Elkins Lake Recreation Corporation
- Assets
- $9.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 109
- Location
- Huntsville, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 74-1649844
Organization Overview
Elkins Lake Recreation Corporation is located in Huntsville, TX. The organization was established in 2014. 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, Elkins Lake Recreation Corporation employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkins Lake Recreation Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Elkins Lake Recreation Corporation generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 3.3% 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
SOCIAL WELFARE ORGANIZATION WITH SOCIAL AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL WELFARE ORGANIZATION WITH SOCIAL AND RECREATIONAL ACTIVITIES. NUMBER OF PEOPLE BENEFITED-APPROXIMATELY 3,450.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Belovsky Director | Trustee | 4 | $0 |
Julia Woods Director | Trustee | 4 | $0 |
Margaret Taylor Director | Trustee | 4 | $0 |
Page Cole President | OfficerTrustee | 4 | $0 |
Robert Pate Treasurer | OfficerTrustee | 4 | $0 |
Jack Newberry Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Commercial Aquatics Inc Olympic Pool Renovations | 12/30/23 | $217,265 |
Rebel Contractors Inc Dredging, Weir Dams, Gc Beidge Repair, C | 12/30/23 | $119,893 |
Woods Tree Service Llc Tree Removal, Burn Dump Area | 12/30/23 | $118,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,215,355 |
| 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 | $4,215,355 |
| Total Program Service Revenue | $993,612 |
| Investment income | $3,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$498,265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,735,979 |
| 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. | $119,264 |
| Compensation of current officers, directors, key employees. | $119,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,212,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $97,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,163 |
| Fees for services: Accounting | $29,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,602 |
| Advertising and promotion | $23,124 |
| Office expenses | $190,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $327,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,843 |
| Insurance | $248,774 |
| All other expenses | $64,061 |
| Total functional expenses | $4,631,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,899 |
| Savings and temporary cash investments | $241,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,555,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,528 |
| Prepaid expenses and deferred charges | $2,421 |
| Net Land, buildings, and equipment | $6,867,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $210,045 |
| Other assets | $0 |
| Total assets | $9,293,262 |
| Accounts payable and accrued expenses | $373,693 |
| Grants payable | $0 |
| Deferred revenue | $431,232 |
| 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 | $102,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,273 |
| Total liabilities | $1,071,926 |
| Net assets without donor restrictions | $8,221,336 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $9,293,262 |