L S P Association is located in Gilford, NH. The organization was established in 0000. 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 10/2022, L S P Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L S P Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, L S P Association generated $844.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $967.0k during the year ending 10/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A SOCIAL RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VARIOUS RECREATIONAL ACTIVITIES AND SOCIAL FUNCTIONS FOR THE 310 MEMBERS, THIER FAMILIES AND FRIENDS.
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carole Hall Vice Chair | Officer | 0 | $0 |
Dave Walley Director | Officer | 0 | $0 |
Phil Richard Secretary | Officer | 0 | $0 |
Mike Cummings Treasurer | Officer | 0 | $0 |
Kevin Sheppard Chairperson | Officer | 0 | $0 |
Frank Cook Director | Officer | 0 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $841,127 |
Investment income | $3,265 |
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 | $844,392 |
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 | $248,064 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,574 |
Payroll taxes | $17,582 |
Fees for services: Management | $89,079 |
Fees for services: Legal | $10,875 |
Fees for services: Accounting | $5,499 |
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 | $32,206 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $110,085 |
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 | $60,951 |
Insurance | $32,190 |
All other expenses | $162,135 |
Total functional expenses | $967,017 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $748,474 |
Savings and temporary cash investments | $126,897 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,360 |
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 | $23,702 |
Net Land, buildings, and equipment | $1,632,743 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,550,176 |
Accounts payable and accrued expenses | $48,501 |
Grants payable | $0 |
Deferred revenue | $268,808 |
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 | $72,307 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $18,311 |
Total liabilities | $407,927 |
Net assets without donor restrictions | $2,142,249 |
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 | $2,550,176 |
Organization Name | Assets | Revenue |
---|---|---|
Elderhostel Inc Boston, MA | $135,068,845 | $25,807,817 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Ekwanok Country Club Manchester, VT | $8,586,281 | $4,806,636 |
Womens Tennis Benefit Association Inc North Reading, MA | $145,348,464 | $3,190,187 |
Abenaqui Country Club Inc Rye Beach, NH | $11,569,362 | $5,766,433 |
Dorset Field Club Inc Dorset, VT | $7,951,014 | $4,678,359 |
Boston Yacht Club Marblehead, MA | $4,161,288 | $3,242,838 |
Concord Country Club Inc Concord, NH | $6,058,459 | $2,790,270 |