Civic Intelligence

Phantom Lake Bath & Tennis Club In

EIN 91-0715875 • 501(c)7 • Bellevue, WA

Profile

Phantom lake bath & tennis club is a member-owned swimming pool and recreation club located in bellevue, wa. Its facilities include a 6 lane swimming pool, tennis courts, basketball court, recreation field, clubhouse and bbq patio. It's tennis and basketball courts are available year round.

15810 SE 24th StreetBellevue, WA 98008-5404

www.phantomlakeclub.org

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.02x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.04x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

14th percentile

-9.4%

Faster asset growth than 14% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-16%

Faster revenue growth than 11% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$514,481

Down $53,252 (-9.4%) from 2023

Liabilities

Down

$12,727

Down $8,243 (-39%) from 2023

Net Assets

Down

$501,754

Down $45,009 (-8.2%) from 2023

Revenue

Down

$345,121

Down $66,052 (-16%) from 2023

Expenses

Up

$390,130

Up $79,728 (+26%) from 2023

Net Income

Down

-$45,009

Down $145,780 (-145%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $249,274Liabilities 2011: $0Net Assets 2011: $249,2742011Assets 2013: $247,588Liabilities 2013: $0Net Assets 2013: $247,5882013Assets 2014: $259,525Liabilities 2014: $0Net Assets 2014: $259,5252014Assets 2015: $295,055Liabilities 2015: $3,854Net Assets 2015: $291,2012015Assets 2016: $351,444Liabilities 2016: $6,446Net Assets 2016: $344,9982016Assets 2017: $340,828Liabilities 2017: $8,136Net Assets 2017: $332,6922017Assets 2018: $416,565Liabilities 2018: $13,667Net Assets 2018: $402,8982018Assets 2019: $475,359Liabilities 2019: $13,968Net Assets 2019: $461,3912019Assets 2020: $419,363Liabilities 2020: $35,055Net Assets 2020: $384,3082020Assets 2021: $417,181Liabilities 2021: $19,955Net Assets 2021: $397,2262021Assets 2022: $466,764Liabilities 2022: $20,772Net Assets 2022: $445,9922022Assets 2023: $567,733Liabilities 2023: $20,970Net Assets 2023: $546,7632023Assets 2024: $514,481Liabilities 2024: $12,727Net Assets 2024: $501,7542024

Highlighted filing

2024

Assets$514,481
Liabilities$12,727
Net Assets$501,754

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $135,102Expenses 2011: $122,071Net Income 2011: $13,0312011Revenue 2013: $128,635Expenses 2013: $118,328Net Income 2013: $10,3072013Revenue 2014: $147,323Expenses 2014: $135,386Net Income 2014: $11,9372014Revenue 2015: $182,750Expenses 2015: $151,074Net Income 2015: $31,6762015Revenue 2016: $239,419Expenses 2016: $185,622Net Income 2016: $53,7972016Revenue 2017: $230,196Expenses 2017: $242,502Net Income 2017: -$12,3062017Revenue 2018: $276,163Expenses 2018: $205,957Net Income 2018: $70,2062018Revenue 2019: $277,859Expenses 2019: $219,366Net Income 2019: $58,4932019Revenue 2020: $99,515Expenses 2020: $176,598Net Income 2020: -$77,0832020Revenue 2021: $279,950Expenses 2021: $267,032Net Income 2021: $12,9182021Revenue 2022: $327,549Expenses 2022: $278,783Net Income 2022: $48,7662022Revenue 2023: $411,173Expenses 2023: $310,402Net Income 2023: $100,7712023Revenue 2024: $345,121Expenses 2024: $390,130Net Income 2024: -$45,0092024

Highlighted filing

2024

Revenue$345,121
Expenses$390,130
Net Income-$45,009

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 27, 2025
Return Version
2024v5.0
Gross Receipts
$352,494
Mission and Program Overview

Mission

Phantom lake bath & tennis club is a member-owned swimming pool and recreation club located in bellevue, wa. Its facilities include a 6 lane swimming pool, tennis courts, basketball court, recreation field, clubhouse and bbq patio. The tennis and basketball courts are available year round.

Phantom lake bath & tennis club is a member-owned swimming pool and recreation club located in bellevue, wa. Its facilities include a 6 lane swimming pool, tennis courts, basketball court, recreation field, clubhouse and bbq patio. It's tennis and basketball courts are available year round.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$546,763$501,754▼ $45,009
Land, Buildings, and Equipment, Net$278,945$316,786▲ $37,841
Savings and Temporary Cash Investments$110,670$126,687▲ $16,017
Cash and Non-Interest-Bearing Accounts$177,672$70,854▼ $106,818
Total Assets$567,733$514,481▼ $53,252
Other Assets Total$446$154▼ $292
Liabilities
Other Liabilities$20,970$12,727▼ $8,243
Total Liabilities$20,970$12,727▼ $8,243
Net Assets / Fund Balance
Total Net Assets Fund Balance$546,763$501,754▼ $45,009
Total Liabilities and Net Assets / Fund Balance$567,733$514,481▼ $53,252

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$180,902-$180,902
Other Land Buildings$50,711$118,978$169,689
Equipment$65,373-$65,373
Leasehold Improvements$19,800$22,443$42,243
Compensation and Service Providers

Board Members and Trustees

NameTitle
Claudia MyersPresident
Erin FieldsBoard Member
Katie EubankBoard Member
Mandeep ToorBoard Member
Jennifer SchultzeSecretary
Steve FoxTreasurer
Markus VogelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$221,134
Program Service Revenue
$104,452
Investment Income
$1,052
Other Revenue
$18,483
Change in Net Assets
$-45,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,164
Salaries, Compensation, and Employee Benefits$147,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$121,985
Occupancy---$96,194
Depreciation Depletion---$82,739
Payroll Taxes---$25,981
Fees for Services Legal---$11,090
Insurance---$10,885
All Other Expenses---$7,683
Fees for Services Accounting---$7,652
Office Expenses---$4,254
Other Expenses---$2,778
Advertising---$2,347
Total Functional Expenses$0$0$0$390,130
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,236
Fundraising Direct Expenses$7,373
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Washington State Dept. of Revenue Pa$12,323
Payroll Tax Liabilities$404
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The club has certain members that hold "certificates" (or shares) which permits those individuals to vote on significant matters. The board of directors votes on normal operating matters of the club.

Form 990, Page 6, Part VI, Line 7A

The president can appoint new board members if the need arises between annual meetings.

Form 990, Page 6, Part VI, Line 7B

Large cost decisions and organizational changes (e.g amending the articles of incorporation) are subject to member approval.

Form 990, Page 6, Part VI, Line 11B

For 2024 phantom lake bath & tennis club engaged a cpa firm to prepare its form 990 tax filings. The 990 is reviewed in detail with one or more of the board members before it is finalized. Once finalized, the form 990 is made available to all board members prior to filing with the irs.

Form 990, Page 6, Part VI, Line 19

The taxpayer's financial statements are not made available to the public. The taxpayer's form 990 is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Phantom Lake Bath & Tennis Club in
EIN
91-0715875
Phone
4257470260
Address
15810 SE 24TH STREET, BELLEVUE, WA 98008-5404

Signing Officer

Name
Steve Fox
Title
Treasurer
Phone
4257470260
Signed
2025-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Fox
Formed
1960
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
214
Employees
28
Volunteers
50

Preparer

Firm
Newman Dierst Hales Pllc
Address
221 1ST AVE W STE 515, SEATTLE, WA 98119-4285
Preparer
Kevin Ikebe
Phone
2062841383
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Phantom lake bath & tennis club is a member-owned swimming pool and recreation club located in bellevue, wa. Its facilities include a 6 lane swimming pool, tennis courts, basketball court, recreation field, clubhouse and bbq patio. It's tennis and basketball courts are available year round.

Form 990, Page 2, Part III, Line 4A

Swim team - this is a recreational competitive swim team for children aged 5 to 18 and is a member of the midlakes league, a local league with the purpose of providing opportunities to introduce member clubs and athletes to aquatic sports. Water polo team - this is a recreational competitive water polo team for children ages 8 to 18 and is a member of the midlakes league, a local league with the purpose of providing opportunities to introduce member clubs and athletes to aquatic sports. Dive team - this is a recreational competitive dive team for children aged 5 to 18 and is a member of the midlakes league, a local organization with the purpose of providing opportunities to introduce member clubs and athletes to aquatic sports. Group swim lessons - this is a service program to teach members to swim the four competitive swim strokes. The purpose is to provide a safe learning environment to promote enjoyment of swimming.

Raw XML Appendix341 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.

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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0180902
IRS990ScheduleD/EquipmentGrp/BookValueAmt065373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065373
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019800
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022443
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt042243
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050711
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0118978
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0WASHINGTON STATE DEPT. OF REVENUE PA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0316786
IRS990ScheduleD/TotalLiabilityAmt012727
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHANTOM LAKE BATH & TENNIS CLUB IS A MEMBER-OWNED SWIMMING POOL AND RECREATION CLUB LOCATED IN BELLEVUE, WA. ITS FACILITIES INCLUDE A 6 LANE SWIMMING POOL, TENNIS COURTS, BASKETBALL COURT, RECREATION FIELD, CLUBHOUSE AND BBQ PATIO. IT'S TENNIS AND BASKETBALL COURTS ARE AVAILABLE YEAR ROUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SWIM TEAM - THIS IS A RECREATIONAL COMPETITIVE SWIM TEAM FOR CHILDREN AGED 5 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL LEAGUE WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. WATER POLO TEAM - THIS IS A RECREATIONAL COMPETITIVE WATER POLO TEAM FOR CHILDREN AGES 8 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL LEAGUE WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. DIVE TEAM - THIS IS A RECREATIONAL COMPETITIVE DIVE TEAM FOR CHILDREN AGED 5 TO 18 AND IS A MEMBER OF THE MIDLAKES LEAGUE, A LOCAL ORGANIZATION WITH THE PURPOSE OF PROVIDING OPPORTUNITIES TO INTRODUCE MEMBER CLUBS AND ATHLETES TO AQUATIC SPORTS. GROUP SWIM LESSONS - THIS IS A SERVICE PROGRAM TO TEACH MEMBERS TO SWIM THE FOUR COMPETITIVE SWIM STROKES. THE PURPOSE IS TO PROVIDE A SAFE LEARNING ENVIRONMENT TO PROMOTE ENJOYMENT OF SWIMMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CLUB HAS CERTAIN MEMBERS THAT HOLD "CERTIFICATES" (OR SHARES) WHICH PERMITS THOSE INDIVIDUALS TO VOTE ON SIGNIFICANT MATTERS. THE BOARD OF DIRECTORS VOTES ON NORMAL OPERATING MATTERS OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT CAN APPOINT NEW BOARD MEMBERS IF THE NEED ARISES BETWEEN ANNUAL MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LARGE COST DECISIONS AND ORGANIZATIONAL CHANGES (E.G AMENDING THE ARTICLES OF INCORPORATION) ARE SUBJECT TO MEMBER APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR 2024 PHANTOM LAKE BATH & TENNIS CLUB ENGAGED A CPA FIRM TO PREPARE ITS FORM 990 TAX FILINGS. THE 990 IS REVIEWED IN DETAIL WITH ONE OR MORE OF THE BOARD MEMBERS BEFORE IT IS FINALIZED. ONCE FINALIZED, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TAXPAYER'S FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE TAXPAYER'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt08219
IRS990/TotalLiabilitiesBOYAmt020970
IRS990/TotalLiabilitiesEOYAmt012727
IRS990/TotalLiabilitiesGrp/BOYAmt020970
IRS990/TotalLiabilitiesGrp/EOYAmt012727
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0546763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0501754
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt07030
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt07030
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0112853
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345121
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08219
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IRS990/USAddress/AddressLine1Txt015810 SE 24TH STREET
IRS990/USAddress/CityNm0BELLEVUE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098008
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IRS990/WebsiteAddressTxt0WWW.PHANTOMLAKECLUB.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE FOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04257470260
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHANTOM LAKE BATH & TENNIS CLUB IN
ReturnHeader/Filer/BusinessNameControlTxt0PHAN
ReturnHeader/Filer/EIN0910715875
ReturnHeader/Filer/PhoneNum04257470260
ReturnHeader/Filer/USAddress/AddressLine1Txt015810 SE 24TH STREET
ReturnHeader/Filer/USAddress/CityNm0BELLEVUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0980085404
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204967233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWMAN DIERST HALES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0221 1ST AVE W STE 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981194285
ReturnHeader/PreparerPersonGrp/PhoneNum02062841383
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN IKEBE
ReturnHeader/ReturnTs02025-06-09T19:49:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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