Overview
What is Lake Club Inc?
Lake Club Inc, located in Wilton, Connecticut, is a nonprofit organization with a primary focus on providing pleasure and recreational benefits to its members. With a workforce of 86 individuals, the club utilizes all its income and expenses towards this end. The organization's activities and mission are centered around the ultimate enjoyment and relaxation of its members. Although specific programs or initiatives are not mentioned in the provided information, it is clear that Lake Club Inc offers a space and resources for its members to unwind and engage in leisure activities.
Official website here: www.lakeclubinc.com
Is Lake Club Inc legitimate?
Lake Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $881,652
For more financial information, click here
Official website here: www.lakeclubinc.com
What is the mission statement of Lake Club Inc?
Lake Club Inc's mission is centered around providing unparalleled pleasure and leisure experiences for its members. All income and expenditures are strategically utilized to ensure the ultimate recreational benefits for its members, thereby enhancing their overall satisfaction and enjoyment. The club's activities are geared towards creating a conducive environment for relaxation and leisure, catering to the needs and interests of its members.
Official website here: www.lakeclubinc.com
What is the revenue of Lake Club Inc?
Lake Club Inc's revenue in 2024 was $3,189,754.
Official website here: www.lakeclubinc.com
Who are the executives of Lake Club Inc and what are their salaries?
The average compensation at Lake Club Inc during 2024 was $11,914. There are 74 employees at Lake Club Inc.
Here are 7 key members and their salaries:
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- Compensation: $111,482
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- Compensation: $100,278
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Official website here: www.lakeclubinc.com
Where can I find the form 990 for Lake Club Inc?
Lake Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakeclubinc.com
Learn more at the official website: www.lakeclubinc.com
Mission Statement of Lake Club Inc
Lake Club Inc, as an organization, is dedicated to providing ultimate pleasure and recreational benefits for its members. All the income and expenses of the club are meticulously utilized to serve this purpose, ensuring the satisfaction and enjoyment of its members. The club's mission is centered around enhancing its members' leisure time, making each member's experience at Lake Club Inc memorable and enjoyable.
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Impact
October, 2024
Lake Club Inc plays a significant role in enhancing the recreational experience for its members in Wilton, CT. By focusing all income and expenses on the ultimate pleasure and recreational benefits of its members, the club fosters a vibrant community centered around leisure and enjoyment. This commitment not only enriches the lives of its members but also promotes social interaction and a sense of belonging. The resources allocated toward recreational activities create an environment where individuals can engage in various leisure pursuits, contributing to overall well-being and quality of life within the community. The club’s efforts to prioritize member satisfaction ensure that it remains a vital hub for recreation, promoting healthy lifestyles and enriching the local social fabric.
This information is meant to be a general summary of Lake Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $33,483
- Program Service Revenue: $3,157,053
- Gross Receipts: $3,190,536
Assets and Liabilities:
- Total Assets: $3,604,988
- Total Liabilities: $1,214,735
- Net Assets: $2,390,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP
Revenue
$1,693,870
INITIATION FEES
Revenue
$658,025
TENNIS PROGRAM
Revenue
$445,812
PADDLE PROGRAM
Revenue
$102,400
CAPITAL ASSESSMENTS
Revenue
$94,650
Organization Details
Founding Year
1958
Principal Officer
Andrea Ferrante
Website
www.lakeclubinc.comNTEE Category
Code: N50 - Recreation
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