Stowe Swimmers Foundation Ltd
- Assets
- $4.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Stowe, VT
- Founding
- 11/2000
- Data as of
- 05/2023
- EIN
- 03-0363251
Organization Overview
Stowe Swimmers Foundation Ltd is located in Stowe, VT. The organization was established in 2000. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowe Swimmers Foundation Ltd 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 05/2023, Stowe Swimmers Foundation Ltd generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.3m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SWIMMING POOL IS AVAILABLE TO THE SURROUNDING COMMUNITYFOR 105 HOURS A WEEK THROUGHOUT THE YEAR. IT PROVIDES SWIM LESSONS FOR OVER TEN LEVELS OF SWIMMERS WITH EACH CLASS
GENERALLY MEETING ONCE A WEEK FOR SIX WEEKS. STOWE SWIMMERS FOUNDATION ALSO HAS A SWIM TEAM CONSISTING OF SWIMMERS AGES 6 TO 18. THE FOUNDATION OFFERS BOTH PERSONAL TRAINING AND
OVER 20 GROUP FITNESS CLASSES EACH WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna G Carpenter Director | 0.5 | $0 | |
Brian Huber Director | 0.5 | $0 | |
Jill Boardman Director | 0.5 | $0 | |
Charlotte J Brynn Executive Director | 40 | $128,280 | |
Jeremy Bradley Head Swim Coach | 40 | $81,452 | |
Sean Hunt Customer Service Man | 40 | $69,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $158,646 |
| Interest on Savings | $6,682 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$127 |
| Capital Gain Net Income | $30,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,943 |
| Other Income | $865,571 |
| Total Revenue | $1,033,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,280 |
| Other employee salaries and wages | $341,364 |
| Pension plans, employee benefits | $21,125 |
| Interest | $87 |
| Taxes | $40,838 |
| Depreciation | $220,319 |
| Occupancy | $298,826 |
| Travel, conferences, and meetings | $2,345 |
| Printing and publications | $1,027 |
| Other expenses | $200,589 |
| Total operating and administrative expenses | $1,277,774 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,277,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,734 |
| Savings and temporary cash investments | $17,959 |
| Net Accounts receivable | $23,665 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $1,903 |
| Prepaid expenses and deferred charges | $27,093 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,065,116 |
| Other assets | $0 |
| Total assets | $4,442,470 |
| Accounts payable and accrued expenses | $33,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,530 |
| Total liabilities | $63,645 |