Potomac Woods Swim Club Inc
- Assets
- $706.4k
- Revenue
- $345.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 06/1967
- Data as of
- 03/2022
- EIN
- 52-0849510
Organization Overview
Potomac Woods Swim Club Inc is located in Rockville, MD. The organization was established in 1967. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Woods 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 03/2022, Potomac Woods Swim Club Inc generated $345.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $246.0k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SWIMMING AND DIVING CLASSES TO CHILDREN BETWEEN 5 AND 16 YEARS OLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SWIMMING AND DIVING CLASSES TO CHILDREN BETWEEN 5 AND 16 YEARS OLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Anschutz Treasurer | OfficerTrustee | 2 | $4,000 |
Sean Morris President | OfficerTrustee | 4 | $0 |
Maura Lannan Secretary | OfficerTrustee | 2 | $0 |
Michael Bennet Vice President | OfficerTrustee | 2 | $0 |
Jt Burton Board Member | Trustee | 2 | $0 |
Sharon Sutton Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $266,274 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,274 |
| Total Program Service Revenue | $76,584 |
| Investment income | $294 |
| 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 | $345,148 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,721 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212 |
| Advertising and promotion | $98 |
| Office expenses | $7,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,066 |
| Insurance | $9,773 |
| All other expenses | $8,021 |
| Total functional expenses | $245,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,700 |
| Savings and temporary cash investments | $140,595 |
| 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 | $282,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,401 |
| 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 | $252,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,350 |
| Total liabilities | $388,848 |
| 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 | $317,553 |
| Total liabilities and net assets/fund balances | $706,401 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Centre For Research In Agroforestry Alexandria, VA | $56,650,550 | $47,516,870 |
American Forest Foundation Washington, DC | $171,629,003 | $11,420,300 |
Trees For The Future Inc Bethesda, MD | $3,555,331 | $8,629,484 |
Forest Trends Association Washington, DC | $10,087,472 | $17,021,181 |
American Forests Washington, DC | $11,834,340 | $11,227,734 |
Sustainable Forestry Initiative Inc Washington, DC | $11,235,030 | $11,391,781 |
Pennsylvania Parks And Forests Foundation Camp Hill, PA | $2,323,828 | $1,533,514 |
Asbury Woods Partnership Erie, PA | $4,724,497 | $753,846 |
John And Alice Forester Charitable Tr Greenville, DE | $13,462,947 | $1,037,100 |
Community Ventures Inc Vienna Woods Swim Club Vienna, VA | $972,651 | $757,572 |
Virginia Forestry Association Richmond, VA | $805,934 | $559,327 |
Northeast-Midwest State Foresters Alliance Washington, DC | $280,030 | $599,762 |