Summit Lounge Corporation
- Assets
- $19.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Whitinsville, MA
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 82-1462251
Organization Overview
Summit Lounge Corporation is located in Whitinsville, MA. The organization was established in 2019. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Lounge Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Summit Lounge Corporation generated $84.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $91.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS FOR THE CREATION AND MAINTENACE OF A PRIVATESOCIAL CLUB FOR THE INTELLECTUAL ENRICHMENT OF ITS MEMBERS. THE COPRORATION IS FURTHER AUTHORIZED TO CONDUCT ALL ACTIVITIES PERMITTED BY MGL C 180
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Moon Director | 2 | $0 | |
Jacob Moon Director | 2 | $0 | |
Mark Moon President | 2 | $0 | |
Lisa Moon Treasurer | 2 | $0 | |
Kyle Moon Clerk | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $84,807 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,807 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,177 |
| Professional fees and other payments to independent contractors | $1,809 |
| Occupancy, rent, utilities, and maintenance | $37,518 |
| Printing, publications, postage, and shipping | $389 |
| Other expenses | $32,190 |
| Total expenses | $91,083 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,010 |
| Other assets | $0 |
| Total assets | $19,510 |
| Total liabilities | $156,240 |
| Net assets or fund balances | -$136,730 |