Old Farm Swim & Paddle Tennis Club Inc
- Assets
- $710.1k
- Revenue
- $415.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 09/1964
- Data as of
- 11/2021
- EIN
- 52-0802035
Organization Overview
Old Farm Swim & Paddle Tennis Club Inc is located in Rockville, MD. The organization was established in 1964. 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. Old Farm Swim & Paddle Tennis 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 11/2021, Old Farm Swim & Paddle Tennis Club Inc generated $415.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $272.7k during the year ending 11/2021. While expenses have increased by 6.8% per year over the past 6 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
THE POOL ACTIVITIES PROVIDE CLUB MEMBERS WITH SWIMMING FACILITES AND COMPETITIVE SWIMMING, DIVING AND PADDLE TENNIS EVENTS WITHIN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES INCLUDE VARIOUS MEMEBERSHIP CATEGORIES:-CONTINUING CLUB MEMBERSHIP-TEMPORARY CLUB MEMBERSHIP-PADDLE ONLY MEMBERSHIP
ORGANIZATION OF SWIMMING, DIVING AND PADDLE TENNIS TEAMS AND COMPETITIONS
PROVIDING FUN AND ORGANIZED SPECIAL EVENTS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Humphreys President | OfficerTrustee | 2 | $0 |
Chris Sango Vice President | OfficerTrustee | 2 | $0 |
Robert Follit Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Riel Secretary | OfficerTrustee | 2 | $0 |
Mark Friedman Director | Trustee | 1 | $0 |
Ron Goldstein Director | Trustee | 1 | $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 | $394,178 |
| Investment income | $14 |
| 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 | $415,912 |
| 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 | $115,773 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,701 |
| Office expenses | $3,258 |
| 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 | $3,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,662 |
| Insurance | $12,210 |
| All other expenses | $542 |
| Total functional expenses | $272,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,416 |
| Savings and temporary cash investments | $138,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,463 |
| 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 | $4,288 |
| Net Land, buildings, and equipment | $341,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,211 |
| Other assets | $6,000 |
| Total assets | $710,056 |
| 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 | $69,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,450 |
| Total liabilities | $71,730 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $34,175 |
| Paid-in or capital surplus, or land, building, or equipment fund | $35,500 |
| Retained earnings, endowment, accumulated income, or other funds | $568,651 |
| Total liabilities and net assets/fund balances | $710,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Tennis Champions Center Inc College Park, MD | $5,286,334 | $7,001,782 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
Legacy Youth Tennis And Education Philadelphia, PA | $10,141,229 | $3,452,164 |
United States Tennis Association- Middle States Section Valley Forge, PA | $4,600,788 | $3,210,777 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Great Falls Swim And Tennis Club Inc Great Falls, VA | $1,432,573 | $847,197 |
Bolton Swim & Tennis Ltd Baltimore, MD | $466,369 | $361,738 |
Crofton Swim & Tennis Club Inc Crofton, MD | $1,482,888 | $482,318 |
Whitehall Pool & Tennis Club Inc Bowie, MD | $238,681 | $318,428 |
Mclean Swimming & Tennis Association Mclean, VA | $686,593 | $561,606 |
Rodney Street Tennis Association Wilmington, DE | $590,155 | $664,423 |
York-Adams Community Tennis Association Hanover, PA | $991,344 | $310,731 |