Recreation And Fitness Resources Inc
- Assets
- $363.5k
- Revenue
- $355.2k
- Investments
- $0.0
- Employees
- 39
- Location
- Bayfield, WI
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 42-1706601
Organization Overview
Recreation And Fitness Resources Inc is located in Bayfield, WI. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Recreation And Fitness Resources Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recreation And Fitness Resources Inc 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 12/2021, Recreation And Fitness Resources Inc generated $355.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $318.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FITNESS FACILITY, POOL, SWIMMING AND BOATING CLASSES OPEN TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY WILL BE SPENT ON EXPENSE COSTS ASSOCIATED WITH OPERATING THE BAYFIELD AREA RECREATION CENTER, SUCH AS THE POOL, CLASSES, SAILING AND OTHER EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Finn Vice Chair | Officer | 1 | $0 |
Sarah Leino Treasurer | Officer | 1 | $0 |
Kate Kitchell Secretary | Officer | 1 | $0 |
Jacob Kaiser Executive Director | Officer | 0 | $0 |
Michelle Shrider Chair | Officer | 1 | $0 |
Ross Smith Board Member | 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 | $79,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,625 |
| Total Program Service Revenue | $178,744 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $293 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,172 |
| 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 | $177,665 |
| Pension plan accruals and contributions | $2,817 |
| Other employee benefits | $0 |
| Payroll taxes | $20,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,957 |
| Office expenses | $2,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,988 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,918 |
| Insurance | $9,150 |
| All other expenses | $2,906 |
| Total functional expenses | $318,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,746 |
| Savings and temporary cash investments | $248,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $696 |
| 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 | $10,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $363,459 |
| Accounts payable and accrued expenses | $986 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,886 |
| Net assets without donor restrictions | $210,573 |
| Net assets with donor restrictions | $2,000 |
| 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 | $363,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Recreation And Fitness Resources Inc has recieved totaling $139.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlachen Country Club Edina, MN | $38,666,862 | $19,906,229 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |