Dekalb Aquatics Swim Team Incorporated
- Assets
- $149.0k
- Revenue
- $513.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Decatur, GA
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 01-0718987
Organization Overview
Dekalb Aquatics Swim Team Incorporated is located in Decatur, GA. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Dekalb Aquatics Swim Team Incorporated employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dekalb Aquatics Swim Team Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Dekalb Aquatics Swim Team Incorporated generated $513.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $514.8k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UTILIZE SWIMMING AS A TOOL TO MOLD YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS AND WORLD-CLASS ATHLETES. DEKALB AQUATICS SWIM TEAM, INC "DAQ"IS A COMPETITIVE SWIM TEAM, WHICH RECEIVED IT'S DETERMINATION LETTER RECOGNIZING IT AS TAX-EXEMPT UNDER SECTION 501(C) (3)OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED DATED DECEMBER 18, 2001. DAQ IS BASED IN DECATUR, GEORGIA AND CURRENTLY SERVES APPROXIMATELY 220 YOUTH SWIMMERS. DAQ'S PURPOSE IS TO TRAIN STUDENT ATHLETE THROUGH HIGH SCHOOL TO PARTICIPATE IN LOCAL, STATE, REGIONAL, AND NATIONAL SWIMMING COMPETITIONS IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY USA SWIMMING, THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. DAQ IS COMMITTED TO PROVIDING A SAFE ENVIRONMENT FOR ALL PARTICIPANTS WITH ATHLETE PROTECTION POLICIES AND GUIDELINES IN PLACE FOLLOWING USA SWIMMING BEST PRACTICES. IN ADDITION TO THE ABOVE, DAQ'S GOAL IS TO USE SWIMMING AS A TOOL TO MOLD, SUPPORT, AND MENTOR YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. IN SU
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAQ SERVES 231 SWIMMERS. WE HAD TOP 10 STATE QUALIFIERS LAST YEAR, 5 SENIOR STATE QUALIFIERS, 3 STATE CHAMPIONS AND 2 SENIORS WILL SWIM IN COLLEGE.
A SUMMER LEAGUE RECREATIONAL SWIM TEAM GEARED TO INTRODUCE NOVICE SWIMMERS TO THE SPORT OF SWIMMING AND ALLOW ELITE SWIMMERS TO SIMPLY ENJOY THE ESSENCE OF THE SPORT. THE GOAL IS TO PROVIDE EVERY MEMBER AN OPPORTUNITY TO IMPROVE SWIMMING SKILLS AND ACHIEVE SUCCESS. THE TEAM COMPETES IN FIVE REGULAR SEASON MEETS AND THE ASA CHAMPIONSHIP SWIM MEET AT THE END OF JUNE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Wilborn President | OfficerTrustee | 40 | $127,563 |
Johnny Hurt Board Member | Trustee | $0 | |
Angie Peterson Board Member | Trustee | $0 | |
Steve Potter Board Member | Trustee | $0 | |
Nicole Watson Board Member | Trustee | $0 | |
Doris Wiborn Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,975 |
| Total Program Service Revenue | $495,135 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,488 |
| Advertising and promotion | $3,100 |
| Office expenses | $2,068 |
| Information technology | $4,253 |
| Royalties | $0 |
| Occupancy | $46,263 |
| Travel | $20,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,143 |
| All other expenses | $5,453 |
| Total functional expenses | $514,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,669 |
| Total assets | $149,003 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $149,003 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $149,003 |