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Inverness Recreation Club Inc

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$502k (2023)

Expenses
$430k (2023)

Total Assets
$420k (2023)

Total Liabilities
$439k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$501,834
Expenses
$430,440
Net Income
$71,394
Net Assets
-$18,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $435,508
86.8%
Program Services $57,426
11.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,400
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $500
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $420,311
Total Liabilities $438,607
Net Assets -$18,296
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Jay Pearson (President) $0 $0 $0
Mark Kilner (Board Member) $0 $0 $0
Michael Specht (V/P & Treasurer) $0 $0 $0
Ariz Araji (Secretary) $0 $0 $0
Sam De Souza (Board Member) $0 $0 $0
Josh Denney (Board Member) $0 $0 $0

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Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,690
Expenses
$279,910
Net Income
$37,780
Net Assets
-$89,042
Notable Sources of Revenue Percent of Total Revenue
Contributions $254,995
80.3%
Program Services $54,195
17.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,000
2.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $500
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $411,654
Total Liabilities $500,696
Net Assets -$89,042
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
William J Pearson (President) $0 $0 $0
Mark Kilner (Board Member) $0 $0 $0
Michael D Specht (V/P And Treasurer) $0 $0 $0
Ariz Araji (Secretary) $0 $0 $0
Sam Desouza (Board Member) $0 $0 $0
Josh Denney (Board Member) $0 $0 $0

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Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,889
Expenses
$239,802
Net Income
-$4,913
Net Assets
-$126,822
Notable Sources of Revenue Percent of Total Revenue
Contributions $182,735
77.8%
Program Services $52,154
22.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $373,346
Total Liabilities $500,168
Net Assets -$126,822
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
William J Pearson (President) $0 $0 $0
Mark Kilner (Board Member) $0 $0 $0
Amy Stolker (Treasurer) $0 $0 $0
Paul Lemar (Board Member) $0 $0 $0
Aziz Araji (Secretary) $0 $0 $0
Sam De Souza (Board Member) $0 $0 $0
Michael Specht (Vice President) $0 $0 $0
Katina Megas (Board Member) $0 $0 $0
Chris Dromerick (Board Member) $0 $0 $0

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Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,703
Expenses
$191,105
Net Income
-$89,402
Net Assets
-$121,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,640
79.3%
Program Services $21,063
20.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $396,162
Total Liabilities $518,071
Net Assets -$121,909
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Paul Lemar (President) $0 $0 $0
Mark Kilner (Board Member) $0 $0 $0
Amy Stolker (Treasurer) $0 $0 $0
Katina Megas (Board Member) $0 $0 $0
Aziz Araji (Secretary) $0 $0 $0
Sam De Souza (Board Member) $0 $0 $0
Jay Pearson (Vice President) $0 $0 $0
Esther Lee (Board Member) $0 $0 $0
Chris Dromerick (Board Member) $0 $0 $0
Michael Specht (Board Member) $0 $0 $0

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Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,436
Expenses
$249,033
Net Income
-$39,597
Net Assets
-$32,507
Notable Sources of Revenue Percent of Total Revenue
Contributions $169,214
80.8%
Program Services $40,222
19.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $392,426
Total Liabilities $424,933
Net Assets -$32,507
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

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Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,459
Expenses
$232,350
Net Income
-$6,891
Net Assets
$7,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $187,535
83.2%
Program Services $37,924
16.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $518,096
Total Liabilities $511,006
Net Assets $7,090
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

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Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,540
Expenses
$239,602
Net Income
-$1,062
Net Assets
$13,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $199,810
83.8%
Program Services $38,730
16.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $449,318
Total Liabilities $435,337
Net Assets $13,981
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$228,299
Expenses
$235,662
Net Income
-$7,363
Net Assets
$15,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $195,760
85.7%
Program Services $32,539
14.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $420,324
Total Liabilities $405,281
Net Assets $15,043
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,527
Expenses
$236,262
Net Income
-$15,735
Net Assets
$22,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $187,675
85.1%
Program Services $32,852
14.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $462,639
Total Liabilities $440,233
Net Assets $22,406
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$200,377
Expenses
$221,963
Net Income
-$21,586
Net Assets
$38,141
Notable Sources of Revenue Percent of Total Revenue
Contributions $173,178
86.4%
Program Services $27,199
13.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $467,027
Total Liabilities $428,886
Net Assets $38,141
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$197,170
Expenses
$214,401
Net Income
-$17,231
Net Assets
$67,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $170,213
86.3%
Program Services $26,957
13.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $510,165
Total Liabilities $442,283
Net Assets $67,882
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,633
Expenses
$209,590
Net Income
-$6,957
Net Assets
$85,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,633
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $546,329
Total Liabilities $461,216
Net Assets $85,113
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$197,436
Expenses
$196,364
Net Income
$1,072
Net Assets
$92,070
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,436
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $567,021
Total Liabilities $474,951
Net Assets $92,070
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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