Potomac Squash Club Inc
- Assets
- $417.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1972
- Data as of
- 03/2024
- EIN
- 51-0244755
Organization Overview
Potomac Squash Club Inc is located in Bethesda, MD. The organization was established in 1972. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, 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. Potomac Squash 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 03/2024, Potomac Squash Club Inc generated $112.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $98.4k during the year ending 03/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
MAINTENANCE AND OPERATION OF A SPORTS FACILITY FOR THE BENEFIT OF SOCIAL CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Bartol President | 5 | $0 | |
Keith Hartman Treasurer | 5 | $0 | |
James Cannon Secretary | 5 | $0 | |
Ziauddin Choudhury Director | 3 | $0 | |
Karl-Erik Mccullough Director | 3 | $0 | |
Priti Prabhu Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,835 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,552 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $112,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $34,187 |
| Occupancy, rent, utilities, and maintenance | $42,613 |
| Printing, publications, postage, and shipping | $248 |
| Other expenses | $21,369 |
| Total expenses | $98,417 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $201,409 |
| Other assets | $0 |
| Total assets | $416,998 |
| Total liabilities | $803 |
| Net assets or fund balances | $416,195 |