Lakers Sports Club Inc
- Assets
- $113.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain Lakes, NJ
- Founding
- 12/2004
- Data as of
- 06/2022
- EIN
- 56-2289345
Organization Overview
Lakers Sports Club Inc is located in Mountain Lakes, NJ. The organization was established in 2004. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, 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. Lakers Sports Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lakers Sports Club Inc generated $57.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $53.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Murphy Treasurer | 3 | $0 | |
Nicole Conforti Board Member | 1 | $0 | |
Wendy Kotsen Board Member | 3 | $0 | |
Erik Schraufnagl Board Member | 6 | $0 | |
Richard Mancuso Board Member | 2 | $0 | |
Dave Shertzer President | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,381 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,513 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,222 |
| Other Revenue | $0 |
| Total Revenue | $57,123 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,980 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,145 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $9 |
| Other expenses | $24,369 |
| Total expenses | $53,799 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,533 |
| Other assets | $0 |
| Total assets | $113,533 |
| Total liabilities | $0 |
| Net assets or fund balances | $113,533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Squash Racquets Association Inc New York, NY | $39,381,714 | $9,670,106 |
Usta Eastern Inc White Plains, NY | $5,765,024 | $4,131,199 |
Legacy Youth Tennis And Education Philadelphia, PA | $10,141,229 | $3,452,164 |
Millbrook Golf And Tennis Club Inc Millbrook, NY | $5,327,958 | $3,562,808 |
United States Tennis Association- Middle States Section Valley Forge, PA | $4,600,788 | $3,210,777 |
Tennis Club Of Rochester Inc Pittsford, NY | $3,132,804 | $2,778,170 |
City Squash Inc Bronx, NY | $6,666,385 | $3,002,008 |
Port Washington Tennis Academy Inc Port Washington, NY | $5,263,201 | $1,557,377 |
Princeton Tennis Program Princeton, NJ | $2,911,658 | $1,612,269 |
Pretty Brook Tennis Club Inc Princeton, NJ | $3,785,703 | $1,330,219 |
Seabright Lawn Tennis & Cricket Club Rumson, NJ | $4,667,786 | $1,631,708 |
Poughkeepsie Tennis Club Poughkeepsie, NY | $543,906 | $1,179,973 |