Phantom Lake Bath & Tennis Club Inc
- Assets
- $567.7k
- Revenue
- $411.2k
- Investments
- $0.0
- Employees
- 31
- Location
- Bellevue, WA
- Founding
- 02/1961
- Data as of
- 12/2023
- 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 12/2023, Phantom Lake Bath & Tennis Club Inc employed 31 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 12/2023, Phantom Lake Bath & Tennis Club Inc generated $411.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $310.4k during the year ending 12/2023. While expenses have increased by 8.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
SWIM TEAM - THIS IS A RECREATIONAL COMPETITIVE SWIM TEAM FOR CHILDREN AGED 5 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL LEAGUE WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. WATER POLO TEAM - THIS IS A RECREATIONAL COMPETITIVE WATER POLO TEAM FOR CHILDREN AGES 8 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL LEAGUE WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. DIVE TEAM - THIS IS A RECREATIONAL COMPETITIVE DIVE TEAM FOR CHILDREN AGED 5 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL ORGANIZATION WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. GROUP SWIM LESSONS - THIS IS A SERVICE PROGRAM TO TEACH MEMBERS TO SWIM THE FOUR COMPETITIVE SWIM STROKES. THE PURPOSE IS TO PROVIDE A SAFE LEARNING ENVIRONMENT TO PROMOTE ENJOYMENT OF SWIMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Markus Vogel Vice Preside | OfficerTrustee | 5 | $0 |
Lyndsy Fersch Secretary | OfficerTrustee | 2 | $0 |
Claudia Myers President | Trustee | 5 | $0 |
Matt Mcgaffey Treasurer | Trustee | 5 | $0 |
Steve Fox Board Member | Trustee | 1 | $0 |
Jennifer Schultza Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $327,207 |
| 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 | $327,207 |
| Total Program Service Revenue | $83,955 |
| 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 | $411,173 |
| 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 | $120,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,813 |
| Office expenses | $5,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,715 |
| 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 | $10,673 |
| All other expenses | $14,642 |
| Total functional expenses | $310,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,672 |
| Savings and temporary cash investments | $110,670 |
| 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 | $278,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $446 |
| Total assets | $567,733 |
| 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 | $20,970 |
| Total liabilities | $20,970 |
| 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 | $546,763 |
| Total liabilities and net assets/fund balances | $567,733 |