Westminster Riding Club Inc
- Assets
- $467.8k
- Revenue
- $303.7k
- Investments
- $0.0
- Employees
- 35
- Location
- Westminster, MD
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 52-0741718
Organization Overview
Westminster Riding Club Inc is located in Westminster, MD. The organization was established in 1940. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Westminster Riding Club Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Riding Club 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, Westminster Riding Club Inc generated $303.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $340.2k during the year ending 12/2021. While expenses have increased by 4.7% 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
RECREATIONAL/SOCIAL ACTIVITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CLUB HOUSE WITH SOCIAL ROOMS, GAME ROOMS, SWIMMING POOL, TENNIS COURTS, AND ADJOINING GROUNDS AVAILABLE FOR USE BY MEMBERS AND A LIMITED NUMBER OF THEIR GUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Denis Past Preside | OfficerTrustee | 2 | $0 |
Michelle Sabo Vice Preside | Officer | 3 | $0 |
Beth Zentz Treasurer | Officer | 3 | $0 |
Dave Carpenter President | Officer | 3 | $0 |
Heather Ruby Secretary | Officer | 2 | $0 |
Shawn Girch Governor | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,787 |
| Total Program Service Revenue | $317,610 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,811 |
| Net Gain/Loss on Asset Sales | -$2,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286 |
| Advertising and promotion | $100 |
| Office expenses | $12,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,102 |
| Insurance | $0 |
| All other expenses | $3,391 |
| Total functional expenses | $340,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,882 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $347,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,148 |
| Other assets | $6,258 |
| Total assets | $467,822 |
| Accounts payable and accrued expenses | $2,661 |
| 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 | $210,836 |
| Unsecured mortgages and notes payable | $141,404 |
| Other liabilities | $0 |
| Total liabilities | $354,901 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $112,921 |
| Total liabilities and net assets/fund balances | $467,822 |
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