Medfield Area Recreation Club Inc
- Assets
- $123.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 06/1971
- Data as of
- 12/2022
- EIN
- 56-0955278
Organization Overview
Medfield Area Recreation Club Inc is located in Raleigh, NC. The organization was established in 1971. 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. Medfield Area 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 12/2022, Medfield Area Recreation Club Inc generated $154.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $176.9k during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John DE Haro At-Large Board Member | 5 | $0 | |
David Johnson At-Large Board Member | 5 | $0 | |
Stephanie Turner Vice President | 5 | $0 | |
Chris Jones At-Large Board Member | 5 | $0 | |
Justin Nemmers At-Large Board Member | 5 | $0 | |
Craig Mcilargey President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,381 |
| Membership dues | $132,970 |
| Investment income | $2 |
| Gain or Loss | $1,713 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,066 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,067 |
| Professional fees and other payments to independent contractors | $52,230 |
| Occupancy, rent, utilities, and maintenance | $101,868 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,715 |
| Total expenses | $176,880 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,777 |
| Other assets | $0 |
| Total assets | $123,297 |
| Total liabilities | $0 |
| Net assets or fund balances | $123,297 |