Carderock Springs Swimming Club Inc
- Assets
- $745.7k
- Revenue
- $592.0k
- Investments
- $0.0
- Employees
- 41
- Location
- Bethesda, MD
- Founding
- 11/1966
- Data as of
- 12/2023
- EIN
- 52-0822298
Organization Overview
Carderock Springs Swimming Club Inc is located in Bethesda, MD. The organization was established in 1966. 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. As of 12/2023, Carderock Springs Swimming Club Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carderock Springs 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 12/2023, Carderock Springs Swimming Club Inc generated $592.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $585.4k during the year ending 12/2023. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE NEIGHBORHOOD PARTICIPATION IN SWIMMING AND OTHER RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER SWIM & DIVE TEAM - SWIM AND DIVE TEAM ACTIVITIES THAT PARTICIPATE IN THE FOLLOWING SUMMER LEAGUES: MONTGOMERY COUNTY SWIM LEAGUE (MCSL) FOR SWIMMING; MONTGOMERY COUNTY DIVING LEAGUE (MCDL) FOR DIVING. THE PROGRAM FOCUSES ON LEARNING THE SAFETY AND ENJOYMENT OF SWIMMING AND DIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Ardrey Board Member/membership | Trustee | 5 | $2,500 |
Deniz Cirivello Board Member | Trustee | 2.5 | $0 |
Liz Bilbao Board Member | Trustee | 2.5 | $0 |
Lipka Dash Board Member | Trustee | 2.5 | $0 |
Flavio Rasetto Board Member | Trustee | 2.5 | $0 |
Michael Mclaughlin President | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zavala Construction Contractor Work | 12/30/23 | $156,843 |
Georgetown Aquatics Pool Management | 12/30/23 | $111,900 |
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 | $564,208 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,716 |
| 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 | $591,997 |
| 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. | $2,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,900 |
| Advertising and promotion | $0 |
| Office expenses | $31,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,172 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,453 |
| Insurance | $38,073 |
| All other expenses | $0 |
| Total functional expenses | $585,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,219 |
| Savings and temporary cash investments | $202,911 |
| 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 | $540,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $745,672 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,200 |
| Total liabilities | $43,200 |
| 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 | $702,472 |
| Total liabilities and net assets/fund balances | $745,672 |