Lake Tranquility Community Club Inc
- Assets
- $84.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tranquility, NJ
- Founding
- 09/1966
- Data as of
- 12/2023
- EIN
- 22-1720513
Organization Overview
Lake Tranquility Community Club Inc is located in Tranquility, NJ. The organization was established in 1966. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tranquility Community 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, Lake Tranquility Community Club Inc generated $159.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $154.6k during the year ending 12/2023. While expenses have increased by 8.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED PLEASURE, ENTERTAINMENT, SOCIALBILITY, GOOD FELLOWSHIP, INTELLECTUAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS. MAINTAINED ALL CLUB PROPERTY AND PAID ALL NECESSARY TAXES AND UPKEEP CHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cohen President | 0 | $0 | |
Karin Lloyd Vice President | 0 | $0 | |
Christine Cohen Secretary | 0 | $0 | |
Suzanne Sobel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,281 |
| Total Program Service Revenue | $45,709 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,202 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $653 |
| Other expenses | $127,284 |
| Total expenses | $154,639 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,088 |
| Other assets | $0 |
| Total assets | $83,950 |
| Total liabilities | $2,553 |
| Net assets or fund balances | $81,397 |