Mission Viejo Swim And Racquet Club is located in Irvine, CA. The organization was established in 1968. 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 12/2023, Mission Viejo Swim And Racquet Club employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Viejo 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 12/2023, Mission Viejo Swim And Racquet Club generated $483.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $444.1k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 5 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
THE MISSION VIEJO SWIM AND RACQUET CLUB PROVIDES THE COMMUNITY WITH A WIDE RANGE OF AMENITIES TO BE ENJOYED BY THE MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS PROVIDE RECREATIONAL SWIMMING, SWIMMING LESSONS, TENNIS, TENNIS LESSONS, AND FITNESS ACTIVITIES TO 736 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheri Aune 1st Vice Pre | Officer | 3 | $0 |
Joe Bolich Treasurer | Officer | 3 | $0 |
Kathryn Morrison Secretary | Officer | 3 | $0 |
Jesse Rabinowitz President | Officer | 3 | $0 |
Kristin Schultz 2nd Vice Pre | Officer | 3 | $0 |
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 | $415,199 |
Investment income | $3,619 |
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 | $483,406 |
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 | $196,815 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,815 |
Fees for services: Accounting | $1,130 |
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 | $3,822 |
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 | $2,917 |
Insurance | $30,797 |
All other expenses | $94,770 |
Total functional expenses | $444,074 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100,616 |
Savings and temporary cash investments | $472,549 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,027 |
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 | $23,114 |
Net Land, buildings, and equipment | $33,798 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $960 |
Total assets | $634,064 |
Accounts payable and accrued expenses | $10,300 |
Grants payable | $0 |
Deferred revenue | $33,631 |
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 | $500 |
Total liabilities | $44,431 |
Net assets without donor restrictions | $146,464 |
Net assets with donor restrictions | $443,169 |
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 | $634,064 |