Torresdale Swim Club Inc in Bensalem, Pennsylvania (PA)

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Torresdale Swim Club Inc
Employer Identification Number (EIN)231676930
Name of OrganizationTorresdale Swim Club Inc
Address446 Mill Road, Bensalem, PA 19020
ActivitiesSwimming or tennis club
SubsectionPleasure, Recreational, or Social Club
Ruling Date11/1976
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$350,518
Amount of Income$273,447
Form 990 Revenue Amount$273,447


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$9,055
Gross receipts for public use of club facilities $13,863
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$277,538
Contributions, Gifts, Grants and Other Similar Amounts$237,394
Program Service Revenue$40,087
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$57
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$262,824
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$81,145
Payroll taxes$9,300
Professional fundraising services$0
Other$172,379
Balance Sheet (for 2011)
Total assets$326,086
Total liabilities$21,288
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$21,288
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$304,798
Retained earnings, endowment, accumulated income, or other funds$214,473
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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