Glen Ridge Swim Club
- Assets
- $107.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 10/1971
- Data as of
- 12/2023
- EIN
- 22-1772232
Organization Overview
Glen Ridge Swim Club is located in Bridgewater, NJ. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Ridge Swim 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, Glen Ridge Swim Club generated $68.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $83.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Visconti President | 3 | $0 | |
Bruce Cook Treasurer | 3 | $0 | |
Maria Natale Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $65,927 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,391 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,367 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $31,465 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,321 |
| Total expenses | $83,653 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,429 |
| Other assets | $0 |
| Total assets | $107,446 |
| Total liabilities | $204,500 |
| Net assets or fund balances | -$97,054 |