Madrona Swim Club Inc
- Assets
- $129.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 93-0562088
Organization Overview
Madrona Swim Club Inc is located in Salem, OR. The organization was established in 1968. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Madrona Swim 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 12/2023, Madrona Swim Club Inc generated $88.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $95.1k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING AN OUTDOOR LICENSED POOL AND LIFEGUARDS FOR MEMBER USE MAY-SEPT, LIMITED TO 105 MEMBER FAMILIES AND THEIR GUESTS. SWIM LESSONS ARE PROVIDED TO MEMBER AND THE COMMUNITY. APPROX. 200 SWIMMER PARTAKE OVER THE COURSE OF A SUMMER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Hiser President | 0 | $0 | |
Jessica Ingebrigtsen Secretary | 0 | $0 | |
Danielle Ingebrigtsen Treasurer | 0 | $0 | |
Christine Burns Membership | 0 | $0 | |
Becca Sellers Events And Swim Lessons | 0 | $0 | |
Dave Hiser Pool And Facilities Maintenance | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,260 |
| Membership dues | $59,382 |
| Investment income | $982 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,964 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $42,249 |
| Printing, publications, postage, and shipping | $1,012 |
| Other expenses | $18,895 |
| Total expenses | $95,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,927 |
| Other assets | $0 |
| Total assets | $129,927 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,927 |