The Rec Center Ltd
- Assets
- $1.3m
- Revenue
- $494.8k
- Investments
- $0.0
- Employees
- 28
- Location
- Mount Pleasant, IA
- Founding
- 11/1991
- Data as of
- 06/2023
- EIN
- 42-1373886
Organization Overview
The Rec Center Ltd is located in Mount Pleasant, IA. The organization was established in 1991. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Rec Center Ltd employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rec Center Ltd 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 06/2023, Rec Center Ltd generated $494.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $606.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE REC CENTER TO PROMOTE QUALITY LIVING AND WELL-BEING FOR PEOPLE OF ALL AGES THROUGH FITNESS, RECREATION AND WELLNESS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A RECREATIONAL FACILITY FOR MOUNT PLEASANT AND SURROUNDING AREA. THE CITY OF MOUNT PLEASANT IS USING THE FACILITY FOR MANY OF ITS RECREATIONAL PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Smith Director | Trustee | 1 | $0 |
David George President | OfficerTrustee | 1 | $0 |
Jim Becker Director | Trustee | 1 | $0 |
John Roederer Director | Trustee | 1 | $0 |
Linda Wilkerson Director | OfficerTrustee | 1 | $0 |
Marshall Cotton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,287 |
| Total Program Service Revenue | $483,648 |
| Investment income | $3,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,810 |
| 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. | $80,026 |
| Compensation of current officers, directors, key employees. | $64,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,135 |
| Pension plan accruals and contributions | $4,355 |
| Other employee benefits | $11,183 |
| Payroll taxes | $17,910 |
| Fees for services: Management | $9,032 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,159 |
| Office expenses | $22,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,091 |
| Insurance | $15,019 |
| All other expenses | $8,602 |
| Total functional expenses | $606,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202 |
| Savings and temporary cash investments | $56,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,534 |
| Net Land, buildings, and equipment | $1,098,443 |
| Investments—publicly traded securities | $128,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,286,549 |
| Accounts payable and accrued expenses | $2,705 |
| Grants payable | $0 |
| Deferred revenue | $35,999 |
| 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 | $40,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,166 |
| Net assets without donor restrictions | $1,136,794 |
| Net assets with donor restrictions | $70,589 |
| 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 | $1,286,549 |