Meadows Swim Club
- Assets
- $266.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 36-2533073
Organization Overview
Meadows Swim Club is located in Lisle, IL. The organization was established in 1965. 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. Meadows Swim Club 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, Meadows Swim Club generated $162.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $148.0k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 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 Mission:
Part 3 - Line 1
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3
SWIM LESSONS
SOCIAL-ADULT, TEEN AND CHILDREN'S PARTIES (PROGRAMS ARE AVAILABLE ONLY TO MEMBERS)
SNACK BAR
SWIM LESSONS/SOCIAL CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Pecak Secretary | 5 | $0 | |
Brian Ashmore Vice Preside | 5 | $0 | |
Benjamin Candler 2nd Vice Pre | 5 | $0 | |
Greta Wenke Treasurer | 5 | $0 | |
Kimberly Martin President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,650 |
| Membership dues | $125,608 |
| Investment income | $70 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $116 |
| Total Revenue | $162,444 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,983 |
| Professional fees and other payments to independent contractors | $4,936 |
| Occupancy, rent, utilities, and maintenance | $54,192 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,909 |
| Total expenses | $148,020 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,041 |
| Other assets | $0 |
| Total assets | $266,439 |
| Total liabilities | $264 |
| Net assets or fund balances | $266,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Downers Grove Swim And Raquet Club Downers Grove, IL | $1,117,120 | $881,688 |
West Swim Club Inc Willowbrook, IL | $811,668 | $867,248 |
Southeastern Swim Club Incorporated Fishers, IN | $283,230 | $634,562 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |