Lake Jeanette Recreation Association Inc
- Assets
- $1.2m
- Revenue
- $937.8k
- Investments
- $0.0
- Employees
- 30
- Location
- Greensboro, NC
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 56-1872856
Organization Overview
Lake Jeanette Recreation Association Inc is located in Greensboro, NC. The organization was established in 1995. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lake Jeanette Recreation Association Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Jeanette Recreation Association 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, Lake Jeanette Recreation Association Inc generated $937.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $796.3k during the year ending 12/2021. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION AND MAINTENANCE OF COMMUNITY SWIM AND TENNIS CLUB FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF COMMUNITY SWIM AND TENNIS CLUB FACILITIES.
OPERATION AND MAINTENANCE OF COMMUNITY SWIM AND TENNIS CLUB FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Smith President | Officer | $0 | |
George Harris Treasurer | Officer | $0 | |
Kim Gatling Secretary | Officer | $0 | |
Amy Summers Member At La | Officer | $0 | |
Chuck Burns Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $859,579 |
| 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 | $859,579 |
| Total Program Service Revenue | $78,255 |
| Investment income | $0 |
| 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 | $937,834 |
| 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 | $80,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,000 |
| Payroll taxes | $12,355 |
| Fees for services: Management | $61,630 |
| Fees for services: Legal | $728 |
| Fees for services: Accounting | $28,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,954 |
| Office expenses | $2,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,378 |
| Insurance | $25,493 |
| All other expenses | $97,544 |
| Total functional expenses | $796,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,107 |
| Accounts receivable, net | $89 |
| 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 | $806,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,162,599 |
| 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 | $908,896 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,187 |
| Total liabilities | $951,083 |
| 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 | $211,516 |
| Total liabilities and net assets/fund balances | $1,162,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Glade Community Club Fairfield Glade, TN | $59,504,971 | $24,464,764 |
Recreation Vehicle Industry Association Inc Reston, VA | $74,296,220 | $17,630,703 |
Agape Community Center Inc Atlanta, GA | $10,850,690 | $3,588,324 |
Emily Krzyzewski Family Life Center Inc Durham, NC | $20,182,239 | $3,389,390 |
Burkwood Recreation Association Inc Mechanicsville, VA | $4,730,258 | $2,143,788 |
Recreation Vehicle Dealers Association Of North America Fairfax, VA | $5,938,540 | $2,136,084 |
University Of North Carolina Faculty-Staff Recreation Associati Chapel Hill, NC | $5,306,904 | $2,177,390 |
Middle Tyger Community Center Lyman, SC | $2,238,073 | $1,534,310 |
Kanawha Recreation Association Henrico, VA | $2,872,529 | $951,606 |
Floyd County Recreation Association Incorporated Floyd, VA | $854,087 | $836,275 |
Lake Jeanette Recreation Association Inc Greensboro, NC | $1,162,599 | $937,834 |
Donaldson Run Recreation Association Inc Arlington, VA | $2,294,632 | $760,116 |