Sherman Athletic Club
- Assets
- $40.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman, IL
- Founding
- 04/1948
- Data as of
- 12/2022
- EIN
- 37-2857324
Organization Overview
Sherman Athletic Club is located in Sherman, IL. The organization was established in 1948. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Sherman Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Sherman Athletic Club generated $40.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $39.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE ENRIVONMENT FOR LOCAL EVENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110 |
| Total Program Service Revenue | $15,239 |
| Membership dues | $3,818 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,402 |
| 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 | $150 |
| Occupancy, rent, utilities, and maintenance | $23,290 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,769 |
| Total expenses | $39,209 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,328 |
| Other assets | $0 |
| Total assets | $40,328 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,328 |
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