Bay Springs Recreation Association Inc
- Assets
- $399.7k
- Revenue
- $242.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Bay Springs, MS
- Founding
- 09/1991
- Data as of
- 10/2019
- EIN
- 64-0440154
Organization Overview
Bay Springs Recreation Association Inc is located in Bay Springs, MS. The organization was established in 1991. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 10/2019, Bay Springs Recreation Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Springs Recreation 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 10/2019, Bay Springs Recreation Association Inc generated $242.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $231.5k during the year ending 10/2019. While expenses have increased by 5.5% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION PROVIDES RECREATIONAL FACILITIES FOR THE BENEFIT OF ITS MEMBERS. AS OF OCTOBER 31, 2017 THERE WERE APPROXIMATELY 150 MEMBERS. ADDITIONALLY, A LARGE NUMBER OF GUESTS USE THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Rogers Employee | Officer | 36 | $26,820 |
Donald Brown Vice President | Officer | 5 | $0 |
Chris Denson President | Officer | 5 | $0 |
Eddie Gilmer Treasury | Officer | 5 | $0 |
Linda Cook Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,025 |
| Statement of Expenses | |
|---|---|
| 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. | $61,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,172 |
| Fees for services: Management | $150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $776 |
| Office expenses | $4,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,189 |
| Travel | $311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,617 |
| Insurance | $13,414 |
| All other expenses | $0 |
| Total functional expenses | $231,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,387 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $399,730 |
| Accounts payable and accrued expenses | $1,458 |
| 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 | $130,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,513 |
| Net assets without donor restrictions | $268,217 |
| 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 |
| Total liabilities and net assets/fund balances | $268,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Glade Community Club Fairfield Glade, TN | $59,504,971 | $24,464,764 |
The Exceptional Foundation Homewood, AL | $6,985,867 | $2,786,578 |
Parks & Recreation Commission Of Carencro Inc Carencro, LA | $6,187,119 | $2,047,855 |
Mount Zion Economic Community Center Inc Summit, MS | $1,029,768 | $1,427,256 |
Nolensville Recreation Center Incorporated Nolensville, TN | $467,652 | $645,388 |
Milan Family Ymca Milan, TN | $1,035,631 | $686,788 |
Rolling Hills Country Club Pocahontas, AR | $554,287 | $542,987 |
Mckee Foods Corporation Employees Recreation Association Collegedale, TN | $275,107 | $333,506 |
Johnny Morgan Foundation Oxford, MS | $183,324 | $430,437 |
Eureka Springs Community Center Foundation Eureka Springs, AR | $756,451 | $192,207 |
Bay Springs Recreation Association Inc Bay Springs, MS | $399,730 | $242,025 |
Greenwood Community & Recreation Center Inc Greenwood, MS | $523,606 | $305,268 |