Overlee Community Association Inc
- Assets
- $5.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 113
- Location
- Arlington, VA
- Founding
- 12/1975
- Data as of
- 02/2024
- EIN
- 54-0636641
Organization Overview
Overlee Community Association Inc is located in Arlington, VA. The organization was established in 1975. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 02/2024, Overlee Community Association Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlee Community Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2024, Overlee Community Association Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.2m during the year ending 02/2024. While expenses have increased by 1.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND MANAGE RECREATIONAL AND OUTDOOR SWIMMING FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED OUTDOOR SWIMMING FACILITIES AND CLUBHOUSE FOR APPROXIMATELY 800 MEMBER FAMILIES, PROVIDED FACILITIES FOR COMPETITIVE AGE-GROUP SWIMMING AND DIVING AND DEVELOPMENTAL SWIM ACTIVITIES, AND PROVIDED SOCIAL ACTIVITIES FOR MEMBER FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Crescioli President | OfficerTrustee | 5 | $0 |
John Cocker Vice President | OfficerTrustee | 2 | $0 |
James Parks Secretary | OfficerTrustee | 2 | $0 |
Todd Murdock Treasurer | OfficerTrustee | 3 | $0 |
James P Mcnamara Past President | OfficerTrustee | 2 | $0 |
Robert Neuman Jr Director | Trustee | 2 | $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 | $1,204,038 |
| Investment income | $30,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,465 |
| 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 | $14,842 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,321,547 |
| 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 | $335,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,161 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,184 |
| Advertising and promotion | $0 |
| Office expenses | $6,589 |
| Information technology | $34,682 |
| Royalties | $0 |
| Occupancy | $79,612 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,666 |
| Insurance | $73,469 |
| All other expenses | $24,714 |
| Total functional expenses | $1,246,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,008 |
| Savings and temporary cash investments | $779,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,770 |
| 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 | $11,692 |
| Net Land, buildings, and equipment | $4,269,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,900 |
| Total assets | $5,613,844 |
| Accounts payable and accrued expenses | $14,750 |
| Grants payable | $0 |
| Deferred revenue | $357,293 |
| 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 | $1,848,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,475 |
| Total liabilities | $2,231,324 |
| Net assets without donor restrictions | $3,382,520 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,613,844 |