Venetian Pools Community Association Inc
- Assets
- $2.0m
- Revenue
- $400.9k
- Investments
- $0.0
- Employees
- 21
- Location
- Decatur, GA
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 58-1741001
Organization Overview
Venetian Pools Community Association Inc is located in Decatur, GA. The organization was established in 1989. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Venetian Pools Community Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venetian Pools Community Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Venetian Pools Community Association Inc generated $400.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $341.4k during the year ending 12/2021. 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 RECREATIONAL FACILITIES FOR RESIDENTS IN DECATUR, GA
Describe the Organization's Program Activity:
Part 3 - Line 4a
VPCA IS A COMMUNITY ASSOCIATION THAT PROVIDES SWIMMING AND RECREATIONAL ACTIVITIES TO ITS MEMBERS. 2021 CONTINUED TO PRESENT CHALLENGES DUE TO THE PANDEMIC AND MAINTENANCE ISSUES. VPCA WAS OPEN FOR THE FULL SWIM SEASON SERVING OUR OVER 500 FAMILIES, USING OUR RESERVATION SYSTEM FOR LAP SWIMMING AND MONITORING AND FOLLOWING OTHER COVID PROTOCOLS. WE COMPLETED, IN 2021, PURCHASES AND REFITTING OF FURNITURE (CHAIRS AND TABLES). WE ENCOUNTERED A MAJOR SEWAGE LINE PROBLEM THAT WAS ADDRESSED BY A TEMPORARY FIX DURING THE SWIM SEASON AND REQUIRED MORE EXTENSIVE EXCAVATION FOR LINE REPLACEMENT, FOLLOWED BY SUBSEQUENT REPAIR TO THE CONCRETE DECK IN THE OFF SEASON, FALL 2021. WE CONTINUE TO PURSUE OUR STATEGIC PLAN PROJECTS, BUT WERE UNABLE IN 2021 TO FIND CONTRACTORS TO DO/BUILD AN EXPANDED WOODEN DECK AREA WITHIN OUR BUDGET, DUE TO SUPPLY-CHAIN RELATED COST INCREASES. PATCHING WAS ALSO DONE ON THE POOL FLOOR OVER THE WINTER, INTO 2022, WHICH LED TO REPAIRS TO THE PUMP THAT WILL BE PART OF THE 2022 REPORT. A FULL REPLASTERING OF THE POOL IS PLANNED FOR 2023 PRIOR TO OPENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Ramirez President | OfficerTrustee | 1 | $0 |
Nicole Hutcheson Vice President | OfficerTrustee | 1 | $0 |
Jimmy Lockhart Treasurer | OfficerTrustee | 1 | $0 |
Diane Cortese Secretary | Trustee | 1 | $0 |
Bryan Markowitz Board Member | Trustee | 1 | $0 |
Kirk Fjelstul Board Member | Trustee | 1 | $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 | $397,633 |
| Investment income | $398 |
| 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 | $400,930 |
| 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 | $42,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,099 |
| Fees for services: Accounting | $12,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,198 |
| All other expenses | $245,464 |
| Total functional expenses | $341,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,375 |
| Savings and temporary cash investments | $543,338 |
| 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 | $1,469,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,028,807 |
| Accounts payable and accrued expenses | $1,287 |
| 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 | $1,287 |
| Net assets without donor restrictions | $1,899,032 |
| Net assets with donor restrictions | $128,488 |
| 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 | $2,028,807 |
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