Key West Club 1 is located in Charlottesville, VA. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Key West Club 1 is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Key West Club 1 generated $129.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $102.8k during the year ending 12/2022. While expenses have increased by 3.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SWIM AND TENNIS CLUB MEMBERSHIPS - PROVIDE SOCIAL CLUB TO MEMBERS INCLUDING SWIM LESSONS AND SWIM TEAM
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Jaskot President | 5 | $0 | |
Caroline Cook Vice-President | 5 | $0 | |
Abby Bryant Secretary | 5 | $0 | |
Steven Engel Treasurer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $26,461 |
Membership dues | $103,075 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $6 |
Total Revenue | $129,542 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $46,255 |
Professional fees and other payments to independent contractors | $695 |
Occupancy, rent, utilities, and maintenance | $29,334 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $26,509 |
Total expenses | $102,793 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $57,611 |
Other assets | $0 |
Total assets | $159,198 |
Total liabilities | $20,494 |
Net assets or fund balances | $138,704 |