Burlington Tennis Club Inc
- Assets
- $668.2k
- Revenue
- $786.8k
- Investments
- $0.0
- Employees
- 50
- Location
- Burlington, VT
- Founding
- 02/1988
- Data as of
- 09/2023
- EIN
- 03-0197270
Organization Overview
Burlington Tennis Club Inc is located in Burlington, VT. The organization was established in 1988. 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 09/2023, Burlington Tennis Club Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington Tennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Burlington Tennis Club Inc generated $786.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $643.2k during the year ending 09/2023. While expenses have increased by 9.8% per year over the past 4 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
THE ORGANIZATION IS A SOCIAL CLUB WITH RECREATIONAL FACILITIES. MEMBERS PARTICIPATE IN SOCIAL EVENTS, PLAY TENNIS AND SWIM. THERE ARE APPROXIMATELY 500 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS PROGRAM:BTC OFFERS PRIVATE LESSONS, JUNIOR PROGRAMS, ADULT CLINICS, SUMMER CAMPS AND TOURNAMENTS.
MEMBER WORK DAY: ALL CLUB MEMBERS WERE INVITED TO PARTICIPATE IN A MEMBER WORK DAY, ON TWO CONSECUTIVE SATURDAYS IN THE SPRING. THOSE WHO DID NOT PARTICIPATE WERE ASSESSED A FEE.
SWIM PROGRAM:BTC OFFERS SWIM LESSONS AND AN EXPANSIVE SWIM TEAM.
SNACK BAR:BTC OFFERS SNACK FOOD, GRILLED FOOD AND BEVERAGES TO CAMP ATTENDEES, SWIM PROGRAM MEMBERS, EMPLOYEES AND CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Platt Vice President | OfficerTrustee | 0 | $0 |
Kevin Veller President | OfficerTrustee | 0 | $0 |
Emily Mclean Secretary | OfficerTrustee | 0 | $0 |
Mike Desautels Director | Trustee | 0 | $0 |
Jennifer Rowling Director | Trustee | 0 | $0 |
Shona Mossey Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $533,935 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,235 |
| Total Program Service Revenue | $246,539 |
| Investment income | $1,754 |
| 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 | $786,790 |
| 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 | $339,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,075 |
| Fees for services: Accounting | $12,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $19,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,585 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,919 |
| Insurance | $31,587 |
| All other expenses | $23,989 |
| Total functional expenses | $643,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,992 |
| 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 | $2,763 |
| Net Land, buildings, and equipment | $443,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,209 |
| Accounts payable and accrued expenses | $3,470 |
| 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 | $35,681 |
| Unsecured mortgages and notes payable | $158,673 |
| Other liabilities | $57,093 |
| Total liabilities | $254,917 |
| Net assets without donor restrictions | $0 |
| 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 | $413,292 |
| Total liabilities and net assets/fund balances | $668,209 |