Civic Intelligence

Glen Rock Athletic Club Corp

EIN 22-0942777 • 501(c)7 • Glen Rock, NJ

Profile

See Part III

221 Main StreetGlen Rock, NJ 07452
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.26x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2025

Net Margin

21st percentile

-8.9%

Higher net margin than 21% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2025

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N50 • <$500k nonprofits • Source year 2025

Asset Growth

23rd percentile

-13%

Faster asset growth than 23% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

-6.5%

Faster revenue growth than 34% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$287,304

Up $43,506 (+18%) from 2022

Liabilities

Down

$63,865

Down $1,372 (-2.1%) from 2022

Net Assets

Up

$223,439

Up $44,878 (+25%) from 2022

Revenue

Up

$402,618

Up $30,810 (+8.3%) from 2022

Expenses

Up

$350,207

Up $30,560 (+9.6%) from 2022

Net Income

Up

$52,411

Up $250 (+0.5%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2020: $196,115Liabilities 2020: $198,123Net Assets 2020: -$2,0082020Assets 2021: $221,963Liabilities 2021: $95,563Net Assets 2021: $126,4002021Assets 2022: $243,798Liabilities 2022: $65,237Net Assets 2022: $178,5612022Assets 2023: $287,304Liabilities 2023: $63,865Net Assets 2023: $223,4392023

Highlighted filing

2023

Assets$287,304
Liabilities$63,865
Net Assets$223,439

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $113,193Expenses 2020: $115,201Net Income 2020: -$2,0082020Revenue 2021: $356,302Expenses 2021: $269,527Net Income 2021: $86,7752021Revenue 2022: $371,808Expenses 2022: $319,647Net Income 2022: $52,1612022Revenue 2023: $402,618Expenses 2023: $350,207Net Income 2023: $52,4112023

Highlighted filing

2023

Revenue$402,618
Expenses$350,207
Net Income$52,411

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 10, 2023
Return Version
2022v4.1
Gross Receipts
$371,808
Mission and Program Overview

Mission

See Part III

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$63,101$145,158▲ $82,057
Cash and Non-Interest-Bearing Accounts$142,321$87,841▼ $54,480
Inventories for Sale or Use$14,960$9,218▼ $5,742
Total Assets$221,963$243,798▲ $21,835
Other Assets Total$1,581$1,581→ $0
Liabilities
Other Liabilities$94,524$64,198▼ $30,326
Accounts Payable and Accrued Expenses$1,039$1,039→ $0
Total Liabilities$95,563$65,237▼ $30,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,400$178,561▲ $52,161
Total Net Assets Fund Balance$126,400$178,561▲ $52,161
Total Liabilities and Net Assets / Fund Balance$221,963$243,798▲ $21,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$145,158-$145,158
Other Assets Org$1,581--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric OrseckPresident
John CopellaTrustee
Michael GenschTrustee
Gil GallegoSecretary
Peter CassidyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$371,808
Change in Net Assets
$52,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$260,608
Salaries, Compensation, and Employee Benefits$59,039
Total Fundraising Expense$18,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$239,387-$239,387
Other Salaries and Wages-$53,878-$53,878
Other Expenses--$18,353$18,353
Payroll Taxes-$5,161-$5,161
Fees for Services Accounting-$2,868-$2,868
Total Functional Expenses$0$301,294$18,353$319,647
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$64,198
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

1. To look after the physical, mental and social welfare of its members;2. To promote good fellowship;3. To promote the interest of its members in athletics;4. To provide opportunities for its members to participate in athletic pursuits;5. To sponsor and conduct worthwhile athletic programs within the Borough of Glen Rock and elsewhere;6. To carry on the long-standing traditions and customs of the Club and to provide leadership, enthusiasm and guidance to members of theClub and the community; and7. To promote educational and charitable programs and endeavors to benefit the community at large.8. To provide a safe and friendly venue for members to congregate and socialize

Members or stockholder classes and rights Part VI line 6

Each individual regular member of the Club, who is considered in good standing, as defined herein, at the time of said vote, shall be entitled to one vote.

Member election for additional members Part VI line 7A

Election of Officers and Trustees shall take place at the annual meeting of the Club held in January. All nominations may be made from the floor at this time. After the Trustees have been elected they shall elect the Officers of the Club unless a proper motion is made from the floor and carried by majority vote, that all qualified regular members shall vote for the officers of the Club.

Governing body decisions Part VI line 7B

Ten percent (10%) of the regular membership, in good standing at the time of the meeting, of the Club shall constitute a quorum for the transaction of business at any meeting of the Club except where otherwise provided herein.

Form 990 governing body review Part VI line 11

All except the Secretary must be a member of the Board of Trustees, consisting of nineregular members of the Club, who shall be elected as stated in Article VI-Section 1.A. All officers must be regular members of the Club and shall have been a regular member of the Club for at least two (2) full years preceding running for office (by way of example, if a member is voted to membership in July of year one, they are not eligible to hold office until January of year four, when officers are elected). No members shall be eligible to hold office should they not be considered in good standing as defined herein the time of election.

Officer director etc mailing address Part VI line 9

The Officers of the Club shall consist of: A.PresidentB.First Vice PresidentC.SecretaryD.TreasurerAll except the Secretary must be a member of the Board of Trustees,

Conflict of interest policy compliance Part VI line 12C

No members of the Board, as defined, shall have any conflicts of interest or ancillary benefits from resulting from their position on the Board

CEO executive director top management comp Part VI line 15A

Officers, Trustees and Their Duties The Officers of the Club shall consist of: A.PresidentB.First Vice PresidentC.SecretaryD.Treasurer

Other officer or key employee compensation Part VI line 15B

Board of Trustees The Board of Trustees shall be responsible for the general management of the affairs of the Club. They shall not act on any matters with a quorum of less than five members present. Any member of the Board of Trustees missing three (3) consecutive meetings may be replaced by a majority vote of the remaining members. Actions of all committees are subject to the approval of the Board of Trustees.The Board of Trustees have and are invested with full authority to appoint committees and sub-committees, for the effective management of the Club and so publish all rules and regulations thereto;And all rules governing the conduct of its members and guests;And further to provide punishment for the infraction of said rules; Except however, that where the punishme

Form 990 availability to public Part VI line 18

The Form 990 Shall be made available to anyone who requests it

Governing documents etc available to public Part VI line 19

All non personnel files shall be open to the public as requested

Filing and Contact Details

Filer

Filer Name
Glen Rock Athletic Club Corp
EIN
22-0942777
Address
221 Main Street, Glen Rock, NJ 07452

Signing Officer

Name
Peter Cassidy
Title
Treasurer
Phone
2016707662
Signed
2023-02-10
Discuss with paid preparer
No

Organization Details

Formed
1938
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
25

Preparer

Firm
Robert D VanLangen CPA
Address
62 Concord Avenue, Glen Rock, NJ 07452
Preparer
Robert VanLangen CPA
Phone
2016526136
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Dues are posteed in Club membershop documents and will be paid on a fimely basis by all members. The same goes for payment for food or beverages that are purchased

List of other expenses Part IX line 24E

Treasurer It shall be the duty of the Treasurer to receive all money from whatever source and to give a receipt thereof. He shall keep a current account of the amounts and purposes of all receipts and disbursements, and generally perform his duties and office in such manners as directed by the Board of Trustees. The financial transactions incident to the office of the Treasurer shall at all times be subject to the approval, authority, as ratification of the Board of Trustees in order to be binding on the Club.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. To look after the physical, mental and social welfare of its members;2. To promote good fellowship;3. To promote the interest of its members in athletics;4. To provide opportunities for its members to participate in athletic pursuits;5. To sponsor and conduct worthwhile athletic programs within the Borough of Glen Rock and elsewhere;6. To carry on the long-standing traditions and customs of the Club and to provide leadership, enthusiasm and guidance to members of theClub and the community; and7. To promote educational and charitable programs and endeavors to benefit the community at large.8. To provide a safe and friendly venue for members to congregate and socialize
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each individual regular member of the Club, who is considered in good standing, as defined herein, at the time of said vote, shall be entitled to one vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Election of Officers and Trustees shall take place at the annual meeting of the Club held in January. All nominations may be made from the floor at this time. After the Trustees have been elected they shall elect the Officers of the Club unless a proper motion is made from the floor and carried by majority vote, that all qualified regular members shall vote for the officers of the Club.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Ten percent (10%) of the regular membership, in good standing at the time of the meeting, of the Club shall constitute a quorum for the transaction of business at any meeting of the Club except where otherwise provided herein.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All except the Secretary must be a member of the Board of Trustees, consisting of nineregular members of the Club, who shall be elected as stated in Article VI-Section 1.A. All officers must be regular members of the Club and shall have been a regular member of the Club for at least two (2) full years preceding running for office (by way of example, if a member is voted to membership in July of year one, they are not eligible to hold office until January of year four, when officers are elected). No members shall be eligible to hold office should they not be considered in good standing as defined herein the time of election.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Officers of the Club shall consist of: A.PresidentB.First Vice PresidentC.SecretaryD.TreasurerAll except the Secretary must be a member of the Board of Trustees,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No members of the Board, as defined, shall have any conflicts of interest or ancillary benefits from resulting from their position on the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Officers, Trustees and Their Duties The Officers of the Club shall consist of: A.PresidentB.First Vice PresidentC.SecretaryD.Treasurer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Board of Trustees The Board of Trustees shall be responsible for the general management of the affairs of the Club. They shall not act on any matters with a quorum of less than five members present. Any member of the Board of Trustees missing three (3) consecutive meetings may be replaced by a majority vote of the remaining members. Actions of all committees are subject to the approval of the Board of Trustees.The Board of Trustees have and are invested with full authority to appoint committees and sub-committees, for the effective management of the Club and so publish all rules and regulations thereto;And all rules governing the conduct of its members and guests;And further to provide punishment for the infraction of said rules; Except however, that where the punishme
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The Form 990 Shall be made available to anyone who requests it
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10All non personnel files shall be open to the public as requested
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Dues are posteed in Club membershop documents and will be paid on a fimely basis by all members. The same goes for payment for food or beverages that are purchased
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Treasurer It shall be the duty of the Treasurer to receive all money from whatever source and to give a receipt thereof. He shall keep a current account of the amounts and purposes of all receipts and disbursements, and generally perform his duties and office in such manners as directed by the Board of Trustees. The financial transactions incident to the office of the Treasurer shall at all times be subject to the approval, authority, as ratification of the Board of Trustees in order to be binding on the Club.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12List of other expenses Part IX line 24e
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Cassidy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02016707662
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Glen Rock Athletic Club Corp
ReturnHeader/Filer/BusinessNameControlTxt0GLEN
ReturnHeader/Filer/EIN0220942777
ReturnHeader/Filer/USAddress/AddressLine1Txt0221 Main Street
ReturnHeader/Filer/USAddress/CityNm0Glen Rock
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007452
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200521563
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert D VanLangen CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt062 Concord Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Glen Rock
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007452
ReturnHeader/PreparerPersonGrp/PhoneNum02016526136
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert VanLangen CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-02-11T10:00:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Peter
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Cassidy
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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