Jersey Wahoos Swim Club Inc

Organization Overview

Jersey Wahoos Swim Club Inc is located in Mount Laurel, NJ. The organization was established in 2018. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2020, Jersey Wahoos Swim Club Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jersey Wahoos Swim Club Inc 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 08/2020, Jersey Wahoos Swim Club Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO TEACH AND PROMOTE SWIMMING TO RECREATIONAL AND COMPETITIVE MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

SWIM TEAM MEMBERS PAY CLUB MEMBERSHIP FEES AND SWIM TEAM FEES FOR ORGANIZED SWIM, TEAM PRACTICES, AND HOME/AWAY SWIM MEETS. SWIMMING LESSONS ARE ALSO PROVIDED BY COACHES AND INSTRUCTORS TO MEMBERS OF ALL AGE GROUPS.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Donovan
Executive Director
$114,990
Ted Behm
Vice President
$0
Christopher Derivaux
Treasurer
$0
Bj Kraemer
President
$0
David Mayfield
Secretary
$0
Robert Horvath
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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$911,471
Investment income $1,323
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 $19,075
Miscellaneous Revenue$0
Total Revenue $1,004,294

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