Round Top Swim & Tennis Club Inc
- Assets
- $160.1k
- Revenue
- $368.9k
- Investments
- $0.0
- Employees
- 28
- Location
- Warren, NJ
- Founding
- 01/1967
- Data as of
- 09/2022
- EIN
- 22-6079677
Organization Overview
Round Top Swim & Tennis Club Inc is located in Warren, NJ. The organization was established in 1967. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Round Top Swim & Tennis Club Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Round Top Swim & Tennis 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 09/2022, Round Top Swim & Tennis Club Inc generated $368.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $189.9k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH AND GENERAL WELFARE OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUMMER SWIMMING AND TENNIS FACILITIES TO APPROXIMATLEY 170 MEMBERS AND THEIR FAMILIES
TO PROVIDE SUMMER SWIMMING AND TENNIS FACILITIES TO APPOROXIMATELY 170 MEMBERS AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Young President | Trustee | 2.65 | $0 |
Larry Minervini Vice President | Trustee | 2.65 | $0 |
Jackie Tao Treasurer | Trustee | 2.65 | $0 |
Lisa Standridge Secretary | Trustee | 2.65 | $0 |
John William Grounds | Trustee | 2.65 | $0 |
Dave Miller Grounds | Trustee | 0.58 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,622 |
| Total Program Service Revenue | $165,083 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $158,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,883 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,761 |
| 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 | $301 |
| Office expenses | $925 |
| 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 | $5,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,899 |
| Insurance | $20,132 |
| All other expenses | $17,266 |
| Total functional expenses | $189,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,434 |
| Savings and temporary cash investments | $358 |
| 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 |
| Net Land, buildings, and equipment | $143,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,061 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,527 |
| Other liabilities | $0 |
| Total liabilities | $16,527 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $377,917 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$234,383 |
| Total liabilities and net assets/fund balances | $160,061 |