Springboard Recreation Club Inc
- Assets
- $268.1k
- Revenue
- $211.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Springfield, VA
- Founding
- 08/1963
- Data as of
- 12/2021
- EIN
- 54-0908420
Organization Overview
Springboard Recreation Club Inc is located in Springfield, VA. The organization was established in 1963. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Springboard Recreation Club Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard Recreation 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 12/2021, Springboard Recreation Club Inc generated $211.8k in total revenue. All expenses for the organization totaled $172.9k during the year ending 12/2021. While expenses have increased by 36.5% 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
MAINTAINED RECREATIONAL FACILITIES FOR MEMBERS WHICH REQUIRED EXPENDITURES FOR: A POOL MANAGEMENT COMPANY RESPONSIBLE FOR EMPLOYING LIFEGUARDS AND POOL OPERATORS POOL EQUIPMENT MAINTENANCE, BUILDINGS AND GROUNDS MAINTENANCE AND LOAN PAYMENTS FOR PAST FACILITY UPGRADES. OFFERED A COMPETITIVE SWIM AND DIVE PROGRAM FOR MEMBER YOUTH 18 AND UNDER. SPONSORED SOCIAL ACTIVITIES FOR MEMBERS TO PROMOTE POSITIVE COMMUNITY INTERACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED RECREATIONAL FACILITIES FOR MEMBERS WHICH REQUIRED EXPENDITURES FOR: A POOL MANAGEMENT COMPANY RESPONSIBLE FOR EMPLOYING LIFEGUARDS AND POOL OPERATORS POOL EQUIPMENT MAINTENANCE, BUILDINGS AND GROUNDS MAINTENANCE AND LOAN PAYMENTS FOR PAST FACILITY UPGRADES. OFFERED A COMPETITIVE SWIM AND DIVE PROGRAM FOR MEMBER YOUTH 18 AND UNDER. SPONSORED SOCIAL ACTIVITIES FOR MEMBERS TO PROMOTE POSITIVE COMMUNITY INTERACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Buswell Treasurer | OfficerTrustee | 12 | $0 |
Tracy Dove Secretary | OfficerTrustee | 3 | $0 |
Holly Mccahill Vice President | OfficerTrustee | 1 | $0 |
Jake Middel President | OfficerTrustee | 1 | $0 |
Jeannine Salamone Secretary | OfficerTrustee | 1 | $0 |
Bill Cox Director | Trustee | 1 | $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 | $200,168 |
| Investment income | $0 |
| 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 | $11,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,755 |
| 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 | $15,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,168 |
| Advertising and promotion | $0 |
| Office expenses | $9,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,028 |
| Insurance | $9,453 |
| All other expenses | $0 |
| Total functional expenses | $172,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,588 |
| 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 | $108,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,129 |
| 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 | $97,051 |
| Unsecured mortgages and notes payable | $66,800 |
| Other liabilities | $11,177 |
| Total liabilities | $175,028 |
| Net assets without donor restrictions | $93,101 |
| 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 | $268,129 |
Peer Organizations
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|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |