Twin Farms Club Inc
- Assets
- $75.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 08/1982
- Data as of
- 12/2023
- EIN
- 52-0711346
Organization Overview
Twin Farms Club Inc is located in Silver Spring, MD. The organization was established in 1982. 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. Twin Farms 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 12/2023, Twin Farms Club Inc generated $110.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $119.4k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FULL SEASON OPERATING A RECREATIONAL SWIM CLUB, INCLUDING SWIMMING AND DIVING LEAGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde Wheeler Chairman | 3 | $0 | |
Alfred Caponiti Treasurer | 5 | $0 | |
Mary Lombardo Secretary | 3 | $0 | |
Brad Mages Ins And Bylaws | 1 | $0 | |
Donna Mages Membership | 1 | $0 | |
Chris Caponiti Management | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $945 |
| Total Program Service Revenue | $0 |
| Membership dues | $83,782 |
| Investment income | $202 |
| Gain or Loss | $1,384 |
| Net Income from Gaming & Fundraising | $3,144 |
| Other Revenue | $20,633 |
| Total Revenue | $110,522 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,672 |
| Professional fees and other payments to independent contractors | $10,824 |
| Occupancy, rent, utilities, and maintenance | $23,262 |
| Printing, publications, postage, and shipping | $652 |
| Other expenses | $38,960 |
| Total expenses | $119,370 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,710 |
| Other assets | $0 |
| Total assets | $75,291 |
| Total liabilities | $139,883 |
| Net assets or fund balances | -$64,592 |