Adelphi Recreation Incorporated EIN 52-0691189 Form 990 (PDF) Claim this org

Adelphi Recreation Incorporated FY2023 filing

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Operates a swimming facility offering exercise and recreation for community members. For fiscal year 2023 it reported $995K in revenue, $373K in expenses, and $1.3M in net assets.Pt I

Type
Mutual-benefit / member-serving · Human Services
Location
Adelphi, MD
Website
www.adelphipool.org
Filings
5 on file (2020–2023)
Revenue
$995KFY2023
Expenses
$373K
Net assets
$1.3M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-0691189 Mutual-benefit / member-serving Adelphi, MD
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Operates a swimming facility offering exercise and recreation for community members.
Leadership
Rachel McNamara · President
Money in and out
$995K revenue, $373K expenses
Bottom line
+63% surplus margin
Reported financial activity · FY2023
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $622K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Surplus margin
+63%
revenue over expenses, this year
Program spending
95%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$995K
FY2023▲ +61%
Expenses
$373K
FY2023▼ -16%
Total assets
$1.5M
FY2023▲ +66%
Total liabilities
$191K
FY2023
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$622K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdelphi Recreation Incorporated
EINHdr · item D52-0691189
Principal addressHdr · item CAdelphi, MD
WebsiteHdr · item Jwww.adelphipool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $354K of program spending, described in the organization's own filed words · FY2023.
01

Provide summer water activities to the community

$354Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$982K · 99%
Other revenue$13K · 1%
Program service revenue99%$982K
Other revenue1%$13K
Total revenueLn 12$995K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program services95%$354K
Management & general4%$15K
Fundraising1%$4K
Total functional expensesLn 25$373K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$191K
Total net assetsLn 32$1.3M
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $182K · Operating expenses/yr $373K
5.8 months
Where the money goes
Program services
Program services $354K · Total expenses $373K
95%
Management & General
Management & general $15K · Total expenses $373K
4%
Fundraising
Fundraising $4K · Total expenses $373K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $300K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $995K
0%
Government reliance
Government grants — · Total revenue $995K
Earned-income share
Program service revenue $982K · Total revenue $995K
99%
Investment reliance
Investment income $0 · Total revenue $995K
0%
Program self-sufficiency
Program service revenue $982K · Total expenses $373K
263%
Growth & trend
Revenue growth (YoY)
This year $995K · Prior year $618K
+61%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $995K · Expenses $373K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.3M · Total assets $1.5M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rachel McNamara · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $373K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $373K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Revenue growth 61%
Legal fee ratio 3%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$769K revenue · ⤓ 990 PDF
FY2023$995K revenue · viewing · ⤓ 990 PDF
FY2022$618K revenue · ⤓ 990 PDF
FY2021$513K revenue · ⤓ 990 PDF
FY2020$290K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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