Springlake Club Inc
- Assets
- $367.2k
- Revenue
- $375.6k
- Investments
- $0.0
- Employees
- 45
- Location
- Lutherville Timonium, MD
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 52-0712678
Organization Overview
Springlake Club Inc is located in Lutherville Timonium, MD. The organization was established in 1974. 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, Springlake Club Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springlake 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 12/2021, Springlake Club Inc generated $375.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $332.4k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION OPERATES AS A COMMUNITY SWIM CLUB THAT PROVIDES RECREATIONAL AND SOCIAL ACTIVITIES FOR FAMILY MEMBERS AND THEIR GUESTS. THE CLUB HAS APPROXIMATELY 250 FAMILY MEMBERS0
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OPERATES AS A COMMUNITY SWIM CLUB THAT PROVIDES RECREATIONAL AND SOCIAL ACTIVITIES FOR FAMILY MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chistian Zea Vice President | Officer | 5 | $0 |
Matthew Steiner Treasurer | Officer | 7 | $0 |
Pat Obrien President | Officer | 5 | $0 |
Eric Swanson Director | Trustee | 5 | $0 |
Marie Depew Director | Trustee | 5 | $0 |
Jen Bushey Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $298,830 |
| Fundraising events | $5,228 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,695 |
| Total Program Service Revenue | $23,999 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,789 |
| 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 | $21,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,620 |
| 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 | $139,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,975 |
| Fees for services: Management | $3,179 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,281 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $332,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,883 |
| Savings and temporary cash investments | $34,598 |
| 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 | $255,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,211 |
| Accounts payable and accrued expenses | $210 |
| 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 | $131,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,466 |
| 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 | $235,745 |
| Total liabilities and net assets/fund balances | $367,211 |
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