Adams Town & Country Recreation Corporation
- Assets
- $223.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Adams, MN
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 41-0908055
Organization Overview
Adams Town & Country Recreation Corporation is located in Adams, MN. The organization was established in 1965. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Adams Town & Country Recreation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Adams Town & Country Recreation Corporation generated $84.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $77.0k during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE YOUTH INSTRUCTION IN SWIMMING AND WATER EXERCISE TO ALL AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Schmitz President | 10 | $0 | |
Molly Kirtz Vice President | 10 | $0 | |
Brian Bisbee Treasurer | 10 | $0 | |
Michael Waksdahl Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,620 |
| Total Program Service Revenue | $11,845 |
| Membership dues | $0 |
| Investment income | $179 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $51,724 |
| Other Revenue | $0 |
| Total Revenue | $84,368 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,705 |
| Professional fees and other payments to independent contractors | $760 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $68 |
| Other expenses | $52,466 |
| Total expenses | $76,999 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,708 |
| Other assets | $0 |
| Total assets | $223,688 |
| Total liabilities | $0 |
| Net assets or fund balances | $223,688 |