Parkcrest Swim & Tennis Club Inc
- Assets
- $321.9k
- Revenue
- $306.9k
- Investments
- $0.0
- Employees
- 37
- Location
- Madison, WI
- Founding
- 12/1967
- Data as of
- 09/2022
- EIN
- 39-1085273
Organization Overview
Parkcrest Swim & Tennis Club Inc is located in Madison, WI. 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, Parkcrest Swim & Tennis Club Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkcrest 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, Parkcrest Swim & Tennis Club Inc generated $306.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $238.2k during the year ending 09/2022. While expenses have increased by 2.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SOCIAL CLUB ORGANIZED TO PROVIDE SWIMMING AND TENNIS FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM AND DIVE TEAM TRAINING EXPENSES INCLUDE APPLICABLE PAYROLL
SWIM LESSONS EXPENSES INCLUDE APPLICABLE PAYROLL
TENNIS LESSONS EXPENSES INCLUDE APPLICABLE PAYROLL
ALL OTHER ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Brown President | OfficerTrustee | 2 | $0 |
Ryan Richards Secretary | OfficerTrustee | 2 | $0 |
Krista Laubmeier Vice Preside | OfficerTrustee | 2 | $0 |
Jacob Dykstra Treasurer | OfficerTrustee | 2 | $0 |
Bill Butrymowicz Director | Trustee | 1 | $0 |
Teresa Schutz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $194,448 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,448 |
| Total Program Service Revenue | $86,027 |
| Investment income | $157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,845 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,091 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,856 |
| 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 | $100,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $163 |
| Information technology | $994 |
| 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 | $11,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,558 |
| Insurance | $8,843 |
| All other expenses | $10,908 |
| Total functional expenses | $238,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,621 |
| Savings and temporary cash investments | $159,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475 |
| 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 | $138,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,908 |
| 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 | $257,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $257,575 |
| Net assets without donor restrictions | $64,333 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $321,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xs Tennis And Education Foundation Chicago, IL | $22,017,905 | $4,505,523 |
Innercity Tennis Foundation Minneapolis, MN | $4,397,318 | $3,125,271 |
Metro Squash Nfp Chicago, IL | $13,154,185 | $4,902,892 |
River Forest Tennis Club River Forest, IL | $2,416,575 | $1,463,446 |
Tennaqua Deerfield, IL | $1,804,335 | $1,223,012 |
Detroit Tennis And Squash Club Farmington Hills, MI | $1,577,817 | $811,233 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
Tennis Industry Association Chicago, IL | $170,386 | $691,025 |
United States Tennis Association Inc Chicago, IL | $443,514 | $543,380 |
United States Tennis Association Inc Livonia, MI | $296,359 | $513,053 |
St Paul Tennis Club Saint Paul, MN | $1,755,956 | $459,021 |
United States Tennis Association Inc Fond Du Lac, WI | $260,045 | $452,587 |