Watermont Swim Club Inc
- Assets
- $258.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkridge, MD
- Founding
- 05/1967
- Data as of
- 12/2023
- EIN
- 52-0820155
Organization Overview
Watermont Swim Club Inc is located in Elkridge, MD. The organization was established in 1967. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Watermont Swim 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 12/2023, Watermont Swim Club Inc generated $198.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $225.6k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
COMPANY OPERATES A SEASONAL POOL ESTABLISHED TO SERVE MEMBERS AND PAID GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Mckenzie President | 5 | $0 | |
Beth Shaw Vice President - Ops | 5 | $0 | |
Tim Philips Vice President - Facs | 5 | $0 | |
Matt Bellard Treasurer | 5 | $0 | |
Kelly Bryant Secretary | 5 | $0 | |
Marci Altman At Large | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $188,102 |
| Investment income | $361 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,463 |
| 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 | $103,204 |
| Occupancy, rent, utilities, and maintenance | $19,155 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $103,211 |
| Total expenses | $225,570 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $174,072 |
| Other assets | $0 |
| Total assets | $258,812 |
| Total liabilities | $0 |
| Net assets or fund balances | $258,812 |