Lake Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060741628 ✦ Wilton, CT ✦ Designated as a 501(c)(7)

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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: $759,582

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

Who is the CEO of Lake Club Inc?

Thomas Healy is the Aquatics of Lake Club Inc.


Official website here: www.lakeclubinc.com

What is the revenue of Lake Club Inc?

Lake Club Inc's revenue in 2022 was $2,937,016.


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 2022 was $8,832. There are 86 employees at Lake Club Inc.


Here are 10 key members and their salaries:


Emily Galligan (Aquatics)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Newfield (Tennis)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Rhind (Vp - Social)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anton Mavrin (Director Of)
  • Compensation: $65,950
  • Related: $0
  • Other: $0
Andrea Ferrante (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Shay (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Healy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Underhill (General Mana)
  • Compensation: $104,089
  • Related: $0
  • Other: $0
Robin Allen (Membership)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Szymanowicz (Buildings &)
  • Compensation: $0
  • Related: $0
  • Other: $0


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 2022 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.

Revenue
$2,937,016 (2022)
Expenses
$2,319,578 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $84
  • Program Service Revenue: $2,898,141
  • Gross Receipts: $2,937,016

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

$1,487,413

INITIATION FEES

Revenue

$868,000

TENNIS PROGRAM

Revenue

$258,009

CAPITAL ASSESSMENTS

Revenue

$96,300

SWIMMING PROGRAM

Revenue

$74,361

Organization Details

Founding Year

1958

Principal Officer

Thomas Healy

Main Address

165 THAYER POND ROAD, WILTON, CT, 06897

NTEE Category

Code: N50 - Recreation

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