Civic Intelligence

Potomac Swimming and Recreation

EIN 52-0781544 • 501(c)7 • Potomac, MD

Profile

The Potomac Swimming and Recreation Association, Inc. is organized for the purpose of operating and maintaining a swimming pool and other recreational facilities for the promotion of the health, welfare and pleasure of its members and guests.

10531 Oaklyn DrivePotomac, MD 20854

www.potomacswimandtennis.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.06x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

2.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

95th percentile

39%

Faster asset growth than 95% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

51%

Faster revenue growth than 93% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$2,177,920

Up $609,933 (+39%) from 2023

Liabilities

Up

$2,313,870

Up $359,478 (+18%) from 2023

Net Assets

Up

-$135,950

Up $250,455 (+65%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin84th percentile

Revenue

Up

$914,135

Up $308,167 (+51%) from 2023

Expenses

Down

$669,354

Down $2,950 (-0.4%) from 2023

Net Income

Up

$244,781

Up $311,117 (+469%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,408,958Liabilities 2010: $778,934Net Assets 2010: $630,0242010Assets 2011: $2,251,047Liabilities 2011: $1,650,627Net Assets 2011: $600,4202011Assets 2012: $2,316,117Liabilities 2012: $1,867,705Net Assets 2012: $448,4122012Assets 2013: $2,449,609Liabilities 2013: $2,146,784Net Assets 2013: $302,8252013Assets 2014: $2,334,238Liabilities 2014: $2,108,733Net Assets 2014: $225,5052014Assets 2015: $2,265,441Liabilities 2015: $2,231,540Net Assets 2015: $33,9012015Assets 2016: $2,173,480Liabilities 2016: $2,185,555Net Assets 2016: -$12,0752016Assets 2017: $2,123,077Liabilities 2017: $2,271,445Net Assets 2017: -$148,3682017Assets 2018: $1,933,451Liabilities 2018: $2,213,173Net Assets 2018: -$279,7222018Assets 2019: $1,761,341Liabilities 2019: $2,154,329Net Assets 2019: -$392,9882019Assets 2020: $1,664,287Liabilities 2020: $2,100,079Net Assets 2020: -$435,7922020Assets 2021: $1,724,518Liabilities 2021: $1,971,863Net Assets 2021: -$247,3452021Assets 2022: $1,668,192Liabilities 2022: $1,988,261Net Assets 2022: -$320,0692022Assets 2023: $1,567,987Liabilities 2023: $1,954,392Net Assets 2023: -$386,4052023Assets 2024: $2,177,920Liabilities 2024: $2,313,870Net Assets 2024: -$135,9502024

Highlighted filing

2024

Assets$2,177,920
Liabilities$2,313,870
Net Assets-$135,950
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $275,2812010Expenses 2011: $268,5232011Expenses 2012: $550,4642012Revenue 2013: $592,103Expenses 2013: $737,690Net Income 2013: -$145,5872013Revenue 2014: $709,449Expenses 2014: $786,769Net Income 2014: -$77,3202014Revenue 2015: $668,160Expenses 2015: $859,764Net Income 2015: -$191,6042015Revenue 2016: $705,731Expenses 2016: $751,707Net Income 2016: -$45,9762016Revenue 2017: $617,817Expenses 2017: $754,110Net Income 2017: -$136,2932017Revenue 2018: $615,811Expenses 2018: $747,165Net Income 2018: -$131,3542018Revenue 2019: $522,117Expenses 2019: $635,383Net Income 2019: -$113,2662019Revenue 2020: $447,030Expenses 2020: $489,834Net Income 2020: -$42,8042020Revenue 2021: $790,499Expenses 2021: $602,052Net Income 2021: $188,4472021Revenue 2022: $667,169Expenses 2022: $739,893Net Income 2022: -$72,7242022Revenue 2023: $605,968Expenses 2023: $672,304Net Income 2023: -$66,3362023Revenue 2024: $914,135Expenses 2024: $669,354Net Income 2024: $244,7812024

Highlighted filing

2024

Revenue$914,135
Expenses$669,354
Net Income$244,781
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$2,177,920
Liabilities
$2,313,870
Net assets
-$135,950
Revenue
$914,135
Expenses
$669,354
Net income
$244,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$2.31$0.14$0.91$0.67$0.24
2023Summary only. Only limited summary data is available for this year.$1.57$1.95$0.39$0.61$0.67$0.07
2022Summary only. Only limited summary data is available for this year.$1.67$1.99$0.32$0.67$0.74$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.97$0.25$0.79$0.60$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$2.10$0.44$0.45$0.49$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$2.15$0.39$0.52$0.64$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$2.21$0.28$0.62$0.75$0.13
2017Summary only. Only limited summary data is available for this year.$2.12$2.27$0.15$0.62$0.75$0.14
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$2.19$0.01$0.71$0.75$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.27$2.23$0.03$0.67$0.86$0.19
2014Summary only. Only limited summary data is available for this year.$2.33$2.11$0.23$0.71$0.79$0.08
2013Summary only. Only limited summary data is available for this year.$2.45$2.15$0.30$0.59$0.74$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$1.87$0.45$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$1.65$0.60$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.78$0.63$0.28
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$790,499
Mission and Program Overview

Mission

The Potomac Swimming and Recreation Association, Inc. is organized for the purpose of operating and maintaining a swimming pool and other recreational facilities for the promotion of the health, welfare and pleasure of its members and guests.

Operate a recreational facility to promote health, welfare and pleasure for its members and guests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,606,827$1,491,743▼ $115,084
Cash and Non-Interest-Bearing Accounts$51,828$223,576▲ $171,748
Other Notes and Loans Receivable, Net$5,632$9,199▲ $3,567
Total Assets$1,664,287$1,724,518▲ $60,231
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,059,571$1,962,422▼ $97,149
Accounts Payable and Accrued Expenses$40,508$9,441▼ $31,067
Total Liabilities$2,100,079$1,971,863▼ $128,216
Net Assets / Fund Balance
Net Assets With Donor Restrictions$725,604$725,604→ $0
Net Assets Without Donor Restrictions$-1,161,396$-972,949▲ $188,447
Total Net Assets Fund Balance$-435,792$-247,345▲ $188,447
Total Liabilities and Net Assets / Fund Balance$1,664,287$1,724,518▲ $60,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,439,113$1,754,399$3,193,512
Equipment$17,870$37,373$55,243
Land$34,760-$34,760
Other Land Buildings$0$20,817$20,817
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
David ByfordPresident
Martin LotzVice President
Lucy FitchDirector - Communications
Soo Jin ParkDirector - Membership
Chris BugelDirector - Social
Andrew ZettlerDirector - Swim and Dive Team
Anne MooreDirector- Tennis
Deb BurgerSecretary
Carrie TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$790,499
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$188,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$602,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$230,628
Depreciation Depletion---$133,109
Interest---$87,052
Occupancy---$49,310
Office Expenses---$24,501
Insurance---$15,775
Information Technology---$7,876
Advertising---$5,939
Other Expenses---$3,758
Fees for Services Accounting---$3,309
Total Functional Expenses$0$0$0$602,052
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization has a contract with WTS International, Inc., who is responsible to hire the General Manager (GM) for the organization. However, the organizaation has the right to ask for the GM to be replaced if needed. WTS International, Inc. also handles all of the accounting responsibilities.”

Form 990, Part VI, Section A, line 6

“Membership in the Organization shall be extended to all persons, regardless of gender, race, religion or creed, whose application for membership is approved by the Board of Directors.”

Form 990, Part VI, Section A, line 7A

“Elections for members of the Board of Directors are conducted at the annual meeting of the Organization. Candidates for positions on the Board of Directors are determined by the Nominating Committee. Members of the Organization vote either in person or by proxy.”

Form 990, Part VI, Section B, line 11B

“A draft of the federal Form 990, prepared by the Organization's CPA firm, is reviewed and approved by the Treasurer before the return is filed with the Internal Revenue Service.”

Form 990, Part VI, Section C, line 19

“Three years of the IRS federal Form 990 and all governing documents are available to the public upon written request and furnished via e-mail, USPS, or fax.”

Filing and Contact Details

Filer

Filer Name
Potomac Swimming and Recreation
EIN
52-0781544
Phone
2404982583
Address
10531 Oaklyn Drive, Potomac, MD 20854

Signing Officer

Name
Carrie Taylor
Title
Treasurer
Phone
2404982583
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Sears
Formed
1980
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Marcum LLP
Address
1899 L Street NW Suite 850, Washington, DC 20036
Preparer
Frank H Smith
Phone
2022274000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Swim & dive coaches 28,563. Administrative cost 182,768. Landscaping Management 19,297.”

Raw XML Appendix350 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt040508
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09441
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Operate a recreational facility to promote health, welfare and pleasure for its members and guests.
IRS990/AdvertisingGrp/TotalAmt05939
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Marco Chavez
IRS990/BooksInCareOfDetail/PhoneNum03016227800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03200 Tower Oaks Blvd 400
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rockville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020854
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt051828
IRS990/CashNonInterestBearingGrp/EOYAmt0223576
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0602052
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0790499
IRS990/CYRevenuesLessExpensesAmt0188447
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0602052
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0790499
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/TotalAmt0133109
IRS990/Desc0Provide and maintain swimming and other recreational facilities to approximately 230 active member families and their guests. Activities include swimming, diving, tennis and social programs for the benefit of association members.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0725604
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0725604
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt03309
IRS990/FeesForServicesOtherGrp/TotalAmt0230628
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0David Byford
IRS990/Form990PartVIISectionAGrp/PersonNm1Carrie Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm2Deb Burger
IRS990/Form990PartVIISectionAGrp/PersonNm3Lucy Fitch
IRS990/Form990PartVIISectionAGrp/PersonNm4Anne Moore
IRS990/Form990PartVIISectionAGrp/PersonNm5Martin Lotz
IRS990/Form990PartVIISectionAGrp/PersonNm6Soo Jin Park
IRS990/Form990PartVIISectionAGrp/PersonNm7Chris Bugel
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrew Zettler
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director - Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director- Tennis
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director - Membership
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director - Social
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director - Swim and Dive Team
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0790499
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt07876
IRS990/InitiationFeesAndCapContriAmt083078
IRS990/InsuranceGrp/TotalAmt015775
IRS990/InterestGrp/TotalAmt087052
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01812589
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01606827
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01491743
IRS990/LandBldgEquipCostOrOtherBssAmt03304332
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Potomac Swimming and Recreation Association, Inc. is organized for the purpose of operating and maintaining a swimming pool and other recreational facilities for the promotion of the health, welfare and pleasure of its members and guests.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02059571
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01962422
IRS990/NetAssetsOrFundBalancesBOYAmt0-435792
IRS990/NetAssetsOrFundBalancesEOYAmt0-247345
IRS990/NetUnrelatedBusTxblIncmAmt026638
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1161396
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-972949
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt049310
IRS990/OfficeExpensesGrp/TotalAmt024501
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Tennis/swim expenses
IRS990/OtherExpensesGrp/Desc1Bank & Credit Card Fees
IRS990/OtherExpensesGrp/Desc2Exercise Classes
IRS990/OtherExpensesGrp/Desc3Federal and States taxe
IRS990/OtherExpensesGrp/TotalAmt022829
IRS990/OtherExpensesGrp/TotalAmt112326
IRS990/OtherExpensesGrp/TotalAmt25640
IRS990/OtherExpensesGrp/TotalAmt33758
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05632
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09199
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Edward Sears
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/BusinessCd3713990
IRS990/ProgramServiceRevenueGrp/BusinessCd4713990
IRS990/ProgramServiceRevenueGrp/Desc0Tennis Program Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Membership
IRS990/ProgramServiceRevenueGrp/Desc2Pool rental
IRS990/ProgramServiceRevenueGrp/Desc3Swim program
IRS990/ProgramServiceRevenueGrp/Desc4Guest fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0406649
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1281629
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt346006
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0406649
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1281629
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt346006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42140
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt054075
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0489834
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0422030
IRS990/PYRevenuesLessExpensesAmt0-42804
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0489834
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0447030
IRS990/ReconcilationRevenueExpnssAmt0188447
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01439113
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01754399
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03193512
IRS990ScheduleD/EquipmentGrp/BookValueAmt017870
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055243
IRS990ScheduleD/LandGrp/BookValueAmt034760
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt034760
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020817
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020817
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01491743
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has a contract with WTS International, Inc., who is responsible to hire the General Manager (GM) for the organization. However, the organizaation has the right to ask for the GM to be replaced if needed. WTS International, Inc. also handles all of the accounting responsibilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership in the Organization shall be extended to all persons, regardless of gender, race, religion or creed, whose application for membership is approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Elections for members of the Board of Directors are conducted at the annual meeting of the Organization. Candidates for positions on the Board of Directors are determined by the Nominating Committee. Members of the Organization vote either in person or by proxy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A draft of the federal Form 990, prepared by the Organization's CPA firm, is reviewed and approved by the Treasurer before the return is filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Three years of the IRS federal Form 990 and all governing documents are available to the public upon written request and furnished via e-mail, USPS, or fax.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Swim & dive coaches 28,563. Administrative cost 182,768. Landscaping Management 19,297.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01664287
IRS990/TotalAssetsEOYAmt01724518
IRS990/TotalAssetsGrp/BOYAmt01664287
IRS990/TotalAssetsGrp/EOYAmt01724518
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0602052
IRS990/TotalGrossUBIAmt054075
IRS990/TotalLiabilitiesBOYAmt02100079
IRS990/TotalLiabilitiesEOYAmt01971863
IRS990/TotalLiabilitiesGrp/BOYAmt02100079
IRS990/TotalLiabilitiesGrp/EOYAmt01971863
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-435792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-247345
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0790499
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0736424
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0790499
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt054075
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01664287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01724518
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010531 Oaklyn Drive
IRS990/USAddress/CityNm0Potomac
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020854
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.potomacswimandtennis.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Carrie Taylor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02404982583
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Potomac Swimming and Recreation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0POTO
ReturnHeader/Filer/EIN0520781544
ReturnHeader/Filer/PhoneNum02404982583
ReturnHeader/Filer/USAddress/AddressLine1Txt010531 Oaklyn Drive
ReturnHeader/Filer/USAddress/CityNm0Potomac
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020854
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Marcum LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01899 L Street NW Suite 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02022274000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Frank H Smith
ReturnHeader/ReturnTs02022-11-09T19:13:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Carrie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Taylor
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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