDE GOLF, TENNIS, AND SWIMMING FACILITIES FOR ITS MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE USE AND ENJOYMENT OF ITS MEMBERS. false false TO PROVIDE GOLF, TENNIS, AND SWIMMING FACILITIES FOR ITS MEMBERS. IN ADDITION, THE CLUB MAINTAINS A CLUBHOUSE IN WHICH DINING FACILITIES ARE AVAILABLE FOR THE USE AND ENJOYMENT OF ITS MEMBERS. false false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false true 16 0 true 171 true true true false false false false 94646 519489 false false false X 14 14 false false false false true true true true true false false true false false false true true false X COBBLESTONE CREEK COUNTRY CL 6098960259 2170 LAWRENCE ROAD LAWRENCEVILLE NJ 08648 X BRIAN BAUER GENERAL MANAGER 40.0 0.0 X 201615 0 4800 JAMES EMERY Membership director 40.0 0.0 X 148158 0 10656 Danielle L Gallone Director of Food & Beverage 40.0 0.0 X 126948 0 6808 RAMON C NAVOA JR Executive Chef 40.0 0.0 X 123856 0 3260 JAY NUSBLATT PRESIDENT 3.0 0.0 X X 0 0 0 RHONDA FINEBURG VICE PRESIDENT 3.0 0.0 X X 0 0 0 STEPHEN SCHAEFER TREASURER 3.0 0.0 X X 0 0 0 REBECCA GOLDSTEIN Secretary 3.0 0.0 X X 0 0 0 BOB BALAAM Director 1.0 0.0 X 0 0 0 CORY ZEITZER Director 1.0 0.0 X 0 0 0 MAHESH YADAV Director 1.0 0.0 X 0 0 0 PHIL DRISCOLL Director 1.0 0.0 X 0 0 0 STEVE SUSSMAN Director 1.0 0.0 X 0 0 0 STAN THUNE Director 1.0 0.0 X 0 0 0 BOB ROSS Director 1.0 0.0 X 0 0 0 LEN CARELLA Director 1.0 0.0 X 0 0 0 HOWARD DEUTSCH Director 1.0 0.0 X 0 0 0 LORIE SCHWARTZ Director 1.0 0.0 X 0 0 0 600577 0 25524 4 false true false 0 0 MEMBERSHIP DUES & ASSESSMENTS 713910 4070879 4070879 4070879 68 68 0 0 0 0 0 210000 210000 210000 210000 0 0 0 0 0 0 2760180 908478 1851702 1852352 -650 0 6132649 5923231 -582 210000 0 0 0 0 206415 0 2472322 34259 130639 306498 0 0 0 0 0 0 520707 19779 88518 7934 0 964749 0 0 0 267486 0 314289 142102 PROGRAM SUPPLIES 128919 BAD DEBT EXPENSE 51845 STAFF DEVELOPMENT 11338 FEDERAL INCOME TAXES 4482 5672281 X 12830 48250 294248 51011 0 0 480187 739485 0 0 0 0 0 0 65258 70163 74978 67671 15108610 10238131 4443383 4870479 0 0 0 0 0 0 0 0 36508 375110 5407392 6222169 573424 440039 0 0 2819462 2329573 0 0 0 0 0 0 2010170 2703108 0 0 75172 371040 5478228 5843760 X -70836 378409 0 0 -70836 378409 5407392 6222169 460368 -11123 X false true X true false 53872 53872 8960648 8307896 652752 1017998 911743 106255 5076092 1018492 4057600 4870479 RIGHT OF USE ASSET 338251 DEPOSITS 24497 OTHER ASSETS 12362 375110 0 LEASE LIABILITY 344524 OTHER CURRENT LIABILITIES 26516 371040 X 7041127 908478 908478 6132649 6132649 6580759 908478 908478 5672281 5672281 FORM 990, SCHEDULE D, PART X, LINE 2 THE CLUB QUALIFIES AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(7) AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL TAXES ON EXEMPT FUNCTION INCOME. In 2017, the Club sold a portion of its land to a developer. Under Internal Revenue Code Section 512(a)(3)(D), a club is not subject to a capital gain tax on the sale of property used directly in the Club's exempt function to the extent that the proceeds from the sale are reinvested in the Club's exempt purpose within one year prior to recognizing the capital gain and three years after recognizing the capital gain. Under this code section, the Club estimated the unrelated business income tax will be due with the Club's federal tax return filed for the years ended December 31, 2023 and 2022 for the portion of the proceeds which are expected to not be reinvested. The estimated tax liability has been accrued in the consolidated statements of financial position as of December 31, 2023 and 2022, as management has considered the amount estimable and probable. As of December 31, 2023 and 2022, the Club's federal income tax accrual was $624 and $88,528, respectively. The Club follows the accounting pronouncement dealing with uncertain tax positions and had no unrecognized tax benefits at December 31, 2023 and 2022. The Club files tax returns in the U.S. federal and state jurisdictions. In addition, the Club has no income tax related penalties or interest for the periods presented in these consolidated financial statements. FORM 990, SCHEDULE D, PART XI, LINE 2D & PART XII, LINE 2D INCLUDED ON THESE LINES ARE $908,478 FOR THE COST OF GOODS SOLD REPORTED ON THE AUDITED FINANCIALS AS AN EXPENSE AND NETTED AGAINST THE RELATED REVENUE FOR PRESENTATIONAL PURPOSES ON PART VIII, STATEMENT OF REVENUE. X false false false BRIAN BAUER GENERAL MANAGER 201615 0 0 0 0 0 0 0 4800 0 206415 0 0 0 JAMES EMERY Membership director 148158 0 0 0 0 0 5856 0 4800 0 158814 0 0 0 PART VI, SECTION A - QUESTION 6 THE COBBLESTONE CREEK COUNTRY CLUB WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. PART VI, SECTION A - QUESTION 7A NOMINATIONS FOR ELECTION TO THE BOARD SHALL BE MADE BY A NOMINATING COMMITTEE. THE COMMITTEE SHALL BE APPOINTED BY THE PRESIDENT AND SHALL CONSIST OF FIVE MEMBERS NOT MORE THAN TWO OF WHOM MAY BE DIRECTORS. OTHER NOMINATIONS MAY BE MADE BY PETITION, SIGNED BY AT LEAST TEN MEMBERS IN GOOD STANDING, SAID PETITION TO BE SUBMITTED TO THE SECRETARY AT LEAST TEN DAYS PRIOR TO THE ANNUAL MEETING. NAMES OF ALL NOMINEES SHALL BE MAILED TO MEMBERS IN GOOD STANDING AT LEAST SIX DAYS PRIOR TO THE ANNUAL MEETING. AT THE ANNUAL MEETING OF THE MEMBERSHIP AT LEAST SIX NEW DIRECTORS SHALL BE ELECTED BY PLURALITY VOTE TO SUCCEED THOSE WHOSE TERMS EXPIRE OR TO FILL THE UNEXPIRED TERMS OF ANY DIRECTOR. PART VI, SECTION A - QUESTION 7B THE BOARD OF DIRECTORS SHALL HAVE THE POWER TO FILL VACANCIES CREATED BY RESIGNATION, DEATH OR REMOVAL UNTIL THE NEXT ANNUAL MEETING OF THE MEMBERSHIP AT WHICH THE MEMBERS SHALL ELECT A DIRECTOR TO FILL THE VACANCY FOR THE BALANCE OF THE UNEXPECTED TERM. PART VI, SECTION B - QUESTION 11B A COPY OF THE FORM 990 WILL BE MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FILING. PART VI, SECTION B - QUESTIONS 15A & 15B THE REVIEW PROCESS FOR DETERMINING COMPENSATION IS PERFORMED BY THE EXECUTIVE COMMITTEE WITH THE APPROVAL OF THE PRESIDENT. PART VI, SECTION C - QUESTION 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. Part XI, Line 8 Financial Statement issued after due date of 11/15/2023 for the December 31, 2022 Form 990