Watermont Swim Club Inc
- Assets
- $306.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkridge, MD
- Founding
- 05/1967
- Data as of
- 12/2020
- EIN
- 52-0820155
Organization Overview
Watermont Swim Club Inc is located in Elkridge, MD. The organization was established in 1967. 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. Watermont Swim 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 12/2020, Watermont Swim Club Inc generated $197.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $177.6k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
COMPANY OPERATES A SEASONAL POOL ESTABLISHED TO SERVE MEMBERS AND PAID GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Shaw President | 5 | $0 | |
Tom Mcguire Vice President - Ops | 5 | $0 | |
Michael Wheeler Vice President - Facs | 5 | $0 | |
Geoff Pickett Treasurer | 5 | $0 | |
Alexis Mckenzie Secretary | 5 | $0 | |
Matthew Bellard At Large | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $192,852 |
| Investment income | $452 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $197,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $93,700 |
| Occupancy, rent, utilities, and maintenance | $12,190 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $71,666 |
| Total expenses | $177,556 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $221,777 |
| Other assets | $0 |
| Total assets | $306,517 |
| Total liabilities | $29,995 |
| Net assets or fund balances | $276,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |
North Baltimore Aquatic Club Inc Towson, MD | $609,098 | $1,206,837 |
The Fish Swimteam Inc Fairfax, VA | $418,358 | $867,783 |
Highlands Swim And Tennis Club Inc Mclean, VA | $2,158,004 | $1,103,225 |
Usa Swimming Inc Appomattox, VA | $921,136 | $1,203,031 |
Forest Hill Swim Club Inc Ellicott City, MD | $874,185 | $822,025 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |