Lake Tranquility Community Club Inc is located in Tranquility, NJ. The organization was established in 1966. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tranquility Community 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 12/2021, Lake Tranquility Community Club Inc generated $144.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $109.9k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED PLEASURE, ENTERTAINMENT, SOCIALBILITY, GOOD FELLOWSHIP, INTELLECTUAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS. MAINTAINED ALL CLUB PROPERTY AND PAID ALL NECESSARY TAXES AND UPKEEP CHARGES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine Cohen Secretary | 0 | $0 | |
Suzanne Sobel Treasurer | 0 | $0 | |
Matthew Cohen President | 0 | $0 | |
Chris Lopanik Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $101,454 |
Total Program Service Revenue | $43,485 |
Membership dues | $0 |
Investment income | $3 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $144,942 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $19,945 |
Professional fees and other payments to independent contractors | $450 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $226 |
Other expenses | $89,297 |
Total expenses | $109,918 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $57,565 |
Other assets | $0 |
Total assets | $60,482 |
Total liabilities | $307 |
Net assets or fund balances | $60,175 |
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