Canterbury Recreation Assoc Inc
- Assets
- $870.6k
- Revenue
- $301.1k
- Investments
- $57.0k
- Employees
- 33
- Location
- Richmond, VA
- Founding
- 04/1965
- Data as of
- 12/2022
- EIN
- 54-0698869
Organization Overview
Canterbury Recreation Assoc Inc is located in Richmond, VA. The organization was established in 1965. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Canterbury Recreation Assoc Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury Recreation Assoc Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Canterbury Recreation Assoc Inc generated $301.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $305.5k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO MAINTAIN VARIOUS FACILITIES FOR THE USE AND ENJOYMENT OF MEMBERS OF THE ASSOCIATION. MAINTENANCE OF TENNIS AND POOL FACILITIES AS WELL AS PARTICIPATION BY RELATED TEAMS ALLOW THE ASSOCIATION TO ACHIEVE ITS PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS A 425 FAMILY MEMBER COMMUNITY RECREATION ASSOCIATION WHICH PROVIDES SWIMMING AND TENNIS FACILITIES FOR ITS MEMBERS. ALL INCOME & EXPENSES ARE FOR IMPROVEMENTS, MAINTENANCE AND OPERATION OF THE FACILITY AND ITS PROGRAMS. THE POOL FACILITIES ARE OPEN FROM MAY THROUGH LABOR DAY EACH YEAR AND THE TENNIS FACILITIES ARE AVAILABLE YEAR ROUND.
THE SWIM TEAM PROGRAM ENCOURAGES PHYSICAL AND SOCIAL ACTIVITIES BY TRAINING MEMBERS' CHILDREN IN COMPETITIVE SWIMMING, SPORTSMANSHIP AND COMPETITION IN SWIM MEETS THROUGH THE GREATER RICHMOND AQUATIC LEAGUE. SIX WEEKLY LEAGUE MEETS AND A CHAMPIONSHIP MEET PROVIDE THE VENUE FOR THE MORE THAN 130 TEAM MEMBERS AND THEIR PARENTS AND FRIENDS.
THE TENNIS PROGRAM ALLOWS MEMBERS TO LEARN THE SPORT OF TENNIS AND COMPETE IN LOCAL LEAGUES. ALL MEMBERS MAY ENJOY THE USE OF THE TENNIS FACILITIES WITHOUT PARTICIPATING IN THE TENNIS PROGRAM. THE COURTS ARE AVAILABLE THROUGHOUT THE YEAR. DURING THE SUMMER, A TENNIS PROFESSIONAL GIVES LESSONS AND ORGANIZE YOUTH TENNIS PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Reynolds Director | Trustee | 2 | $0 |
Sarah Schneider Treasurer | OfficerTrustee | 3 | $0 |
Jp Eldred Director | Trustee | 2 | $0 |
Alex Coyner Director | Trustee | 2 | $0 |
Andrew Ferguson Vice President | OfficerTrustee | 2 | $0 |
Angie Hutchison 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 | $309,654 |
| Investment income | $4,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,600 |
| 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 | -$19,979 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,115 |
| 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 | $48,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,065 |
| Fees for services: Management | $120,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,444 |
| Insurance | $13,657 |
| All other expenses | $28,997 |
| Total functional expenses | $305,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,692 |
| Savings and temporary cash investments | $0 |
| 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 | $651,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $870,569 |
| Accounts payable and accrued expenses | $296 |
| 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 | $1 |
| Total liabilities | $297 |
| 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 | $870,272 |
| Total liabilities and net assets/fund balances | $870,569 |