Salem Tennis & Swim Club
- Assets
- $560.7k
- Revenue
- $490.3k
- Investments
- $0.0
- Employees
- 32
- Location
- Salem, OR
- Founding
- Data as of
- 12/2015
- EIN
- 93-0507176
Organization Overview
Salem Tennis & Swim Club is located in Salem, OR. As of 12/2015, Salem Tennis & Swim Club employed 32 individuals. Salem Tennis & Swim Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TENNIS & SWIMMING OPPORTUNITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES TENNIS AND SWIM FACILITIES FOR MEMBERS TO USE, AS WELL AS INSTRUCTIONAL PROGRAMS TO ENHANCE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Eads Director | Trustee | 1 | $0 |
Ann Martin Secretary | OfficerTrustee | 1 | $0 |
Brandon Blair Treasurer | OfficerTrustee | 3 | $0 |
Kathy Davidson President | OfficerTrustee | 4 | $0 |
Jim Ilg Director | Trustee | 1 | $0 |
Ashish Puri Director | Trustee | 1 | $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 | $489,205 |
| Investment income | $11 |
| 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 | $1,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,258 |
| 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. | $46,461 |
| Compensation of current officers, directors, key employees. | $34,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,710 |
| Payroll taxes | $41,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,300 |
| Advertising and promotion | $812 |
| Office expenses | $1,723 |
| Information technology | $4,589 |
| Royalties | $0 |
| Occupancy | $100,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,545 |
| Insurance | $9,243 |
| All other expenses | $1,757 |
| Total functional expenses | $519,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $739 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $543,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,569 |
| Other assets | $1,200 |
| Total assets | $560,660 |
| 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 | $604,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $604,564 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | -$43,904 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$43,904 |