Nonprofit · EIN 52-0955920
INVERNESS RECREATION CLUB INC
Tax-exempt · BETHESDA, MD 20827
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $374,293 | $398,352 | -$24,059 | $355,818 | $406,138 | -$50,320 |
| September 30, 2024 | 990 | $475,737 | $483,702 | -$7,965 | $390,428 | $416,689 | -$26,261 |
| September 30, 2023 | 990 | $501,834 | $430,440 | $71,394 | $420,311 | $438,607 | -$18,296 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $297,328
- Membership dues
- $297,136
- Program service revenue
- $69,350
- Investment income
- $0
- Net rental income
- $7,615
- Other revenue
- $7,615
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,632
- Depreciation
- $45,885
Balance sheet and other
- Total assets, start of year
- $390,428
- Total assets, end of year
- $355,818
- Total liabilities, end of year
- $406,138
- Net assets, end of year
- -$50,320
- Land, buildings and equipment
- $297,157
- Net assets without donor restrictions
- -$50,320
- Gross unrelated business income
- $7,615
- Gross receipts
- $375,678
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1971
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY PEARSON | MEMBER Trustee or director | 1 | $0 |
| MAURA KILNER | MEMBER Trustee or director | 1 | $0 |
| MICHAEL SPECHT | Treasurer Trustee or director, Officer | 1 | $0 |
| AZIZ ARAJI | Secretary Trustee or director, Officer | 1 | $0 |
| JOSH DENNEY | President Trustee or director, Officer | 1 | $0 |
| JOHN SORRENTI | Vice President Trustee or director, Officer | 1 | $0 |
| ARUNI LIYANAGE | MEMBER Trustee or director | 1 | $0 |
| DREW PALISAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY PEARSON | MEMBER Trustee or director | 1 | $0 |
| MARK KILNER | MEMBER Trustee or director | 1 | $0 |
| MICHAEL SPECHT | Treasurer Trustee or director, Officer | 1 | $0 |
| ARIZ ARAJI | Secretary Trustee or director, Officer | 1 | $0 |
| JOSH DENNEY | President Trustee or director, Officer | 1 | $0 |
| JOHN SORRENTI | Vice President Trustee or director, Officer | 1 | $0 |
| ARUNI LIYANAGE | MEMBER Trustee or director | 1 | $0 |
| DREW PALISAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY PEARSON | President Trustee or director, Officer | 1 | $0 |
| MARK KILNER | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SPECHT | V/P & TREASURER Trustee or director, Officer | 1 | $0 |
| ARIZ ARAJI | Secretary Trustee or director, Officer | 1 | $0 |
| SAM DE SOUZA | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH DENNEY | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 34285, BETHESDA, MD 20827-0285
- Principal officer (990 for 2024)
- MICHAEL D SPECHT
- Signed the 990
- MICHAEL SPECHT, Treasurer
- Phone
- (301) 983-8813
- Return prepared by
- Strauss & Associates PA
Mission
AN ASSOCIATION OF AREA HOMEOWNERS FOR THE PURPOSE OF PROVIDING RECREATION AND SOCIAL ACTIVITIES.
Program accomplishments
- INVERNESS RECREATION CLUB, INC. WAS FORMED AS AN ASSOCIATION OF AREA HOMEOWNERS FOR THE PURPOSE OF PROVIDING RECREATION AND SOCIAL ACTIVITIES FOR MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 52-0955920
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1981
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $355,818
- Income (IRS master file)
- $375,678
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $374,293 | $398,352 | $355,818 | XML |
| 990 | September 2024 | $475,737 | $483,702 | $390,428 | XML |
| 990 | September 2023 | $501,834 | $430,440 | $420,311 | XML |
| 990 | September 2022 | $317,690 | $279,910 | $411,654 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0955920).
Questions about INVERNESS RECREATION CLUB INC
- What is the EIN of INVERNESS RECREATION CLUB INC?
- The employer identification number (EIN) of INVERNESS RECREATION CLUB INC is 52-0955920.
- Is INVERNESS RECREATION CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1981.
- Are donations to INVERNESS RECREATION CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INVERNESS RECREATION CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVERNESS RECREATION CLUB INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVERNESS RECREATION CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of INVERNESS RECREATION CLUB INC?
- The 990 for the year ended September 30, 2025 names MICHAEL D SPECHT.
- Who are the officers and directors of INVERNESS RECREATION CLUB INC?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does INVERNESS RECREATION CLUB INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $374,293, expenses of $398,352 and total assets of $355,818 at year end.
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