Nonprofit · EIN 22-1207825
PREAKNESS HILLS COUNTRY CLUB
Tax-exempt · WAYNE, NJ 07470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,404,568 | $9,238,374 | $2,166,194 | $13,595,122 | $6,530,482 | $7,064,640 |
| December 31, 2023 | 990 | $9,614,256 | $8,933,997 | $680,259 | $12,673,119 | $7,756,898 | $4,916,221 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,845,851
- Investment income
- $661,003
- Net rental income
- $79,100
- Net gain from sales of assets
- $619,072
- Net income from sales of inventory
- $3,606,841
- Other revenue
- $3,897,714
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $300,522
- Other salaries and wages
- $3,438,462
- Salaries, compensation and benefits (total)
- $4,523,340
- Professional fundraising fees
- $0
- Legal fees
- $72,803
- Accounting fees
- $28,800
- Occupancy
- $795,935
- Travel
- $20,572
Balance sheet and other
- Total assets, start of year
- $12,673,119
- Total assets, end of year
- $13,595,122
- Total liabilities, end of year
- $6,530,482
- Net assets, end of year
- $7,064,640
- Land, buildings and equipment
- $7,896,242
- Net assets without donor restrictions
- $7,064,640
- Gross unrelated business income
- $734,112
- Gross receipts
- $12,639,369
- Employees
- 115
- Volunteers
- 15
- Year formed
- 1926
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL KRAMER | GENERAL MANAGER Key employee | 40 | $271,600 | $28,922 |
| CHRISTOPHER PASSARO | EXECUTIVE CHEF Highest-paid employee | 40 | $248,783 | $31,056 |
| ANTHONY ESPE | GREENS SUPERINTENDENT Highest-paid employee | 40 | $142,600 | $1,754 |
| ERIC GOULD | CLUB PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| STEVEN BOTWINICK | 1ST VICE PRESIDENT/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| MATT FEINER | 2ND VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GERARD J DONNELLY | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JONATHAN ABER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| ALICE BROSER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| PERRY CHUDNOFF | GOVERNOR Trustee or director | 3 | $0 | $0 |
| JORDAN FARKAS | GOVERNOR Trustee or director | 3 | $0 | $0 |
| ROBERT KANTOR | GOVERNOR Trustee or director | 3 | $0 | $0 |
| MITCHELL LEIBOWTIZ | GOVERNOR Trustee or director | 3 | $0 | $0 |
| BRIAN MANDLER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| MATTHEW MAZON | GOVERNOR Trustee or director | 3 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH MYONES | GOVERNOR Trustee or director | 3 | $0 |
| MARK S ROSEN | GOVERNOR Trustee or director | 3 | $0 |
| PETER VON HALLE | GOVERNOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL KRAMER | GENERAL MANAGER Key employee | 40 | $231,346 | $28,922 |
| CHRISTOPHER PASSARO | EXECUTIVE CHEF Highest-paid employee | 40 | $213,400 | $32,130 |
| JOHN O'KEEFE | GREENS SUPERINTENDENT Key employee | 40 | $203,339 | $19,322 |
| ERIC GOULD | CLUB PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| STEVEN BOTWINICK | 1ST VICE PRESIDENT/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| MATT FEINER | 2ND VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GERARD J DONNELLY | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALICE BROSER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| PERRY CHUDNOFF | GOVERNOR Trustee or director | 3 | $0 | $0 |
| JORDAN FARKAS | GOVERNOR Trustee or director | 3 | $0 | $0 |
| ROBERT KANTOR | GOVERNOR Trustee or director | 3 | $0 | $0 |
| MATTHEW MAZON | GOVERNOR Trustee or director | 3 | $0 | $0 |
| BRIAN MANDLER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| MARK S ROSEN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| WILLIAM RUKIN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| PETER VON HALLE | GOVERNOR Trustee or director | 3 | $0 | $0 |
| ANDREW SILVERMAN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| MARC YUDKIN | GOVERNOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1050 RATZER ROAD, WAYNE, NJ 07470-3308
- Principal officer (990 for 2024)
- STEVEN BOTWINICK, 1050 RATZER ROAD, WAYNE, NJ 074703384
- Signed the 990
- STEVEN BOTWINICK, VICE PRESIDENT & TREASURER
- Phone
- (973) 694-2200
- Website
- WWW.PREAKNESSHILLS.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
TO PROVIDE GOLF AND OTHER RECREATIONAL ACTIVITIES FOR ITS MEMBERS, THEIR FAMILY AND GUESTS.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1207825
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,595,122
- Income (IRS master file)
- $12,639,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,404,568 | $9,238,374 | $13,595,122 | IRS |
| 990 | December 2023 | $9,614,256 | $8,933,997 | $12,673,119 | XML |
| 990 | December 2022 | $8,548,723 | $8,756,468 | $12,418,447 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1207825).
Questions about PREAKNESS HILLS COUNTRY CLUB
- What is the EIN of PREAKNESS HILLS COUNTRY CLUB?
- The employer identification number (EIN) of PREAKNESS HILLS COUNTRY CLUB is 22-1207825.
- Is PREAKNESS HILLS COUNTRY CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1945.
- Are donations to PREAKNESS HILLS COUNTRY CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PREAKNESS HILLS COUNTRY CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PREAKNESS HILLS COUNTRY CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PREAKNESS HILLS COUNTRY CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PREAKNESS HILLS COUNTRY CLUB?
- The 990 for the year ended December 31, 2024 names STEVEN BOTWINICK.
- Who are the officers and directors of PREAKNESS HILLS COUNTRY CLUB?
- The 990 for the year ended December 31, 2024 lists 18 people; 3 received compensation from the organization, the highest $271,600 (RACHEL KRAMER, GENERAL MANAGER).
- How much revenue does PREAKNESS HILLS COUNTRY CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,404,568, expenses of $9,238,374 and total assets of $13,595,122 at year end.
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