Inverness Recreation Club Inc in Bethesda, Maryland (MD)

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Inverness Recreation Club Inc
Employer Identification Number (EIN)520955920
Name of OrganizationInverness Recreation Club Inc
AddressPO BOX 34285, Bethesda, MD 20827-0285
SubsectionPleasure, Recreational, or Social Club
Ruling Date02/1981
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$546,329
Amount of Income$202,633
Form 990 Revenue Amount$202,633

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Financial snapshot ($)

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?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$197,436
Contributions, Gifts, Grants and Other Similar Amounts$197,436
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$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$196,364
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$567,021
Total liabilities$474,951
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$450,981
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$92,070
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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