Las Lomas Verdes Inc
- Assets
- $262.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 10/1960
- Data as of
- 12/2023
- EIN
- 95-1988578
Organization Overview
Las Lomas Verdes Inc is located in Fullerton, CA. The organization was established in 1960. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Las Lomas Verdes 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, Las Lomas Verdes Inc generated $199.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $174.0k during the year ending 12/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Program Activity:
Part 3
SWIM CLUB ACTIVITIES PAID BY MEMBERSHIP DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reid President | 0 | $0 | |
Briana Jors Vice President | 0 | $0 | |
Raymond Ochoa 2nd Vice Pres | 0 | $0 | |
Meryl Boyd Treasurer | 4 | $0 | |
Sara Lutz Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $199,839 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,883 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,582 |
| Salaries, other compensation, and employee benefits | $46,568 |
| Professional fees and other payments to independent contractors | $5,063 |
| Occupancy, rent, utilities, and maintenance | $79,875 |
| Printing, publications, postage, and shipping | $207 |
| Other expenses | $40,729 |
| Total expenses | $174,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,973 |
| Other assets | $0 |
| Total assets | $262,593 |
| Total liabilities | $3,014 |
| Net assets or fund balances | $259,579 |