Magnolia Tennis Club Inc
- Assets
- $141.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 01/1977
- Data as of
- 02/2024
- EIN
- 23-7129645
Organization Overview
Magnolia Tennis Club Inc is located in Columbus, MS. The organization was established in 1977. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, 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. Magnolia 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 02/2024, Magnolia Tennis Club Inc generated $114.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $144.5k during the year ending 02/2024. While expenses have increased by 2.1% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE FACILITIES FOR TENNIS FOR THE COLUMBUS, MS AND SURROUNDING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Margaret Swedenburg President | 0 | $0 | |
Michael Busby Vice President | 0 | $0 | |
Michael Prince Treasurer | 0 | $0 | |
Shannon Stafford Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,964 |
| Membership dues | $93,439 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,403 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,804 |
| Professional fees and other payments to independent contractors | $975 |
| Occupancy, rent, utilities, and maintenance | $94,881 |
| Printing, publications, postage, and shipping | $3,832 |
| Other expenses | $0 |
| Total expenses | $144,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,603 |
| Other assets | $0 |
| Total assets | $141,257 |
| Total liabilities | $1,729 |
| Net assets or fund balances | $139,528 |