Sher Lemon Swim Club Inc Mendon Road Cumberland Hill R I
- Assets
- $566.3k
- Revenue
- $228.0k
- Investments
- $276.3k
- Employees
- 0
- Location
- Manville, RI
- Founding
- 12/1963
- Data as of
- 12/2019
- EIN
- 05-0301496
Organization Overview
Sher Lemon Swim Club Inc Mendon Road Cumberland Hill R I is located in Manville, RI. The organization was established in 1963. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Sher Lemon Swim Club Inc Mendon Road Cumberland Hill R I is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Sher Lemon Swim Club Inc Mendon Road Cumberland Hill R I generated $228.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $226.5k during the year ending 12/2019. While expenses have increased by 4.6% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL SWIMMING, SWIMMING LESSONS, SWIMMING COMPETITIONS, VOLLEYBALL, AND ASSOCIATED ACTIVITIES TO PATRONS AND THEI FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION IS TO PROVIDE RECREATIONAL ACTIVITIES FOR THE SUMMER MONTHS. ALL REVENUES RECEIVED ARE EXPENDED FOR THE BENEFIT OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Kaveny Treasurer | OfficerTrustee | 15 | $12,500 |
J Todd Morrissey President | OfficerTrustee | 6 | $3,000 |
Denis Fleurant Vice President | OfficerTrustee | 6 | $3,000 |
John Kaveny Secretary | OfficerTrustee | 3 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $8,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,968 |
| Statement of Expenses | |
|---|---|
| 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. | $22,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,085 |
| Office expenses | $4,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,331 |
| Insurance | $8,417 |
| All other expenses | $8,006 |
| Total functional expenses | $226,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,106 |
| Savings and temporary cash investments | $19,501 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $276,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,318 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $566,318 |
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