Lcc Recreation Association Inc
- Assets
- $177.6k
- Revenue
- $168.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Kenbridge, VA
- Founding
- 02/2007
- Data as of
- 03/2024
- EIN
- 20-5640399
Organization Overview
Lcc Recreation Association Inc is located in Kenbridge, VA. The organization was established in 2007. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 03/2024, Lcc Recreation Association Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcc Recreation Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2024, Lcc Recreation Association Inc generated $168.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $200.5k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL AND EXEMPT PURPOSE OF LCC RECREATION ASSOCIATION INC IS TO PROVIDE RECREATIONAL AND SOCIA OPPORTUNITIES FOR MEMBERS AND GUESTS GOLF SWIMMINING TENNIS SOCIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HIGHEST COST PROGRAM IS THE GOLF COURSE AND GOLF ACTIVITIES THE
THE SECOND HIGHEST COST PROGRAM IS SWIMMING THERE IS A LARGE COMMERICA
THE THIRD HIGHEST COST PROGRAM IS SOCIAL EVENTS FOR MEMBERS AND GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Wilkins President | OfficerTrustee | 3 | $0 |
C H Parrish Jr Vice President | OfficerTrustee | 2 | $0 |
M Sheppard Secretary | OfficerTrustee | 2 | $0 |
Ernest Lail Treasurer | OfficerTrustee | 5 | $0 |
Jobie Eley Director | Trustee | 2 | $0 |
Bruce Seamster Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $157,207 |
| 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 | $157,207 |
| Total Program Service Revenue | $11,641 |
| Investment income | $206 |
| 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 | -$1,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,955 |
| 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. | $48,755 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,973 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,103 |
| Insurance | $0 |
| All other expenses | $67,069 |
| Total functional expenses | $200,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553 |
| Savings and temporary cash investments | $36,018 |
| 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 | $77,325 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $177,606 |
| Accounts payable and accrued expenses | $1,277 |
| 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 | $210,300 |
| Unsecured mortgages and notes payable | $9,643 |
| Other liabilities | $0 |
| Total liabilities | $221,220 |
| 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 | -$43,614 |
| Total liabilities and net assets/fund balances | $177,606 |