Belmont Recreational Corporation Inc
- Assets
- $248.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Hill, MD
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 52-1051254
Organization Overview
Belmont Recreational Corporation Inc is located in Forest Hill, MD. The organization was established in 1977. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Belmont Recreational Corporation 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, Belmont Recreational Corporation Inc generated $194.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $155.7k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 5 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
OPERATION AND MAINTENANCE OF RECREATIONAL FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brain Sherman Vice President | 1 | $0 | |
Bonnie Mccausey Secretary | 1 | $0 | |
Holly Coates President | 1 | $0 | |
Nicole Dunn Treasurer | 1 | $0 | |
Debbie Siegert Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $192,916 |
| Investment income | $1,517 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,433 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $155,696 |
| Total expenses | $155,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $221,085 |
| Other assets | $0 |
| Total assets | $248,835 |
| Total liabilities | $4,787 |
| Net assets or fund balances | $244,048 |