Madison Community Pool Corporation
- Assets
- $1.1m
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 156
- Location
- Madison, NJ
- Founding
- 11/1969
- Data as of
- 10/2020
- EIN
- 22-1847264
Organization Overview
Madison Community Pool Corporation is located in Madison, NJ. The organization was established in 1969. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 10/2020, Madison Community Pool Corporation employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Community Pool Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Madison Community Pool Corporation generated $438.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $699.9k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A NON-FOR-PROFIT SWIMMING POOL FOR THE MADISON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION AND MANAGEMENT OF A SWIMMING POOL THAT SERVICES THE MADISON COMMUNITY WITH OVER 4,000 MEMBERS.
PROVIDES A COMPETITIVE SWIM TEAM FOR MADISON.
PROVIDES SOCIAL AND FAMILY ACTIVITIES FOR THE MEMBERS AND THEIR GUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Groller Secretary | OfficerTrustee | 1 | $0 |
Ed Nunn President & Treasurer | OfficerTrustee | 1 | $0 |
Michael Bradley Vice President | OfficerTrustee | 1 | $0 |
Anna Decavalles Trustee | Trustee | 1 | $0 |
David Smith Trustee | Trustee | 1 | $0 |
Dawn Piccione Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,968 |
| 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 | $438,641 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,279 |
| Office expenses | $9,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,966 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,631 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $699,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,479 |
| Savings and temporary cash investments | $247,924 |
| 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 | $412 |
| Prepaid expenses and deferred charges | $85,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,729 |
| Accounts payable and accrued expenses | $33,058 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,900 |
| Total liabilities | $176,958 |
| 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 | $884,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison Community Pool Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Smart Family Foundation Of New York New Rochelle, NY PURPOSE: UPGRADE FILTRATION SYSTEM, NEW SPRINKLER AND SAIL STRUCTURE | $25,000 |
Endowment Analysis
| Beg. Balance | $244,019 |
| Net Contributions | $20 |
| Ending Balance | $244,039 |
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