The Fermata Club
- Assets
- $1.2m
- Revenue
- $312.5k
- Investments
- $0.0
- Employees
- 21
- Location
- Aiken, SC
- Founding
- 06/1954
- Data as of
- 02/2024
- EIN
- 57-0335225
Organization Overview
The Fermata Club is located in Aiken, SC. The organization was established in 1954. 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 02/2024, Fermata Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fermata Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2024, Fermata Club generated $312.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $175.8k during the year ending 02/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SWIM AND TENNIS CLUB SERVING FAMILIES IN AND NEAR AIKEN SC AND PRESERVATION OF HISTORIC CLUB PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER / PUBLIC SERVICES, POOL AND SWIMMING SWIMMING FOR 150 MEMBER FAMILIES, SWIM LESSONS FOR OVER 300 CHILDREN/ADULTS. CMPETITIVE SWIM TEAM FOR MEMBER FAMILIES AND VENUE FOR LOCAL HIGH SCHOOL AND REGIONAL SWIM TEAMS.
MEMBER / PUBLIC SERVICES - EVENTS, CAMPS AND AEROBIC PRESERVATION OF AN HISTORIC BUILDING EVENTS AND ACTIVITIES FOR MEMBERS, SOICAL AND CIVIC ORGANIZATIONS.
MEMBER / PUBLIC SERVICES, TENNIS USTA SANCTIONED FACILITY AND LEAGUES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Abshire Board Member | Trustee | 5 | $0 |
Pagie Rabon Secretary | OfficerTrustee | 20 | $0 |
Karen Skiff Treasurer | OfficerTrustee | 20 | $0 |
Kip Mcalister Board Member | Trustee | 5 | $0 |
Ryan Reynolds Board Member | Trustee | 5 | $0 |
Chad Benton Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,101 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,486 |
| Total Program Service Revenue | $62,611 |
| Investment income | $3,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,646 |
| 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 | $312,549 |
| 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 | $40,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $340 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,498 |
| Insurance | $11,358 |
| All other expenses | $36,518 |
| Total functional expenses | $175,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,589 |
| 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 | $1,096,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,175 |
| Total assets | $1,246,424 |
| Accounts payable and accrued expenses | $48 |
| Grants payable | $0 |
| Deferred revenue | $30,825 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $28,313 |
| Secured mortgages and notes payable | $142,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,227 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,672 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,030,525 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,246,424 |