Kingspoint Club Inc
- Assets
- $331.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 06/1970
- Data as of
- 12/2023
- EIN
- 54-0849952
Organization Overview
Kingspoint Club Inc is located in Williamsburg, VA. The organization was established in 1970. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Kingspoint 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, Kingspoint Club Inc generated $153.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $148.9k during the year ending 12/2023. While expenses have increased by 2.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE RECREATIONAL FACILITIES FOR KINSPOINT SUBDIVISION AND NONRESIDENT MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lerberg Co-President | 5 | $0 | |
Kathryn Haines Co-President | 5 | $0 | |
Catherine Mountjoy Treasurer | 5 | $0 | |
Matt Blinn Secretary | 5 | $0 | |
Dave Stanhope Facilities | 2 | $0 | |
Melissa Reeves Membership | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,525 |
| Total Program Service Revenue | $13,437 |
| Membership dues | $108,456 |
| Investment income | $10,331 |
| Gain or Loss | $112 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,861 |
| 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 | $1,391 |
| Occupancy, rent, utilities, and maintenance | $9,399 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $138,117 |
| Total expenses | $148,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,953 |
| Other assets | $0 |
| Total assets | $331,026 |
| Total liabilities | $213,715 |
| Net assets or fund balances | $117,311 |