Commonwealth Swim Club Inc
- Assets
- $466.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burke, VA
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 23-7089671
Organization Overview
Commonwealth Swim Club Inc is located in Burke, VA. The organization was established in 1971. 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. Commonwealth Swim 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 12/2022, Commonwealth Swim Club Inc generated $136.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $120.1k during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3
MAINTAIN AND OPERATE A SWIM CLUB AND SWIM/DIVE TEAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francesca Fitzgerald President | 5 | $0 | |
Julie Benson Vice President | 5 | $0 | |
Thomas Sords Treasurer | 5 | $0 | |
Laura Waggoner Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,761 |
| Total Program Service Revenue | $8,235 |
| Membership dues | $98,036 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,938 |
| Other Revenue | $13,868 |
| Total Revenue | $136,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,286 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $33,262 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,548 |
| Total expenses | $120,096 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,961 |
| Other assets | $0 |
| Total assets | $466,673 |
| Total liabilities | $49,500 |
| Net assets or fund balances | $417,173 |