Northern Hills Aquatic Club Inc
- Assets
- $306.9k
- Revenue
- $670.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mahwah, NJ
- Founding
- 12/1982
- Data as of
- 08/2023
- EIN
- 22-2345360
Organization Overview
Northern Hills Aquatic Club Inc is located in Mahwah, NJ. The organization was established in 1982. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Northern Hills Aquatic Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Northern Hills Aquatic Club Inc generated $670.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $683.5k during the year ending 08/2023. While expenses have increased by 15.1% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIMMING INSTRUCTION FOR COMPETITIVE TRAINING AND COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen Reed President | 5 | $0 | |
John Glynn Vice President | 5 | $0 | |
Dorothy Horgan Secretary | 5 | $0 | |
Jamie England Treasurer | 25 | $6,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $595 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $669,451 |
| Total Revenue | $670,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,250 |
| Other employee salaries and wages | $178,913 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,881 |
| Depreciation | $0 |
| Occupancy | $99,133 |
| Travel, conferences, and meetings | $45,867 |
| Printing and publications | $0 |
| Other expenses | $336,241 |
| Total operating and administrative expenses | $683,456 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $683,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,875 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $306,875 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |