Chelmsford Swimming & Tennis Club Inc
- Assets
- $414.1k
- Revenue
- $392.1k
- Investments
- $0.0
- Employees
- 55
- Location
- Chelmsford, MA
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 04-2394051
Organization Overview
Chelmsford Swimming & Tennis Club Inc is located in Chelmsford, MA. The organization was established in 1967. 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 12/2022, Chelmsford Swimming & Tennis Club Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelmsford Swimming & 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 12/2022, Chelmsford Swimming & Tennis Club Inc generated $392.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $374.3k during the year ending 12/2022. While expenses have increased by 4.6% 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
PROVIDES A PRIVATE CLUB THAT OFFERS A POOL AND TENNIS FACILITY, LESSONS, AND SOCIAL ACTIVITIES FROM MEMORIAL DAY THROUGH LABOR DAY FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS BEEN SERVING THE CHELMSFORD, MA COMMUNITY SINCE 1965 AS A MEMBER OWNED AND OPERATED ORGANIZATION ENCOURAGING ATHLETIC AND RECREATIONAL ACTIVITIES OF ALL KINDS. IT OFFERS COMPETITIVE SWIM AND TENNIS TEAMS THAT THE CHILDREN CAN JOIN FOR A SMALL TEAM MEMBERSHIP FEE. THE CLUB ALSO ENCOURAGES CHILDREN TO PARTICIPATE IN THE FREE SWIM AND TENNIS LESSONS ITS PROFESSIONAL STAFF PROVIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Dunlea President | OfficerTrustee | 2 | $0 |
Ben Mason Vice Preside | OfficerTrustee | 2 | $0 |
Stacey Karacek Treasurer | OfficerTrustee | 2 | $0 |
Kristi Grout Correspond S | OfficerTrustee | 2 | $0 |
Kellie Sullivan Recording Se | OfficerTrustee | 2 | $0 |
Keith Magnant Director | Trustee | 2 | $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 | $388,102 |
| Investment income | $69 |
| 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 | $3,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,109 |
| 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 | $159,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,104 |
| Advertising and promotion | $0 |
| Office expenses | $12,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,814 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,027 |
| Insurance | $5,218 |
| All other expenses | $758 |
| Total functional expenses | $374,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,706 |
| Savings and temporary cash investments | $5,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,505 |
| 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 | $16,299 |
| Net Land, buildings, and equipment | $282,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,799 |
| Other assets | $0 |
| Total assets | $414,122 |
| Accounts payable and accrued expenses | $2,064 |
| 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 | $234,390 |
| Unsecured mortgages and notes payable | $19,948 |
| Other liabilities | $0 |
| Total liabilities | $256,402 |
| Net assets without donor restrictions | $157,720 |
| 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 | $414,122 |