Sheraton Hills Swim Club Inc
- Assets
- $299.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 05/1965
- Data as of
- 12/2021
- EIN
- 56-0840421
Organization Overview
Sheraton Hills Swim Club Inc is located in High Point, NC. The organization was established in 1965. 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. Sheraton Hills 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 12/2021, Sheraton Hills Swim Club Inc generated $131.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $128.6k during the year ending 12/2021. While expenses have increased by 4.1% 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
2021
Describe the Organization's Program Activity:
Part 3
POOL AND SWIM TEAM OPERATIONS. ALL MEMBERS BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hollis Mendenhall Secretary | 2 | $0 | |
Meg Riddle Vice President | 2 | $0 | |
Elizabeth Whitlock Treasurer | 10 | $0 | |
Nick Mull President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,436 |
| Total Program Service Revenue | $21,591 |
| Membership dues | $88,205 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $486 |
| Other Revenue | $4,354 |
| Total Revenue | $131,072 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,020 |
| Professional fees and other payments to independent contractors | $6,303 |
| Occupancy, rent, utilities, and maintenance | $19,306 |
| Printing, publications, postage, and shipping | $789 |
| Other expenses | $57,157 |
| Total expenses | $128,575 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,849 |
| Other assets | $0 |
| Total assets | $299,836 |
| Total liabilities | $118,838 |
| Net assets or fund balances | $180,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |