Little Falls Swimming Club Inc
- Assets
- $2.2m
- Revenue
- $621.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 08/1988
- Data as of
- 10/2023
- EIN
- 52-0673451
Organization Overview
Little Falls Swimming Club Inc is located in Bethesda, MD. The organization was established in 1988. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Little Falls Swimming 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 10/2023, Little Falls Swimming Club Inc generated $621.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $594.5k during the year ending 10/2023. While expenses have increased by 8.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A PRIVATE, NON-PROFIT, FAMILY-ORIENTED NEIGHBORHOOD COMMUNITY SWIMMING POOL IN BETHESDA, MD
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SWIMMING POOL AND SOCIAL ACTIVITIES DURING THE SUMMER SEASON. TENNIS COURTS ARE AVAILABLE FOR USE YEAR ROUND.
THE LITTLE FALLS SWIMMING CLUB, INC SPONSORS A SWIM AND DIVE TEAM FOR CHILDREN OF CLUB MEMBERS. MEMBERS OF THE SWIM AND DIVE TEAM BUILD STRONG FRIENDSHIPS AND CREATE LIFELONG MEMORIES WHILE WORKING HARD TO INSTILL A STRONG SENSE OF COMMUNITY AND BUILD SWIMMING AND DIVING SKILLS.
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 |
|---|---|---|---|
Lara Goldmark Treasurer Of The Board | OfficerTrustee | 5 | $0 |
Eric Zukerman Board Operations Committee Chair | Trustee | 5 | $0 |
Fred Atwood Board Bldg & Grounds Committee Chair | Trustee | 5 | $0 |
Matt Berzok Board Social Committee Chair | Trustee | 5 | $0 |
Steven Volkers Board Membership Committee Co-Chair | Trustee | 5 | $0 |
Maren Matal Secretary Of The Board | OfficerTrustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $608,762 |
| Investment income | $6,770 |
| 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 | $621,632 |
| 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 | $155,874 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$2,416 |
| Advertising and promotion | $0 |
| Office expenses | $3,553 |
| Information technology | $4,086 |
| Royalties | $0 |
| Occupancy | $27,255 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,163 |
| Insurance | $20,727 |
| All other expenses | $32,855 |
| Total functional expenses | $594,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,193 |
| Savings and temporary cash investments | $412,806 |
| 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 | $1,783,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,210,692 |
| Accounts payable and accrued expenses | $0 |
| 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 | $825,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $825,733 |
| 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 | $1,111,550 |
| Retained earnings, endowment, accumulated income, or other funds | $273,409 |
| Total liabilities and net assets/fund balances | $2,210,692 |