Lake Tranquility Community Club Inc

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

EIN: 221720513 ✦ Tranquility, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Lake Tranquility Community Club Inc?

Lake Tranquility Community Club Inc is a nonprofit organization dedicated to fostering the well-being, enjoyment, and personal development of its members. They achieve this by offering a variety of recreational activities and meticulously managing all club property. The club is committed to meeting its financial obligations, including taxes and maintenance fees. The primary goal of Lake Tranquility Community Club Inc is to encourage social interaction, camaraderie, and intellectual growth among its members, ensuring an engaging and enriching experience for all.

Is Lake Tranquility Community Club Inc legitimate?

Lake Tranquility Community Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Tranquility Community Club Inc submitted a form 990EZ, 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.

What is the mission statement of Lake Tranquility Community Club Inc?

The Lake Tranquility Community Club Inc is dedicated to enhancing the well-being, enjoyment, and social interactions of its members. They accomplish this by organizing recreational activities and preserving the club's property. The club also ensures that all necessary taxes and maintenance costs are paid. In essence, their mission is to foster a sense of camaraderie, intellectual stimulation, and entertainment among its members.

Who is the CEO of Lake Tranquility Community Club Inc?

Matthew Cohen is the President of Lake Tranquility Community Club Inc.

What is the revenue of Lake Tranquility Community Club Inc?

Lake Tranquility Community Club Inc's revenue in 2022 was $158,625.

Who are the executives of Lake Tranquility Community Club Inc and what are their salaries?


Here are 4 key members and their salaries:


Matthew Cohen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Lloyd (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Cohen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Sobel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lake Tranquility Community Club Inc?

Lake Tranquility Community Club Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lake Tranquility Community Club Inc

Lake Tranquility Community Club Inc is dedicated to enhancing the well-being, enjoyment, and personal growth of its members. Through various recreational activities, the club fosters a sense of community, camaraderie, and intellectual stimulation among its members. Moreover, Lake Tranquility Community Club Inc ensures the upkeep of its facilities, pays all related taxes, and covers any necessary maintenance charges. By doing so, it maintains a welcoming and conducive environment where its members can engage in leisure activities and develop meaningful connections.

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Impact




October, 2024

Lake Tranquility Community Club Inc significantly enhances the quality of life for its members and the surrounding community. By promoting welfare, social interactions, and intellectual growth, the club fosters a spirit of good fellowship and community engagement. Through various recreational activities, it not only offers a space for leisure and fun but also strengthens social ties among members, contributing to a sense of belonging.

Additionally, the club’s dedication to maintaining its property ensures that community resources remain available and inviting. This commitment not only sustains recreational spaces for enjoyment but also protects the value of local amenities. By diligently managing upkeep and meeting all necessary tax obligations, Lake Tranquility Community Club ensures a responsible and sustainable operation, further bolstering its positive impact on community well-being and cohesion.




This information is meant to be a general summary of Lake Tranquility Community 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
$158,625 (2022)
Expenses
$141,764 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8
  • Program Service Revenue: $50,718
  • Gross Receipts: $158,625

Assets and Liabilities:

  • Total Assets: $78,748
  • Total Liabilities: $1,712
  • Net Assets: $77,036

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Organization Details

Principal Officer

Matthew Cohen

Main Address

PO BOX 13, TRANQUILITY, NJ, 07879

NTEE Category

Code: N50 - Recreation

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