Nonprofit · EIN 56-1271031
WOOD VALLEY SWIM & RACQUET CLUB INC
Tax-exempt · RALEIGH, NC 27613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $308,959 | $386,386 | -$77,427 | $544,555 | $183,230 | $361,325 |
| December 31, 2023 | 990 | $309,745 | $294,663 | $15,082 | $647,569 | $208,318 | $439,251 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $239,603
- Membership dues
- $230,172
- Program service revenue
- $60,855
- Investment income
- $37
- Net income from sales of inventory
- $8,464
- Other revenue
- $8,464
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,700
- Occupancy
- $215,066
- Depreciation
- $14,588
Balance sheet and other
- Total assets, start of year
- $647,569
- Total assets, end of year
- $544,555
- Total liabilities, end of year
- $183,230
- Net assets, end of year
- $361,325
- Land, buildings and equipment
- $443,843
- Gross receipts
- $310,856
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1980
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE BERTICS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES NEWTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| K READ GENTRY | TREASURER Trustee or director, Officer | 2 | $0 |
| MEGAN DELONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| KRISTIE DEAK | YOUTH SPORTS DIRECTOR Trustee or director | 1 | $0 |
| ROB CAIOLA | FACILITIES DIRECTOR Trustee or director | 1 | $0 |
| CRAIG WOOSTER | FACILITIES DIRECTOR Trustee or director | 1 | $0 |
| LAUREN MIELKE | SOCIAL DIRECTOR Trustee or director | 1 | $0 |
| MATT KINLAW | SPONSORSHIPS DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE CARR | MEMBERSHIP DIRECTOR Trustee or director | 1 | $0 |
| ROSEMARIE WILSON | MEMBERSHIP DIRECTOR Trustee or director | 1 | $0 |
| DAVID EVANS | RENTALS DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BERTICS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| TRACY BRUNK | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| CAROL GILLESPIE | PRES. (THRU Trustee or director, Officer | 2 | $0 |
| TERRY HURLEY | DIRECTOR Trustee or director | 2 | $0 |
| KRISTEN KLECHA | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN MIELKE | SECRETARY Trustee or director, Officer | 2 | $0 |
| HEIDI ROESER | DIRECTOR Trustee or director | 2 | $0 |
| ALISON SCULLEY | TREASURER Trustee or director, Officer | 2 | $0 |
| CRAIG WOOSTER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 10316 BOXELDER DR, RALEIGH, NC 27613-6140
- Principal officer (990 for 2024)
- KATHERINE READ GENTRY, 10316 BOXELDER DRIVE, RALEIGH, NC 27613
- Signed the 990
- KATHERINE READ GENTRY, TREASURER
- Phone
- (919) 280-8189
- Website
- WOODVALLEYSRC.COM
- Return prepared by
- SHARPE PATEL CPA
Mission
TO PROVIDE SOCIAL AND SPORTS ACTIVITIES FOR NEIGHBORHOOD FAMILIES.
Program accomplishments
- PROVIDE SOCIAL AND SPORTS ACTIVITIES FOR CLUB 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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1271031
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $544,555
- Income (IRS master file)
- $310,856
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $308,959 | $386,386 | $544,555 | XML |
| 990 | December 2023 | $309,745 | $294,663 | $647,569 | XML |
| 990 | December 2022 | $315,842 | $272,760 | $648,075 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-1271031).
Questions about WOOD VALLEY SWIM & RACQUET CLUB INC
- What is the EIN of WOOD VALLEY SWIM & RACQUET CLUB INC?
- The employer identification number (EIN) of WOOD VALLEY SWIM & RACQUET CLUB INC is 56-1271031.
- Is WOOD VALLEY SWIM & RACQUET CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1982.
- Are donations to WOOD VALLEY SWIM & RACQUET CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WOOD VALLEY SWIM & RACQUET 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 WOOD VALLEY SWIM & RACQUET CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WOOD VALLEY SWIM & RACQUET CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WOOD VALLEY SWIM & RACQUET CLUB INC?
- The 990 for the year ended December 31, 2024 names KATHERINE READ GENTRY.
- Who are the officers and directors of WOOD VALLEY SWIM & RACQUET CLUB INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does WOOD VALLEY SWIM & RACQUET CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $308,959, expenses of $386,386 and total assets of $544,555 at year end.
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