Riverside Gardens Swim & Tennis Club
- Assets
- $681.0k
- Revenue
- $271.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 54-0838338
Organization Overview
Riverside Gardens Swim & Tennis Club is located in Alexandria, VA. The organization was established in 2006. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Riverside Gardens Swim & Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Riverside Gardens Swim & Tennis Club generated $271.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $247.1k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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
TO PROVIDE SOCIAL, ATHLETIC AND RECREATIONAL ACTIVITIES TO THE RIVERSIDE GARDENS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POOL OPERATIONS:RGSTC PROVIDES A POOL AND RECREATIONAL FACILITY FOR UP TO 275 MEMBERS (FAMILIES) IN THE RIVERSIDE GARDENS AREA OF ALEXANDRIA, VIRGINA. THE FACILITIES ARE ON A 2.57 ACRE LOT AND INCLUDE 2 TENNIS COURTS, A CLUB HOUSE, A VOLLEYBALL/PLAY AREA IN ADDITION TO THE 25 METER POOL AND BABY POOL.
SWIM TEAM AND LESSONS:APPROXIMATELY 170 YOUTHS PARTICIPATE IN THE SWIM TEAM PROGRAM OFFERED AT RGSTC. PARTICIPANTS ARE NOT SELECTED. CHILDREN OF MEMBERS ARE ELIGIBLE ONCE THEY HAVE MASTERED BASIC SWIMMING SKILLS. GROUP AND PRIVATE LESSONS ARE AVAILABLE TO ALL MEMBERS BY THE LIFEGUARDS. ALTHOUGH THE LESSONS TAKE PLACE AT THE POOL, THE TIME, COST AND OTHER DETAILS OF THE LESSONS ARE SOLELY BETWEEN THE POOL MANAGEMENT COMPANY AND THE MEMBER. SWIM COACHES ALSO OFFER SIMILAR LESSONS.
TENNIS OPERATIONS:THE CLUB MAINTAINS TWO TENNIS COURTS. THE COURTS ARE FOR ALL MEMBERS. MEMBERS BETWEEN THE AGES OF 8-17 CAN JOIN THE JUNIOR TENNIS TEAM. ADULTS CAN JOIN THE MEN'S OR WOMEN'S TEAMS. TENNIS CLINICS ARE OFFERED FOR CHILDREN BETWEEN THE AGES OF 5 AND 10. PRIVATE LESSONS ARE OFFERED FOR ALL AGE GROUPS AND VARIOUS SKILL LEVELS AND ARE BETWEEN THE MEMBER AND THE COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Pennington Secretary | OfficerTrustee | 2 | $0 |
Keith Hood Vice President | OfficerTrustee | 2 | $0 |
Robert Patrick President | OfficerTrustee | 2 | $0 |
Bill Pennington Treasurer | OfficerTrustee | 2 | $0 |
Martin Scanlon Operations | Trustee | 2 | $0 |
Mike Saperstein Buildings/grounds | 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 | $264,327 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,533 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,705 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,628 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,840 |
| 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 | $32 |
| Information technology | $2,041 |
| 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 | $269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,130 |
| Insurance | $12,296 |
| All other expenses | $26,163 |
| Total functional expenses | $247,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,780 |
| 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 | $557,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,962 |
| 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 | $525 |
| Total liabilities | $525 |
| Net assets without donor restrictions | $680,437 |
| 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 | $680,962 |
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