Phantom Lake Bath & Tennis Club Inc
- Assets
- $417.2k
- Revenue
- $280.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Bellevue, WA
- Founding
- 02/1961
- Data as of
- 12/2021
- EIN
- 91-0715875
Organization Overview
Phantom Lake Bath & Tennis Club Inc is located in Bellevue, WA. The organization was established in 1961. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Phantom Lake Bath & Tennis Club Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phantom Lake Bath & Tennis 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 12/2021, Phantom Lake Bath & Tennis Club Inc generated $280.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $267.0k during the year ending 12/2021. While expenses have increased by 8.5% 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
PHANTOM LAKE BATH & TENNIS CLUB IS A MEMBER-OWNED SWIMMING POOL AND RECREATION CLUB LOCATED IN BELLEVUE, WA. ITS FACILITIES INCLUDE A 6 LANE SWIMMING POOL, TENNIS COURTS, BASKETBALL COURT, RECREATION FIELD, CLUBHOUSE AND BBQ PATIO. IT'S TENNIS AND BASKETBALL COURTS ARE AVAILABLE YEAR ROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHANTOM LAKE BATH & TENNIS CLUB IS A MEMBER-OWNED SWIMMING POOL AND RECREATION CLUB LOCATED IN BELLEVUE, WA. ITS FACILITIES INCLUDE A 6 LANE SWIMMING POOL, TENNIS COURTS, BASKETBALL COURT, RECREATION FIELD, CLUBHOUSE AND BBQ PATIO. IT'S TENNIS AND BASKETBALL COURTS ARE AVAILABLE YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ged Vanderkolk Co-Treasurer | OfficerTrustee | 2 | $0 |
Lara Peterson Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Kronoff Co-Treasurer | OfficerTrustee | 2 | $0 |
Bill Bowdish Board Member | Trustee | 2 | $0 |
Michael Molnar Board Member | Trustee | 2 | $0 |
John Mejlaender Vice Preside | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,344 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,365 |
| 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 | $154,709 |
| Total Program Service Revenue | $125,230 |
| Investment income | $11 |
| 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 | $279,950 |
| 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 | $128,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,178 |
| Fees for services: Accounting | $19,413 |
| 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 | $3,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,867 |
| All other expenses | $1,297 |
| Total functional expenses | $267,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,958 |
| Savings and temporary cash investments | $110,648 |
| 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 | $266,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $417,181 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,955 |
| Total liabilities | $19,955 |
| 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 | $397,226 |
| Total liabilities and net assets/fund balances | $417,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta-Pacific Northwest Section Beaverton, OR | $10,364,483 | $7,064,482 |
Tennis Outreach Programs Of Puget Sound Kirkland, WA | $1,209,757 | $2,093,408 |
Tacoma Lawn Tennis Club Tacoma, WA | $3,564,662 | $1,920,276 |
Boeing Employees Tennis Club Kent, WA | $5,472,900 | $1,706,359 |
Newport Hills Swim And Tennis Club Bellevue, WA | $1,352,786 | $1,304,952 |
Yakima Tennis Club Yakima, WA | $2,110,671 | $822,079 |
Portland Tennis And Education Portland, OR | $512,432 | $966,509 |
Hillsboro Swim Team Hillsboro, OR | $322,142 | $532,853 |
Klahaya Swim And Tennis Club Edmonds, WA | $564,136 | $424,558 |
Idaho Tennis Association Boise, ID | $691,193 | $462,202 |
Phantom Lake Bath & Tennis Club Inc Bellevue, WA | $417,181 | $279,950 |
Excel Swim Association Seattle, WA | $136,923 | $300,672 |