Adams Pool Corporation
- Assets
- $411.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 01/1969
- Data as of
- 10/2023
- EIN
- 04-2426278
Organization Overview
Adams Pool Corporation is located in Lexington, MA. The organization was established in 1969. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams Pool Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Adams Pool Corporation generated $151.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $110.3k during the year ending 10/2023. While expenses have increased by 2.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OWN AND OPERATE SEASONAL SWIMMING POOL FOR NEIGHBORHOOD MEMBER FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Lupone President | 1 | $0 | |
Thomas Wynn Vice President | 1 | $0 | |
Ann Webster Treasurer | 10 | $3,000 | |
Edie Breslau Secretaryclerk | 1 | $0 | |
Anita Aiyar Personnel Director | 1 | $0 | |
Nimmi Meller Grounds Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $145,982 |
| Investment income | $5,136 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,118 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,581 |
| Professional fees and other payments to independent contractors | $7,588 |
| Occupancy, rent, utilities, and maintenance | $67,992 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,169 |
| Total expenses | $110,330 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $286,186 |
| Other assets | $0 |
| Total assets | $411,401 |
| Total liabilities | $3,510 |
| Net assets or fund balances | $407,891 |