Klahaya Swim And Tennis Club
- Assets
- $564.1k
- Revenue
- $424.6k
- Investments
- $0.0
- Employees
- 31
- Location
- Edmonds, WA
- Founding
- 03/1960
- Data as of
- 09/2022
- EIN
- 91-0691001
Organization Overview
Klahaya Swim And Tennis Club is located in Edmonds, WA. The organization was established in 1960. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Klahaya Swim And Tennis Club employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klahaya Swim And Tennis Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Klahaya Swim And Tennis Club generated $424.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $432.7k during the year ending 09/2022. While expenses have increased by 1.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SOCIAL AND RECREATIONAL OPPORTUNITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES ITS FACILITIES DURING SUMMER AND PARTS OF SPRING AND FALL. IT FOSTERS AND ENCOURAGES 245 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Mitchell Secretary | OfficerTrustee | 2 | $0 |
Dj Wilson President | OfficerTrustee | 2 | $0 |
Erin Gallagher Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Brittle Director | Trustee | 2 | $0 |
Monika Karnikas Director | Trustee | 2 | $0 |
Willie Bell Director (until 4/22) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $402,729 |
| Investment income | $458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,393 |
| 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 | $683 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,558 |
| 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 | $137,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $892 |
| Advertising and promotion | $0 |
| Office expenses | $6,007 |
| Information technology | $3,550 |
| Royalties | $0 |
| Occupancy | $61,944 |
| Travel | $49 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,291 |
| Insurance | $3,228 |
| All other expenses | $0 |
| Total functional expenses | $432,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,207 |
| Savings and temporary cash investments | $154,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,912 |
| 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 | $298,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $564,136 |
| Accounts payable and accrued expenses | $9,940 |
| 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 | $602,409 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $612,349 |
| 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 | $234,497 |
| Retained earnings, endowment, accumulated income, or other funds | -$282,710 |
| Total liabilities and net assets/fund balances | $564,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta-Pacific Northwest Section Beaverton, OR | $10,364,483 | $7,064,482 |
Tennis Outreach Programs Of Puget Sound Kirkland, WA | $1,209,757 | $2,093,408 |
Tacoma Lawn Tennis Club Tacoma, WA | $3,564,662 | $1,920,276 |
Boeing Employees Tennis Club Kent, WA | $5,472,900 | $1,706,359 |
Newport Hills Swim And Tennis Club Bellevue, WA | $1,352,786 | $1,304,952 |
Yakima Tennis Club Yakima, WA | $2,110,671 | $822,079 |
Portland Tennis And Education Portland, OR | $512,432 | $966,509 |
Hillsboro Swim Team Hillsboro, OR | $322,142 | $532,853 |
Klahaya Swim And Tennis Club Edmonds, WA | $564,136 | $424,558 |
Idaho Tennis Association Boise, ID | $691,193 | $462,202 |
Phantom Lake Bath & Tennis Club Inc Bellevue, WA | $417,181 | $279,950 |
Excel Swim Association Seattle, WA | $136,923 | $300,672 |