Civic Intelligence

The Lake Valhalla Club

990 • Fiscal year 2018 • EIN 22-6097065

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileWWW.LAKEVALHALLACLUB.COM

View Organization Page

13 Vista RoadMontville, NJ 07045

(973) 794-6485

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.31x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.39x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

57th percentile

5.8%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$104,781

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Asset Growth

63rd percentile

2.8%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

1.1%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,467,921

Up $96,064 (+2.8%) from 2017

Net Assets

Up

$2,393,361

Up $159,235 (+7.1%) from 2017

Liabilities

Down

$1,074,560

Down $63,171 (-5.6%) from 2017

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin57th percentile

Revenue

Up

$2,783,451

Up $29,329 (+1.1%) from 2017

Expenses

Up

$2,622,479

Up $182,128 (+7.5%) from 2017

Net Income

Down

$160,972

Down $152,799 (-49%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,385,373Liabilities 2011: $2,339,989Net Assets 2011: $1,045,3842011Assets 2012: $3,385,579Liabilities 2012: $2,376,615Net Assets 2012: $1,008,9642012Assets 2013: $3,583,401Liabilities 2013: $2,498,147Net Assets 2013: $1,085,2542013Assets 2014: $3,645,307Liabilities 2014: $2,286,779Net Assets 2014: $1,358,5282014Assets 2015: $2,969,608Liabilities 2015: $1,367,798Net Assets 2015: $1,601,8102015Assets 2016: $3,179,928Liabilities 2016: $1,254,422Net Assets 2016: $1,925,5062016Assets 2017: $3,371,857Liabilities 2017: $1,137,731Net Assets 2017: $2,234,1262017Assets 2018: $3,467,921Liabilities 2018: $1,074,560Net Assets 2018: $2,393,3612018Assets 2019: $3,145,626Liabilities 2019: $849,223Net Assets 2019: $2,296,4032019Assets 2020: $3,097,316Liabilities 2020: $766,376Net Assets 2020: $2,330,9402020Assets 2021: $3,621,471Liabilities 2021: $813,976Net Assets 2021: $2,807,4952021Assets 2022: $3,677,487Liabilities 2022: $712,480Net Assets 2022: $2,965,0072022Assets 2023: $3,659,811Liabilities 2023: $628,018Net Assets 2023: $3,031,7932023Assets 2024: $3,561,881Liabilities 2024: $468,754Net Assets 2024: $3,093,1272024

Highlighted filing

2018

Assets$3,467,921
Liabilities$1,074,560
Net Assets$2,393,361
Open 2018 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,797,5302011Expenses 2012: $1,793,0672012Revenue 2013: $1,908,925Expenses 2013: $1,818,460Net Income 2013: $90,4652013Revenue 2014: $2,144,539Expenses 2014: $1,856,565Net Income 2014: $287,9742014Revenue 2015: $2,691,323Expenses 2015: $2,453,078Net Income 2015: $238,2452015Revenue 2016: $2,774,395Expenses 2016: $2,440,949Net Income 2016: $333,4462016Revenue 2017: $2,754,122Expenses 2017: $2,440,351Net Income 2017: $313,7712017Revenue 2018: $2,783,451Expenses 2018: $2,622,479Net Income 2018: $160,9722018Revenue 2019: $2,571,932Expenses 2019: $2,656,065Net Income 2019: -$84,1332019Revenue 2020: $2,123,014Expenses 2020: $2,085,401Net Income 2020: $37,6132020Revenue 2021: $2,742,895Expenses 2021: $2,260,191Net Income 2021: $482,7042021Revenue 2022: $3,316,051Expenses 2022: $3,148,639Net Income 2022: $167,4122022Revenue 2023: $3,087,237Expenses 2023: $3,009,351Net Income 2023: $77,8862023Revenue 2024: $3,090,192Expenses 2024: $3,021,508Net Income 2024: $68,6842024

Highlighted filing

2018

Revenue$2,783,451
Expenses$2,622,479
Net Income$160,972
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$3,383,594
Mission and Program Overview

Mission

To provide recreation and social activities to members and their guests.

To provide recreational and social activities to members and their guests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,033,970$2,010,892▼ $23,078
Savings and Temporary Cash Investments$955,158$1,107,972▲ $152,814
Accounts Receivable$136,426$157,037▲ $20,611
Cash and Non-Interest-Bearing Accounts$156,915$107,612▼ $49,303
Inventories for Sale or Use$46,875$55,363▲ $8,488
Prepaid Expenses and Deferred Charges$33,133$20,670▼ $12,463
Total Assets$3,371,857$3,467,921▲ $96,064
Other Assets Total$9,380$8,375▼ $1,005
Liabilities
Mortgage Notes Payable Secured by Investment Property$932,797$820,730▼ $112,067
Deferred Revenue$114,647$155,630▲ $40,983
Accounts Payable and Accrued Expenses$90,287$98,200▲ $7,913
Total Liabilities$1,137,731$1,074,560▼ $63,171
Net Assets / Fund Balance
Unrestricted Net Assets$2,234,126$2,393,361▲ $159,235
Total Net Assets Fund Balance$2,234,126$2,393,361▲ $159,235
Total Liabilities and Net Assets / Fund Balance$3,371,857$3,467,921▲ $96,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,093,272$2,303,133$3,396,405
Equipment$492,620$1,083,827$1,576,447
Land$425,000-$425,000
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claudio BeltramiResturant & Banquest ManagerFT$104,000$781$104,781

Board Members and Trustees

NameTitle
Jerry GoldsteinPresident
Patrick McnamaraVice President
Vincent BelcastroCorresponding Secretary
Easmon LoughranMember at Large
Richard CobozioMember at Large
Diane BradyRecording Secretary
Julie AbbottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,623,658
Investment Income
$7,727
Other Revenue
$1,152,066
Change in Net Assets
$160,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,564,311
Other Expenses$1,058,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,412,295
Occupancy---$189,306
Other Expenses---$187,513
Payroll Taxes---$118,446
Office Expenses---$114,557
Insurance---$112,900
Depreciation Depletion---$112,106
Interest---$34,504
Other Employee Benefits---$33,570
Advertising---$29,203
Fees for Services Accounting---$15,451
Total Functional Expenses$0$0$0$2,622,479
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The lake valhalla club (the "club") was established as a membership organization.”

Form 990, Part VI, Section A, Line 7A

“The club holds annual elections for vacant board member positions. All eligible members are permitted to vote in person or by proxy. Board member positions have a term of up to six years.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the treasurer on behalf of the board prior to filing with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are made available to the membership, upon request, at the offices of the club.”

Filing and Contact Details

Filer

Filer Name
Lake Valhalla Club
EIN
22-6097065
Phone
9737946485
Address
13 VISTA ROAD, MONTVILLE, NJ 07045

Signing Officer

Name
Julie Abbott
Title
Treasurer
Phone
9737946485
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Abbott
Formed
1968
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
160
Volunteers
20

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Decrease in member certificates -1,737.”

Raw XML Appendix352 raw XML fields

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

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt4CORRESPONDING SECRETARY
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LAKE VALHALLA CLUB (THE "CLUB") WAS ESTABLISHED AS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CLUB HOLDS ANNUAL ELECTIONS FOR VACANT BOARD MEMBER POSITIONS. ALL ELIGIBLE MEMBERS ARE PERMITTED TO VOTE IN PERSON OR BY PROXY. BOARD MEMBER POSITIONS HAVE A TERM OF UP TO SIX YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE TREASURER ON BEHALF OF THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE MEMBERSHIP, UPON REQUEST, AT THE OFFICES OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECREASE IN MEMBER CERTIFICATES -1,737.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03371857
IRS990/TotalAssetsEOYAmt03467921
IRS990/TotalAssetsGrp/BOYAmt03371857
IRS990/TotalAssetsGrp/EOYAmt03467921
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0160
IRS990/TotalFunctionalExpensesGrp/TotalAmt02622479
IRS990/TotalGrossUBIAmt089442
IRS990/TotalLiabilitiesBOYAmt01137731
IRS990/TotalLiabilitiesEOYAmt01074560
IRS990/TotalLiabilitiesGrp/BOYAmt01137731
IRS990/TotalLiabilitiesGrp/EOYAmt01074560
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02234126
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02393361
IRS990/TotalOtherCompensationAmt0781
IRS990/TotalProgramServiceRevenueAmt01623658
IRS990/TotalReportableCompFromOrgAmt0104000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02694009
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02783451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt089442
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03371857
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03467921
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02234126
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02393361
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013 VISTA ROAD
IRS990/USAddress/CityNm0MONTVILLE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007045
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.LAKEVALHALLACLUB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE ABBOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09737946485
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE VALHALLA CLUB
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0226097065
ReturnHeader/Filer/PhoneNum09737946485
ReturnHeader/Filer/USAddress/AddressLine1Txt013 VISTA ROAD
ReturnHeader/Filer/USAddress/CityNm0MONTVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007045
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C6559D2F2D9E916EF7F955BDA2CCEAE3D9F52865
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.74.172.82
ReturnHeader/FilingSecurityInformation/IPDt02019-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:18:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES J REILLY
ReturnHeader/ReturnTs02019-11-15T12:21:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,467,921
Liabilities
$1,074,560
Net assets
$2,393,361
Revenue
$2,783,451
Expenses
$2,622,479
Net income
$160,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$0.47$3.09$3.09$3.02$0.07
2023Summary only. Only limited summary data is available for this year.$3.66$0.63$3.03$3.09$3.01$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.71$2.97$3.32$3.15$0.17
2021Summary only. Only limited summary data is available for this year.$3.62$0.81$2.81$2.74$2.26$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.77$2.33$2.12$2.09$0.04
2019Summary only. Only limited summary data is available for this year.$3.15$0.85$2.30$2.57$2.66$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.47$1.07$2.39$2.78$2.62$0.16
2017Summary only. Only limited summary data is available for this year.$3.37$1.14$2.23$2.75$2.44$0.31
2016Summary only. Only limited summary data is available for this year.$3.18$1.25$1.93$2.77$2.44$0.33
2015Summary only. Only limited summary data is available for this year.$2.97$1.37$1.60$2.69$2.45$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.65$2.29$1.36$2.14$1.86$0.29
2013Detailed filing. Detailed filing data is available for this year.$3.58$2.50$1.09$1.91$1.82$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$2.38$1.01$1.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$2.34$1.05$1.80
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)7 • $1M-$5M nonprofits