West Meade Swimming Club
- Assets
- $1.1m
- Revenue
- $632.2k
- Investments
- $0.0
- Employees
- 28
- Location
- Nashville, TN
- Founding
- 04/1963
- Data as of
- 12/2023
- EIN
- 62-0673313
Organization Overview
West Meade Swimming Club is located in Nashville, TN. The organization was established in 1963. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, West Meade Swimming Club employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Meade Swimming Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, West Meade Swimming Club generated $632.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $740.6k during the year ending 12/2023. While expenses have increased by 18.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SWIMMING AND TENNIS PROGRAMS ARE PROVIDED FOR THE BENEFIT OF MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES - MEMBERS HAVE ACCESS TO THE POOL FACILITIES DURING SEASON AS WELL AS YEAR ROUND ACCESS TO THE TENNIS COURTS. THE ORGANIZATION ALSO OFFERS ACTIVITIES THROUGHOUT THE SUMMER SUCH AS SWIM PARTIES AND SOCIALS. AS OF 2023, THE ORGANIZATION HAD 279 FAMILY UNIT MEMBERS.
SWIM AND DIVE TEAM PROGRAMS - SWIM LESSONS ARE AVAILABLE AS WELL AS SWIM AND DIVE TEAMS FOR YOUTHS TO JOIN. SWIM LESSONS ARE OFFERED EACH YEAR FOR AGES FOUR AND UP DURING THE SUMMER SEASON. THE SWIM AND DIVE TEAMS RANGE IN AGES FROM FIVE TO EIGHTEEN AND PARTICIPATE IN LOCAL COMPETITIONS.
CONSTRUCTION OF A NEW POOL BEGAN IN SEPTEMBER 2022. AS OF DECEMBER 31, 2023, COSTS ASSOCIATED WITH THE CONSTRUCTION WERE $360,699. THESE COSTS HAVE BEEN CAPITALIZED. THE NEW POOL WAS COMPLETED IN JUNE 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hoots Board Member | Trustee | 3 | $0 |
Lee Thomas Board Member | Trustee | 3 | $0 |
Amanda Dragan President | Officer | 10 | $0 |
Heather Jenkins Secretary/treasurer | Officer | 10 | $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 | $611,300 |
| Investment income | $6,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,350 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,164 |
| 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 | $108,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,825 |
| Advertising and promotion | $0 |
| Office expenses | $37,570 |
| Information technology | $10,341 |
| Royalties | $0 |
| Occupancy | $113,223 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,766 |
| Insurance | $8,532 |
| All other expenses | $0 |
| Total functional expenses | $740,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,384 |
| Savings and temporary cash investments | $376,128 |
| 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 | $658,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $402 |
| Other assets | $0 |
| Total assets | $1,057,046 |
| 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 | $167,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,238 |
| Total liabilities | $193,522 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $863,524 |
| Total liabilities and net assets/fund balances | $1,057,046 |