Great Bridge Swim & Racquet Club Inc
501(c)(7)
Only null% goes to programs Thin reserves Growing revenue
Great Bridge Swim & Racquet Club Inc is a 501(c)(7) organization based in Chesapeake, Virginia, registered in 1975, with $276,482 in FY2024 revenue. CharityIndex grades it C.
Po Box 15371, Chesapeake, VA, 23328 EIN 54-0987886 Since 1975
Revenue (FY2024)
$276K
▲ 9.0% vs prior year
Expenses (FY2024)
$203K
Net assets
$12K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Great Bridge Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Great Bridge Swim & Racquet Club Inc: 1 mo reserves · +27% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Great Bridge Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Great Bridge Swim & Racquet Club Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 15371, Chesapeake, VA, 23328
- City
- Chesapeake
- State
- Virginia
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $223K (FY2013) to $276K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $458KNet assets $12K
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$470K
Total liabilities
$458K
Net assets
$12K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $276,482▲9.0% | $202,584▲0.7% | $12,158▲121% | $469,728▲6.8% | 990 |
| 2023 | $253,578▲2.2% | $201,251▼26.7% | -$57,815▲49.2% | $439,987▲3.9% | 990 |
| 2022 | $248,169▲13.5% | $274,384▲16.5% | -$113,711▼25.0% | $423,312▼8.8% | 990 |
| 2021 | $218,724▲72.4% | $235,539▲52.9% | -$90,952▼25.6% | $464,055▼7.0% | 990 |
| 2020 | $126,862▼28.7% | $154,045▼14.6% | -$72,412▼58.6% | $499,242▲9.8% | 990 |
| 2019 | $177,955▲2.7% | $180,345▼0.4% | -$45,661▼4.5% | $454,498▼3.8% | 990 |
| 2018 | $173,262▼4.5% | $181,042▲6.0% | -$43,680▼21.4% | $472,370▼4.5% | 990 |
| 2017 | $181,477▲1.3% | $170,849▼3.5% | -$35,992▲22.9% | $494,517▼0.9% | 990 |
| 2016 | $179,183▼23.1% | $177,050▼16.0% | -$46,701▲4.5% | $499,215▼2.4% | 990 |
| 2015 | $233,087▲12.9% | $210,774▲4.8% | -$48,905▲31.3% | $511,655▼0.3% | 990 |
| 2014 | $206,540▼7.5% | $201,166▼14.6% | -$71,218▲7.0% | $513,073▼1.2% | 990 |
| 2013 | $223,258 | $235,523 | -$76,589 | $519,372 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Great Bridge Swim & Racquet Club Inc a legitimate nonprofit?
- Yes. Great Bridge Swim & Racquet Club Inc is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 54-0987886, based in Chesapeake, Virginia.
- What is Great Bridge Swim & Racquet Club Inc's EIN?
- Great Bridge Swim & Racquet Club Inc's Employer Identification Number (EIN) is 54-0987886.
- How much revenue does Great Bridge Swim & Racquet Club Inc report?
- Great Bridge Swim & Racquet Club Inc reported $276,482 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Great Bridge Swim & Racquet Club Inc have?
- CharityIndex grades Great Bridge Swim & Racquet Club Inc C, based on financial health (reserves and operating margin).
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Data for Great Bridge Swim & Racquet Club Inc (EIN 54-0987886) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.