Edgcomb Tennis Club
- Assets
- $331.6k
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Kennebunk, ME
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 01-0440560
Organization Overview
Edgcomb Tennis Club is located in Kennebunk, ME. The organization was established in 1989. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Edgcomb Tennis Club employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgcomb 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 12/2023, Edgcomb Tennis Club generated $206.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $187.4k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TENNIS CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF TENNIS COURTS TO MEMBERS
PROVISION OF TENNIS COURTS FOR LOCAL COMMUNITY ASSOCIATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurel Mullen President | Officer | 2 | $0 |
Dan Lyons Vice Preside | Officer | 1 | $0 |
Cheryl Magalski Treasurer | Officer | 1 | $0 |
Sally Mcnamara Secretary | Trustee | 1 | $0 |
Ashley Barton Director | Trustee | 1 | $0 |
Michael Spenlinhauer Director | Trustee | 2 | $21,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625 |
| Total Program Service Revenue | $202,787 |
| Investment income | $3,017 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,359 |
| 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 | $16,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,819 |
| Payroll taxes | $2,246 |
| Fees for services: Management | $21,448 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $0 |
| Office expenses | $2,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,510 |
| 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 | $26,928 |
| Insurance | $692 |
| All other expenses | $3,569 |
| Total functional expenses | $187,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,966 |
| Savings and temporary cash investments | $114,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $86,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,500 |
| Other assets | $0 |
| Total assets | $331,593 |
| Accounts payable and accrued expenses | $12,261 |
| 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 | $0 |
| Total liabilities | $12,261 |
| Net assets without donor restrictions | $319,332 |
| 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 | $331,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgcomb Tennis Club Kennebunk, ME | $331,593 | $206,429 |
Algonquin Indoor Tennis Center Inc Hooksett, NH | $690,968 | $147,140 |
Tennis Coop Inc Madbury, NH | $454,103 | $0 |
Wolfeboro Tennis Club Inc Wolfeboro, NH | $172,485 | $0 |
Nh Lakes Region Pickleball Club Wolfeboro, NH | $2,082,012 | $1,072,423 |
Concord Youth Lacrosse Association Inc Concord, NH | $52,241 | $0 |