Tam O Shanter Inc
- Assets
- $4.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 87
- Location
- Bellevue, WA
- Founding
- 01/1967
- Data as of
- 12/2022
- EIN
- 91-6068352
Organization Overview
Tam O Shanter Inc is located in Bellevue, WA. The organization was established in 1967. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Tam O Shanter Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tam O Shanter Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Tam O Shanter Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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
TAM O'SHANTER, INC. IS A HOMEOWNERS ASSOCIATION ORGANIZED TO PROVIDE FACILITIES MANAGEMENT AND RELATED SERVICES FOR THE BENEFIT OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAM O'SHANTER, INC. IS A HOMEOWNERS ASSOCIATION ORGANIZED TO PROVIDE FACILITIES MANAGEMENT AND RELATED SERVICES FOR THE BENEFIT OF OUR MEMBERS.
TAM O'SHANTER, INC. IS A HOMEOWNERS ASSOCIATION ORGANIZED TO PROVIDE FACILITIES MANAGEMENT AND RELATED SERVICES FOR THE BENEFIT OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Frets General Mana | 40 | $108,136 | |
Mike Bessenyey Director | Trustee | 0.5 | $0 |
Rebecca Campbell Director | Trustee | 0.5 | $0 |
Rick Carte Director | Trustee | 0.5 | $0 |
Marc Lauricella Director | Trustee | 0.5 | $0 |
Leroy Miller Director | Trustee | 0.5 | $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 | $2,096,119 |
| Investment income | $2,300 |
| 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 | $481,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,580,005 |
| 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 | $1,491,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,500 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $265,653 |
| Insurance | $150,671 |
| All other expenses | $15,811 |
| Total functional expenses | $2,678,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,810 |
| Savings and temporary cash investments | $941,278 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,896 |
| Prepaid expenses and deferred charges | $43,915 |
| Net Land, buildings, and equipment | $2,771,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $585 |
| Total assets | $4,348,725 |
| Accounts payable and accrued expenses | $84,483 |
| Grants payable | $0 |
| Deferred revenue | $199,794 |
| 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 | $918,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,072,672 |
| Total liabilities | $2,275,600 |
| Net assets without donor restrictions | $2,073,125 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,348,725 |