Northeast Harbor Tennis Club
- Assets
- $2.1m
- Revenue
- $846.1k
- Investments
- $0.0
- Employees
- 30
- Location
- Southwest Harbor, ME
- Founding
- 12/1964
- Data as of
- 09/2021
- EIN
- 01-0130335
Organization Overview
Northeast Harbor Tennis Club is located in Southwest Harbor, ME. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Northeast Harbor Tennis Club employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Harbor Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Northeast Harbor Tennis Club generated $846.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $634.4k during the year ending 09/2021. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FACILITIES FOR MEMBERS FOR TENNIS AND SWIMMING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS AND SWIM CLUB SERVING OVER 400 MEMBERSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Fletcher Secretary & | OfficerTrustee | $0 | |
E Perot Bissell IV Treasurer | OfficerTrustee | $0 | |
Howard Lapsley Vice Preside | OfficerTrustee | $0 | |
Robert Loring President | OfficerTrustee | $0 | |
Christopher G Scott Vice Preside | OfficerTrustee | $0 | |
Johanna Boynton Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $587,498 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,160 |
| Total Program Service Revenue | $229,565 |
| Investment income | $1,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$26,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $846,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,662 |
| Payroll taxes | $22,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,599 |
| Insurance | $33,572 |
| All other expenses | $0 |
| Total functional expenses | $634,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $803,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $400 |
| Prepaid expenses and deferred charges | $25,179 |
| Net Land, buildings, and equipment | $1,232,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,138,129 |
| Accounts payable and accrued expenses | $6,870 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12 |
| Total liabilities | $6,882 |
| Net assets without donor restrictions | $2,131,247 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,138,129 |
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