Nonprofit · EIN 58-1133626
KINGS COVE RECREATION CLUB INC
Tax-exempt · MARIETTA, GA 30067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $231,696 | $224,432 | $7,264 | $79,565 | $0 | $79,565 |
| December 31, 2023 | 990-EZ | $199,500 | $247,856 | -$48,356 | $72,301 | $0 | $72,301 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $229,482
- Membership dues
- $214,780
- Program service revenue
- $0
- Investment income
- $2,214
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,968
- Accounting fees
- $41
Balance sheet and other
- Total assets, start of year
- $72,301
- Total assets, end of year
- $79,565
- Total liabilities, end of year
- $0
- Net assets, end of year
- $79,565
- Net assets without donor restrictions
- $79,565
- Gross receipts
- $231,696
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1972
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Grasso | President Officer | 1 | $0 |
| Katie Reid | Vice President Officer | 1 | $0 |
| Guy Gaylor | Membership Officer | 1 | $0 |
| Michael Schroth | Treasurer Officer | 1 | $0 |
| Jada Alexis | Secretary Officer | 1 | $0 |
| Elizabeth Burton | Pool Officer | 1 | $0 |
| Ashley Lotz | Tennis Officer | 1 | $0 |
| Rachel Port | Lakes and Lands Chair Officer | 1 | $0 |
| Claire Simmons | Social Chair Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Polosky | Secretary | 0 | $1 |
| Ivar Quindsland | President | 1 | $0 |
| Katie Reid | Vice President | 1 | $0 |
| Guy Gaylor | Membership | 1 | $0 |
| Michael Schroth | Treasurer | 1 | $0 |
| Anthony Provenzano | Pool | 1 | $0 |
| Ashley Lotz | Tennis | 1 | $0 |
| Amy Kessler | Lakes and Lands Chair | 1 | $0 |
| Devika Goel | Social Chair | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4290 COVE ISLAND DR NE, MARIETTA, GA 30067-3612
- Principal officer (990 for 2024)
- Robert Grasso, 4290 Cove Island Dr NE, Marietta, GA 30067
- Signed the 990
- Michael Schroth, Treasurer
- Phone
- (404) 939-5521
- Website
- www.kingscove.net
Mission
Homeowners Association - support of common property areas
Program accomplishments
- Maintenance of HOA Lakes and LandsExpenses $62,241
- Maintenance of HOA PoolExpenses $129,199
- Maintenance of HOA tennis courtsExpenses $1,820
- swim teamExpenses $10,444
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 58-1133626
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $79,565
- Income (IRS master file)
- $231,696
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $231,696 | $224,432 | $79,565 | XML |
| 990-EZ | December 2023 | $199,500 | $247,856 | $72,301 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1133626).
Questions about KINGS COVE RECREATION CLUB INC
- What is the EIN of KINGS COVE RECREATION CLUB INC?
- The employer identification number (EIN) of KINGS COVE RECREATION CLUB INC is 58-1133626.
- Is KINGS COVE RECREATION CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1973.
- Are donations to KINGS COVE RECREATION CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KINGS COVE RECREATION CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KINGS COVE RECREATION CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KINGS COVE RECREATION CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KINGS COVE RECREATION CLUB INC?
- The 990 for the year ended December 31, 2024 names Robert Grasso.
- Who are the officers and directors of KINGS COVE RECREATION CLUB INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does KINGS COVE RECREATION CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $231,696, expenses of $224,432 and total assets of $79,565 at year end.
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