Drummond Hill Pool Inc
- Assets
- $236.4k
- Revenue
- $279.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 51-0282274
Organization Overview
Drummond Hill Pool Inc is located in Newark, DE. The organization was established in 2002. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Drummond Hill Pool Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Drummond Hill Pool Inc generated $279.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $56.6k during the year ending 12/2021. 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
DRUMMOND HILL POOL IS A COMMUNITY BASED POOL IN NEWARK DELAWARE. IT CONSISTS OF UP TO 225 MEMBER FAMILIES FROM THE SURROUNDING AREA. IT PROVIDES RECREATIONAL SWIMMING AND SWIM LESSONS FOR MEMBER FAMILIES. IN 2021 THE POOL RECEIVED A GRANT FROM THE STATE OF DELAWARE FOR $150,000 TO HELP REHABILITATE AND PRESERVE THE 200+ YEAR OLD STONE BARN ON THE PROPERTY. THE UPPER AREA OF THE STONE BARN IS USED FOR STORAGE WHILE THE LOWER LEVEL IS USED FOR BATHROOMS AND A SMALL KITCHEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRUMMOND HILL POOL IS A COMMUNITY BASED PRIVATE POOL SUPPORTED PRIMARILY BY MEMBERSHIP DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coleman Bye Treasurer | Trustee | 5 | $0 |
Brian Tobin President | Trustee | 5 | $0 |
John Evans Board Member | Trustee | 5 | $0 |
Eli Henniger Board Member | Trustee | 5 | $0 |
Krista Valla Board Member | Trustee | 5 | $0 |
Robert Shipe Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,611 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,611 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,611 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,597 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $382 |
| Office expenses | $101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $11,514 |
| All other expenses | $0 |
| Total functional expenses | $56,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,822 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $97,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $236,406 |
| Accounts payable and accrued expenses | $1,216 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,216 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $235,190 |
| Total liabilities and net assets/fund balances | $236,406 |
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