Painter Creek Lake Club Inc is located in Abingdon, VA. The organization was established in 1996. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Painter Creek Lake 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, Painter Creek Lake Club Inc generated $143.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $146.9k during the year ending 12/2021. While expenses have increased by 7.1% 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
MAINTAIN AND REPAIR COMMUNITY PIER
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Maden Vice President | 15 | $0 | |
Bob Blackburn President | 15 | $0 | |
Sylvia Roe Sec Treasurer | 15 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $143,468 |
Investment income | $33 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $143,501 |
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 | $144,181 |
Printing, publications, postage, and shipping | $614 |
Other expenses | $2,057 |
Total expenses | $146,852 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $14,092 |
Other assets | $0 |
Total assets | $58,561 |
Total liabilities | $0 |
Net assets or fund balances | $58,561 |
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