Somerset Club Inc
- Assets
- $124.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 00/0000
- EIN
- 39-1168207
Organization Overview
Somerset Club Inc is located in Racine, WI. The organization was established in 0000. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Somerset 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 undefined, Somerset Club Inc generated $181.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $156.2k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
Describe the Organization's Program Activity:
Part 3
ALL INCOME OF $181,928. WAS COLLECTED FROM MEMBERS OF WHICH $156,210. WAS USED TO PRODUCE ACTIVITIES FOR THE PLEASURE AND RECREATION OF CLUB MEMBERS. $25,718. WAS RETAINED BY THE CLUB FOR FUTURE ACTIVITIES AND MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rc Weyers President | 5 | $0 | |
Ga Meier Vice President | 5 | $0 | |
Dm Perkins Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,708 |
| Membership dues | $113,475 |
| Investment income | $950 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,795 |
| Total Revenue | $181,928 |
| Statement of Expenses | |
|---|---|
| Total expenses | $156,210 |
| Balance Sheet | |
|---|---|
| Total assets | $124,095 |
| Total liabilities | $1,443 |
| Net assets or fund balances | $122,652 |
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