Colonies Swim & Tennis Club
- Assets
- $355.5k
- Revenue
- $304.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Richmond, VA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 54-1464098
Organization Overview
Colonies Swim & Tennis Club is located in Richmond, VA. The organization was established in 1990. 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 12/2021, Colonies Swim & Tennis Club employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonies 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, Colonies Swim & Tennis Club generated $304.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $238.2k during the year ending 12/2021. While expenses have increased by 0.8% 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
OPERATION OF POOL, TENNIS, AND CLUBHOUSE FOR BENEFIT OF MEMBER FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF POOL, TENNIS, AND CLUBHOUSE FOR BENEFIT OF MEMBER FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Bernier President | OfficerTrustee | $0 | |
Rebecca Kutz Socials | OfficerTrustee | $0 | |
Emily Mckinney Swim | OfficerTrustee | $0 | |
Karen Welch Building & G | OfficerTrustee | $0 | |
Elizabeth Costello Treasurer | OfficerTrustee | $0 | |
Christine Kinney Clubhouse Re | OfficerTrustee | $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 | $293,466 |
| Investment income | $67 |
| 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 | $304,573 |
| 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 | $17,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,485 |
| Fees for services: Management | $15,120 |
| Fees for services: Legal | $378 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,686 |
| Advertising and promotion | $200 |
| Office expenses | $34 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,579 |
| 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 | $11,715 |
| Insurance | $21,446 |
| All other expenses | $9,375 |
| Total functional expenses | $238,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,912 |
| 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 | $224,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,458 |
| Accounts payable and accrued expenses | $1,607 |
| 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 | $0 |
| Total liabilities | $1,607 |
| Net assets without donor restrictions | $353,851 |
| 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 | $355,458 |
Peer Organizations
| 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 |