Great Falls Swim And Tennis Club Inc is located in Great Falls, VA. The organization was established in 1972. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Great Falls Swim And Tennis Club Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Falls Swim And Tennis 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 09/2022, Great Falls Swim And Tennis Club Inc generated $847.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $873.7k during the year ending 09/2022. 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
PROVIDING RECREATIONAL OPPORTUNITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS PARTICIPATE IN RECREATIONAL PROGRAMS WHICH INCLUDE TENNIS, SWIMMING AND DIVING AS WELL AS OTHER SOCIAL ACTIVITIES REVOLVING AROUND THESE PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Bertin President | OfficerTrustee | 5 | $0 |
Teresa Sandstrom Vice President | OfficerTrustee | 5 | $0 |
David Whelan Treasurer | OfficerTrustee | 5 | $0 |
Carol Druzbick Secretary | OfficerTrustee | 5 | $0 |
Julie Borror Director | Trustee | 2 | $0 |
Mark Baker Director | Trustee | 2 | $0 |
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 | $827,439 |
Investment income | $18,572 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $847,197 |
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 | $192,374 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $15,497 |
Fees for services: Management | $189,499 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $38,660 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,650 |
Office expenses | $17,067 |
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 | $70,000 |
Insurance | $43,427 |
All other expenses | $67,337 |
Total functional expenses | $873,698 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $77,373 |
Savings and temporary cash investments | $679,768 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $91,205 |
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 | $7,378 |
Net Land, buildings, and equipment | $576,849 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,432,573 |
Accounts payable and accrued expenses | $18,809 |
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 | $458,364 |
Other liabilities | $0 |
Total liabilities | $477,173 |
Net assets without donor restrictions | $955,400 |
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 | $1,432,573 |
Organization Name | Assets | Revenue |
---|---|---|
Junior Tennis Champions Center Inc College Park, MD | $5,286,334 | $7,001,782 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Kentucky Tennis Association Inc Louisville, KY | $961,107 | $1,035,395 |
Manker Patten Tennis Club Inc Chattanooga, TN | $2,476,761 | $957,597 |
Great Falls Swim And Tennis Club Inc Great Falls, VA | $1,432,573 | $847,197 |
Yonahlossee Racquet Club Inc Boone, NC | $855,205 | $589,388 |