Rainbo Club Inc

Organization Overview

Rainbo Club Inc is located in Athens, TX. The organization was established in 1962. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2024, Rainbo Club Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbo Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 08/2024, Rainbo Club Inc generated $464.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $486.1k during the year ending 08/2024. While expenses have increased by 1.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

SOCIAL AND RECREATIONAL CLUB

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMPROVEMENTS WERE MADE TO THE LAKES FOR RECREATIONAL USE AND TO IMPROVE THE QUALITY OF FISHING.


ALL EXPENSES FOR 4A, 4B AND 4C


THE PROPERTY WAS MAINTAINED AND IMPROVED TO ENHANCE IT FOR THE WILDLIFE AND PROMOTE CONTROLLED HUNTING.


EFFORTS WERE MADE TO CONSERVE THE NATURAL RESOURCES OF THE LAND AND TO MAINTAIN THE VISUAL ASPECTS OF THE LAND.


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Board, Officers & Key Employees

Name (title)Compensation
James Feagin
President
$0
Troy Phillips
Director
$0
Bob Holland
Director
$0
James Francis
Secretary
$0
Allen Dye
Director
$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$464,032
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $180
Net Gain/Loss on Asset Sales $599
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $464,811

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