Shady Grove Recreation Association Inc is located in Chevy Chase, MD. The organization was established in 1974. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, 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. Shady Grove Recreation Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Shady Grove Recreation Association Inc generated $115.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $130.8k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVECOMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFITOF THE GENERAL PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Suzanne Broadfield President | 3 | $0 | |
Stacey Wendelbo Vice President | 3 | $0 | |
Robin Ritter Secretary | 3 | $0 | |
Russell Drew Member | 3 | $0 | |
Christoper Marcum Member | 3 | $0 | |
Salar Samii Member | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $115,226 |
Investment income | $19 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $115,245 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $27,075 |
Occupancy, rent, utilities, and maintenance | $85,282 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $18,465 |
Total expenses | $130,822 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $45,061 |
Other assets | $0 |
Total assets | $91,007 |
Total liabilities | $2,407 |
Net assets or fund balances | $88,600 |
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