Elkins Lake Recreation Corporation
- Assets
- $9.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 108
- Location
- Huntsville, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, Elkins Lake Recreation Corporation employed 108 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 12/2021, Elkins Lake Recreation Corporation generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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
2021
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 3,407.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rustin Denner Secretary/general Manager | Officer | 40 | $87,183 |
Joey Branham Secretary/general Manager | Officer | 40 | $51,848 |
Roger Garris Director | OfficerTrustee | 4 | $0 |
Curtis Eddington Vice-President | OfficerTrustee | 4 | $0 |
Dwain Capodice President | OfficerTrustee | 4 | $0 |
Mary Wessels Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
May Recreation Equipment & Design New Playground Equipment | 12/30/21 | $186,694 |
Bullock Construction Llc Dredging | 12/30/21 | $307,543 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,812,625 |
| 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 | $3,812,625 |
| Total Program Service Revenue | $911,700 |
| Investment income | $3,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$338,484 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,419,021 |
| 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. | $139,031 |
| Compensation of current officers, directors, key employees. | $139,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,059,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,428 |
| Fees for services: Accounting | $26,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,011 |
| Advertising and promotion | $16,017 |
| Office expenses | $155,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $302,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,252 |
| Insurance | $221,383 |
| All other expenses | $44,587 |
| Total functional expenses | $4,315,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,504 |
| Savings and temporary cash investments | $787,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,563,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $102,010 |
| Prepaid expenses and deferred charges | $2,732 |
| Net Land, buildings, and equipment | $6,472,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $371,717 |
| Other assets | $0 |
| Total assets | $9,584,590 |
| Accounts payable and accrued expenses | $334,777 |
| Grants payable | $0 |
| Deferred revenue | $369,272 |
| 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 | $199,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $342,091 |
| Total liabilities | $1,245,178 |
| Net assets without donor restrictions | $8,339,412 |
| 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 | $9,584,590 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elkins Lake Recreation Corporation has recieved totaling $9,032.
| Awarding Organization | Amount |
|---|---|
Texas Mutual Insurance Company Austin, TX PURPOSE: Hurricane Harvey relief | $9,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |