Bowman Woods Swim And Racquet Club Ltd
- Assets
- $531.7k
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 29
- Location
- Cedar Rapids, IA
- Founding
- 05/1972
- Data as of
- 09/2021
- EIN
- 42-0988947
Organization Overview
Bowman Woods Swim And Racquet Club Ltd, operating under the name Bowman Woods Swim & Racquet Club, is located in Cedar Rapids, IA. The organization was established in 1972. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. As of 09/2021, Bowman Woods Swim & Racquet Club employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowman Woods Swim & Racquet Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Bowman Woods Swim & Racquet Club generated $219.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $233.5k during the year ending 09/2021. While expenses have increased by 7.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NEIGHBORHOOD CLUB PROVIDING SWIMMING, TENNIS AND RELATED SOCIAL FAMILY RECREATION AT THE FACILITIES BETWEEN MEMORIAL DAY WEEKEND AND LABOR DAY EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NEIGHBORHOOD CLUB PROVIDING SWIMMING, TENNIS AND RELATED SOCIAL FAMILY RECREATION AT THE FACILITIES BETWEEN MEMORIAL DAY WEEKEND AND LABOR DAY EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chriss Carsello President | Trustee | 0 | $0 |
Allison Borchers Secretary | Trustee | 0 | $0 |
Daniel Stander Social Chair | Trustee | 0 | $0 |
Mark Oehler Swim Team Chair | Trustee | 0 | $0 |
Brody Suddendorf Treasurer | Trustee | 0 | $0 |
Billie Platner Treasurer | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $183 |
| Office expenses | $232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,557 |
| Insurance | $8,458 |
| All other expenses | $0 |
| Total functional expenses | $233,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,818 |
| Savings and temporary cash investments | $51,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $197 |
| Other assets | $0 |
| Total assets | $531,701 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,373 |
| Other liabilities | $44,610 |
| Total liabilities | $194,983 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $336,718 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woods Fund Of Chicago Chicago, IL | $0 | $4,700,210 |
Woods Charitable Fund Inc Lincoln, NE | $27,957,609 | $2,004,643 |
Us Working Group Inc Minneapolis, MN | $993,230 | $2,613,307 |
Friends Of The Broughton Sheboygan Marsh Elkhart Lake, WI | $314,487 | $299,349 |
Dovetail Partners Inc Minneapolis, MN | $706,628 | $740,768 |
Trees For Tomorrow Inc Eagle River, WI | $1,421,283 | $444,609 |
Forest Releaf Of Missouri St Louis, MO | $1,063,207 | $854,414 |
Prairie Woods Environmental Learning Center Spicer, MN | $1,952,875 | $601,157 |
Forest Preserve Friends Foundation Mahomet, IL | $1,348,506 | $314,905 |
George A Bates Memorial Foundation Chicago, IL | $4,890,815 | $715,783 |
Bowman Woods Swim And Racquet Club Ltd Cedar Rapids, IA | $531,701 | $219,143 |
Friends Of Lapham Peak Unit Delafield, WI | $601,886 | $261,087 |