Elberta Lake Club
- Assets
- $431.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sulphur Springs, TX
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 75-0251772
Organization Overview
Elberta Lake Club is located in Sulphur Springs, TX. The organization was established in 2010. 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. Elberta Lake Club is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Elberta Lake Club generated $49.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $41.3k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 4 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
THE ORGANIZATION MAINTAINED AND OPERATED A LAKE SOCIAL CLUB. THE ACTIVITIES INCLUDED PROPERTY AND GROUNDS MAINTENANCE. MAINTAINING FISHING POND FOR MEMBERS. SEVERAL SOCIAL ACTIVITIES FOR MEMBERS WERRE HELD IN THE YEAR. THE BIGGEST BEING THE ANNUAL 4TH OF JULY FIREWORK SHOW.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,240 |
| Investment income | $0 |
| Gain or Loss | $13,900 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,640 |
| 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 | $28,254 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,083 |
| Total expenses | $41,337 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,339 |
| Other assets | $0 |
| Total assets | $431,706 |
| Total liabilities | $14,776 |
| Net assets or fund balances | $416,930 |
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