Nonprofit · EIN 56-0773705
SHERWOOD SWIM & RACQUET CLUB
Tax-exempt · GREENSBORO, NC 27405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $622,383 | $652,878 | -$30,495 | $1,779,444 | $637,179 | $1,142,265 |
| September 30, 2023 | 990 | $613,649 | $680,400 | -$66,751 | $2,760,206 | $670,991 | $2,089,215 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $593,341
- Investment income
- $51
- Net income from fundraising events
- $9,463
- Other revenue
- $28,991
Expenses
- Grants and similar amounts paid
- $19,602
- Other salaries and wages
- $178,055
- Salaries, compensation and benefits (total)
- $199,863
- Professional fundraising fees
- $0
- Occupancy
- $128,697
- Depreciation
- $74,367
- Program services (functional)
- $399,565
- Management and general (functional)
- $253,313
Balance sheet and other
- Total assets, start of year
- $2,760,206
- Total assets, end of year
- $1,779,444
- Total liabilities, end of year
- $637,179
- Net assets, end of year
- $1,142,265
- Land, buildings and equipment
- $1,604,871
- Gross receipts
- $622,383
- Employees
- 40
- Volunteers
- 0
- Year formed
- 1961
- State of legal domicile
- NC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATIE POOLE | CO-PRESIDENT Trustee or director, Officer | 30 | $0 |
| TERESA RUSSEL | CO-PRESIDENT Trustee or director | 30 | $0 |
| BLAIR BARNETT | TREASURER Trustee or director, Officer | 10 | $0 |
| ELIZABETH PAUL | SECRETARY Trustee or director, Officer | 10 | $0 |
| PETER MILLER | DIRECTOR AT LARGE Trustee or director | 5 | $0 |
| BERT FIELDS | DIRECTOR AT LARGE Trustee or director | 5 | $0 |
| SARAH MONTANA | DIRECTOR AT LARGE Trustee or director | 10 | $0 |
990 for the year ended September 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATIE ROSSABI | President Trustee or director, Officer | 0 | $0 |
| TERESA RUSSELL | Secretary Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 ALMA PINNIX DR, GREENSBORO, NC 27405-4348
- Principal officer (990 for 2023)
- TERESA RUSSELL, 100 ALMA PINNIX DR, GREENSBOORO, NC 27405
- Signed the 990
- TERESA RUSSELL, CO-PRESIDENT
- Phone
- (336) 272-1665
- Return prepared by
- DUNCAN ASHE PA
Mission
SWIM AND TENNIS CLUB TO PROVIDE MEMBERS WITH A RECREATIONAL CLUB TO ENJOY SWIM AND TENNIS.
Program accomplishments
- TENNIS PROGRAM INCLUDES COURT FEES FOR MEMBERS AND NONMEMBERS FOR BOTH INDOOR AND OUTDOOR COURTS. TENNIS CAMPS AND CLINICS, PRIVATE LESSONS, PARTICIPATION IN TENNIS TOURNAMENTS AND TENNIS SOCIAL EVENTS AND ACTIVITIES.Expenses $128,275 · revenue $190,485
- POOL AND SWIM TEAM INCLUDED POOL OPERATIONS FOR MEMBERS AND GUESTS DURING SEASONAL MONTHS OF MAY TO SEPTEMBER, SWIM TEAM TRAINING AND COMPETITIONS, POOL SOCIAL EVENTS AND ACTIVITIES.Expenses $248,295 · grants $19,602 · revenue $368,709
- ALL OTHER ACCOMPLISHMENTS INCLUDE CLUBHOUSE RENTALS AND PARKING SPOT RENTALS TO MEMBERS (FOR THEIR HIGH SCHOOOL STUDENTS).Expenses $22,995 · revenue $34,148
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 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-0773705
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,779,444
- Income (IRS master file)
- $622,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $622,383 | $652,878 | $1,779,444 | XML |
| 990 | September 2023 | $613,649 | $680,400 | $2,760,206 | XML |
| 990 | September 2022 | $696,841 | $639,199 | $2,855,577 | 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 56-0773705).
Questions about SHERWOOD SWIM & RACQUET CLUB
- What is the EIN of SHERWOOD SWIM & RACQUET CLUB?
- The employer identification number (EIN) of SHERWOOD SWIM & RACQUET CLUB is 56-0773705.
- Is SHERWOOD SWIM & RACQUET CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1964.
- Are donations to SHERWOOD SWIM & RACQUET CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHERWOOD SWIM & RACQUET CLUB 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 SHERWOOD SWIM & RACQUET CLUB 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 SHERWOOD SWIM & RACQUET CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of SHERWOOD SWIM & RACQUET CLUB?
- The 990 for the year ended September 30, 2024 names TERESA RUSSELL.
- Who are the officers and directors of SHERWOOD SWIM & RACQUET CLUB?
- The 990 for the year ended September 30, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SHERWOOD SWIM & RACQUET CLUB have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $622,383, expenses of $652,878 and total assets of $1,779,444 at year end.
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