Wallburg Recreational Center Inc
- Assets
- $146.1k
- Revenue
- $93.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Wallburg, NC
- Founding
- 12/1965
- Data as of
- 09/2022
- EIN
- 56-6068304
Organization Overview
Wallburg Recreational Center Inc is located in Wallburg, NC. The organization was established in 1965. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Wallburg Recreational Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallburg Recreational Center 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, Wallburg Recreational Center Inc generated $93.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $86.7k during the year ending 09/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND MAINTAIN SWIMMING POOL FACILITY FOR MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN SAFE SWIMMING ENVIRONMENT.
MAINTAIN SAFE SWIMMING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timmy Crooks President | Officer | $0 | |
Cindy Mendenhall Secretary | Officer | $0 | |
Tim Reid Treasurer | Officer | $0 | |
Corey Rogers Vice Preside | Officer | $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 | $85,679 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,350 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,373 |
| 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 | $38,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $779 |
| Office expenses | $120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195 |
| Interest | $951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,987 |
| Insurance | $3,006 |
| All other expenses | $0 |
| Total functional expenses | $86,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146 |
| Savings and temporary cash investments | $11,632 |
| 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 | $134,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21 |
| Other assets | $0 |
| Total assets | $146,089 |
| 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 | $38,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,124 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $33,200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $74,765 |
| Total liabilities and net assets/fund balances | $146,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Greater Richmond Aquatics Partnership Richmond, VA | $12,359,934 | $3,767,047 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Family Ymca Of Emporia Greensville Emporia, VA | $970,597 | $1,833,088 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Streethopetn Powell, TN | $3,530,882 | $1,642,282 |
Rhea County Community Center Dayton, TN | $104,880 | $427,032 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
Claudius Crozet Park Inc Crozet, VA | $1,615,523 | $314,439 |
South Carolina Recreation & Park Assn Lexington, SC | $477,206 | $427,370 |