Chadsworth Drive Swim Club Inc
- Assets
- $1.4m
- Revenue
- $33.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- Data as of
- 12/2023
- EIN
- 88-3734164
Organization Overview
Chadsworth Drive Swim Club Inc is located in Greenville, SC. 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. Chadsworth Drive Swim Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHADSWORTH DRIVE SWIM CLUB, INC IS A NON-PROFIT MEMBERSHIP BASED SOCIAL CLUB ORGANIZED TO CONSTRUCT AND OPERATE A PRIVATE NEIGHBORHOOD POOL AND SWIM CLUB FOR THE ENJOYMENT OF ITS LOCAL MEMBERS. MEMBERSHIP IS CURRENTLY LIMITED TO 350 ACCOUNTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE TAX YEAR ENDING 12/31/2023, THE ORGANIZATION WAS ABLE TO UTILIZE ITS CAPITAL FUNDING TO BEGIN DEVELOPMENT AND CONSTRUCTION OF AN EIGHT-LANE, 25-METER POOL AND POOL HOUSE. THE ORGANIZATION ANTICIPATES COMPLETING CONSTRUCTION AND COMMENCING OPERATIONS IN THE 2ND QUARTER OF 2024.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Giorgi Board Member | Trustee | 1 | $0 |
Ashley Niles Board Member | Trustee | 1 | $0 |
Spencer Elliot Treasurer | Officer | 1 | $0 |
Jade Poe Secretary | Officer | 1 | $0 |
Chris Babcock President | Officer | 1 | $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 | $0 |
| Investment income | $33,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,199 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,872 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $924 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,610 |
| All other expenses | $2,167 |
| Total functional expenses | $104,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,694 |
| Savings and temporary cash investments | $1,125,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,833 |
| Other assets | $199,971 |
| Total assets | $1,394,414 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,479 |
| Secured mortgages and notes payable | $1,530,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,532,633 |
| Net assets without donor restrictions | $0 |
| 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 | -$138,219 |
| Total liabilities and net assets/fund balances | $1,394,414 |