Fairbrae Swim And Racquet Club
- Assets
- $581.7k
- Revenue
- $538.9k
- Investments
- $0.0
- Employees
- 36
- Location
- Sunnyvale, CA
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 94-1535303
Organization Overview
Fairbrae Swim And Racquet Club is located in Sunnyvale, CA. The organization was established in 1985. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Fairbrae Swim And Racquet Club employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbrae Swim And Racquet Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Fairbrae Swim And Racquet Club generated $538.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $493.0k during the year ending 12/2021. 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
TO PROVIDE A SAFE ENVIRONMENT FOR LOCAL FAMILIES TO EXERCISE AND SOCIALIZE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM AND RACQUET CLUB: PROVIDED 300 MEMBER FAMILIES WITH SAFE AND CONTROLLED ACCESS TO SWIMMING AND TENNIS FACILITIES THROUGHOUT THE PANDEMIC.
PROVIDED MEMBER FAMILIES WITH ACCESS TO SEVERAL SOCIAL AND COMMUNITY SERVICE EVENTS THROUGHOUT THE YEAR. ATTENDANCE RANGED FROM 40 PARTICIPANTS (EARTH DAY CLEAN-UP) TO OVER 250 (SPRING-A-BOARD START OF THE SEASON SOCIAL).
SWIM TEAM: ORGANIZED SWIM TEAM PRACTICES AND SMALL SCALE SOCIAL EVENTS FOR 80 MEMBER FAMILIES AND 60 NON-MEMBER FAMILIES. THE SWIM TEAM WAS HELD OVER A 12 WEEK PERIOD AND GAVE A SOCIAL AND PHYSICAL OUTLET FOR CHILDREN COOPED UP OVER THE COURSE OF THE PANDEMIC. THE CLUB ALSO HOSTED 3 SWIM MEETS FOR OTHER LOCAL CLUBS TO COME AND COMPETE IN.
SWIM LESSONS: FAIRBRAE HOSTED PUBLIC LESSONS THIS SUMMER, FOR THE FIRST TIME SINCE 2019. THE GROUP SWIM LESSONS PROGRAM SERVED 118 LOCAL FAMILIES ACROSS 8 WEEKS IN SUMMER, PRIMARILY FOCUSING ON WATER SAFETY SKILLS. EXERCISE LESSONS: FAIRBRAE PROVIDED WEEKLY YOGA AND JAZZERCISE CLASSES TO THE PUBLIC YEAR ROUND. THESE LESSONS SERVED DOZENS OF MEMBERS OF THE COMMUNITY.
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 |
|---|---|---|---|
David Cohen Vice Preside | OfficerTrustee | 6 | $0 |
Robyn Stephenson Secretary | OfficerTrustee | 6 | $0 |
Franz Mortensen President | OfficerTrustee | 8 | $0 |
Katherine Li Treasurer | OfficerTrustee | 6 | $0 |
Shirly Frantz Member At La | Trustee | 3 | $0 |
Jason Laneve Member At La | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,500 |
| 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 | $37,500 |
| Total Program Service Revenue | $486,504 |
| Investment income | $2,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,800 |
| 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 | $538,864 |
| 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 | $187,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $611 |
| Office expenses | $6,952 |
| 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 | $25,599 |
| Insurance | $31,397 |
| All other expenses | $21,571 |
| Total functional expenses | $492,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $310,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,002 |
| 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 | $250,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,652 |
| Accounts payable and accrued expenses | $2,409 |
| 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 | $14,427 |
| Total liabilities | $16,836 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $124,775 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $440,041 |
| Total liabilities and net assets/fund balances | $581,652 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |