Nonprofit · EIN 22-6097065
THE LAKE VALHALLA CLUB
Tax-exempt · MONTVILLE, NJ 07045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,090,192 | $3,021,508 | $68,684 | $3,561,881 | $468,754 | $3,093,127 |
| December 31, 2023 | 990 | $3,087,237 | $3,009,351 | $77,886 | $3,659,811 | $628,018 | $3,031,793 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,542,584
- Investment income
- $66,316
- Net income from sales of inventory
- $1,481,292
- Other revenue
- $1,481,292
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,524,653
- Salaries, compensation and benefits (total)
- $1,689,934
- Professional fundraising fees
- $0
- Legal fees
- $18,000
- Accounting fees
- $15,008
- Occupancy
- $243,746
- Depreciation
- $148,638
Balance sheet and other
- Total assets, start of year
- $3,659,811
- Total assets, end of year
- $3,561,881
- Total liabilities, end of year
- $468,754
- Net assets, end of year
- $3,093,127
- Land, buildings and equipment
- $2,329,489
- Net assets without donor restrictions
- $3,093,127
- Gross unrelated business income
- $202,997
- Gross receipts
- $3,539,518
- Employees
- 120
- Volunteers
- 20
- Year formed
- 1968
- 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 |
|---|---|---|---|---|
| CHRISTOPHER SELSER | GENERAL MANAGER/COO Highest-paid employee | 55 | $113,185 | $13,065 |
| TIMOTHY FONSECA | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| LAURE RICHMOND | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DANIEL RICHARDS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MARIANNE GREEN | RECORDING SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL BEDELL | CORRESPONDING SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL METZ | MEMBER AT LARGE Trustee or director | 5 | $0 | $0 |
| THOMAS SCHUR | MEMBER AT LARGE Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY FONSECA | PRESIDENT Trustee or director, Officer | 10 | $0 |
| LAURE RICHMOND | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| DANIEL RICHARDS | TREASURER Trustee or director, Officer | 5 | $0 |
| MARIANNE GREEN | RECORDING SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHAEL BEDELL | CORRESPONDING SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHAEL METZ | MEMBER AT LARGE Trustee or director | 5 | $0 |
| THOMAS SCHUR | MEMBER AT LARGE Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 13 VISTA RD, MONTVILLE, NJ 07045-9749
- In care of
- % LAURE RICHMOND
- Principal officer (990 for 2024)
- DANIEL RICHARDS, 13 VISTA ROAD, MONTVILLE, NJ 07045
- Signed the 990
- DANIEL RICHARDS, TREASURER
- Phone
- (973) 794-6485
- Website
- WWW.LAKEVALHALLACLUB.COM
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
TO PROVIDE RECREATION AND SOCIAL ACTIVITIES TO MEMBERS AND THEIR 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
- 22-6097065
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,561,881
- Income (IRS master file)
- $3,539,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,090,192 | $3,021,508 | $3,561,881 | IRS |
| 990 | December 2023 | $3,087,237 | $3,009,351 | $3,659,811 | XML |
| 990 | December 2022 | $3,316,051 | $3,148,639 | $3,677,487 | 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 22-6097065).
Questions about THE LAKE VALHALLA CLUB
- What is the EIN of THE LAKE VALHALLA CLUB?
- The employer identification number (EIN) of THE LAKE VALHALLA CLUB is 22-6097065.
- Is THE LAKE VALHALLA CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1968.
- Are donations to THE LAKE VALHALLA CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE LAKE VALHALLA 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 THE LAKE VALHALLA 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 THE LAKE VALHALLA 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 THE LAKE VALHALLA CLUB?
- The 990 for the year ended December 31, 2024 names DANIEL RICHARDS.
- Who are the officers and directors of THE LAKE VALHALLA CLUB?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $113,185 (CHRISTOPHER SELSER, GENERAL MANAGER/COO).
- How much revenue does THE LAKE VALHALLA CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,090,192, expenses of $3,021,508 and total assets of $3,561,881 at year end.
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