Hamilton Lakes Pool Incorporated
- Assets
- $1.3m
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 76
- Location
- Greensboro, NC
- Founding
- 09/1965
- Data as of
- 09/2021
- EIN
- 56-0770046
Organization Overview
Hamilton Lakes Pool Incorporated is located in Greensboro, NC. The organization was established in 1965. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Hamilton Lakes Pool Incorporated employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton Lakes Pool Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Hamilton Lakes Pool Incorporated generated $761.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $567.6k during the year ending 09/2021. While expenses have increased by 3.2% per year over the past 3 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
PROVIDE SWIMMING & TENNIS INSTRUCTION AND RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POOL/SWIMMING PROGRAM - INCLUDES POOL OPERATIONS FOR MEMBERS & GUESTS DURING SEASONAL MONTHS OF MAY TO SEPTEMBER. ALSO INCLUDES POOL SOCIAL EVENTS & RECREATIONAL ACTIVITIES.
SOCIAL/MEMBER PROGRAM - INCLUDES SOCIALS FOR SPECIAL HOLIDAYS & OCCASIONS AND GENERAL SERVICES TO CLUB MEMBERS.
TENNIS PROGRAM - INCLUDES USE OF OUTDOOR COURTS FOR MEMBERS & GUESTS, TENNIS SOCIAL EVENTS & CLUB PARTICIPATION IN TENNIS TOURNAMENTS.
SWIM TEAM PROGRAM - INCLUDES SWIM TEAM INSTRUCTION & TRAINING AND CLUB PARTICIPATION IN COMMUNITY SWIM MEETS & COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Nelson Board Chairman | Trustee | 10 | $0 |
Andrew Bray Board Member | Trustee | 7 | $0 |
Mason Todd Board Member | Trustee | 2 | $0 |
Matt Pursley Board Member | Trustee | 2 | $0 |
Heather Scavone Board Member | Trustee | 2 | $0 |
Laura Mcduffee Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,956 |
| Investment income | $35 |
| 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 | $761,735 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $240,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,696 |
| Advertising and promotion | $10,575 |
| Office expenses | $59,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,819 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,728 |
| Insurance | $5,305 |
| All other expenses | $0 |
| Total functional expenses | $567,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,660 |
| Savings and temporary cash investments | $117,766 |
| 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 | $30,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,284,346 |
| Accounts payable and accrued expenses | $9 |
| Grants payable | $0 |
| Deferred revenue | $37,506 |
| 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 | $782,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $819,910 |
| Net assets without donor restrictions | $0 |
| 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 | $114,290 |
| Total liabilities and net assets/fund balances | $464,436 |