Mercer Island Beach Club
- Assets
- $5.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 116
- Location
- Mercer Island, WA
- Founding
- 09/1955
- Data as of
- 12/2022
- EIN
- 91-0606658
Organization Overview
Mercer Island Beach Club is located in Mercer Island, WA. The organization was established in 1955. 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 12/2022, Mercer Island Beach Club employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer Island Beach Club 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, Mercer Island Beach Club generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL/ATHLETIC CLUB PROVIDING FACILITIES AND PERSONAL SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIMMING PROGRAM LESSONS, COMPETITIONS AND RECREATIONAL SWIMMING; 464 INDIVIDUAL MEMBERS PARTICIPATING.
FITNESS PROGRAM & RETAIL SALES:520 MEMBERS
TENNIS PROGRAMS: LESSONS, TOURNAMENTS AND RECREATIONAL PLAY; APPROX 236 INDIVIDUAL MEMBERS PARTICIPATING.
SOCIAL PROGRAMS; APPROX. 436 INDIVIDUAL MEMBERS PARTICIPATING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Boissoneault General Manager | 55 | $142,000 | |
Doug Fuehne President | OfficerTrustee | 10 | $0 |
Kristi O'brien Secretary | OfficerTrustee | 7 | $0 |
Grant Fisher Treasurer | OfficerTrustee | 7 | $0 |
Scott Gilbert Vice President | OfficerTrustee | 7 | $0 |
Daniel Lewandowski Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gallagher Co Llc Repair To Decking | 12/30/21 | $161,655 |
Technogym Usa Corp New Fitness Equip. | 12/30/21 | $131,580 |
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 | $2,520,879 |
| Investment income | $6,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250,235 |
| Net Gain/Loss on Asset Sales | -$15,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,576 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,811,808 |
| 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 | $694,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,527 |
| Payroll taxes | $67,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,222 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,619 |
| Information technology | $22,577 |
| Royalties | $0 |
| Occupancy | $247,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $356,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,936 |
| Insurance | $84,736 |
| All other expenses | $0 |
| Total functional expenses | $2,401,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,492 |
| Savings and temporary cash investments | $664,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,448 |
| 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 | $3,586,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,833 |
| Total assets | $5,698,503 |
| Accounts payable and accrued expenses | $108,751 |
| Grants payable | $0 |
| Deferred revenue | $370,215 |
| 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 | $3,530,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,009,403 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $26,400 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,662,700 |
| Total liabilities and net assets/fund balances | $5,698,503 |