Swarthmore Swim Club
- Assets
- $825.8k
- Revenue
- $404.3k
- Investments
- $0.0
- Employees
- 72
- Location
- Swarthmore, PA
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 23-1517001
Organization Overview
Swarthmore Swim Club is located in Swarthmore, PA. The organization was established in 1957. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Swarthmore Swim Club employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swarthmore Swim Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Swarthmore Swim Club generated $404.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $389.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SWARTHMORE SWIM CLUB IS TO PROVIDE A POSITIVE, SAFE AND CLEAN SUMMER AQUATIC, RECREATIONAL AND SPORTS EXPERIENCE FOR ITS MEMBERS OF ALL AGES AND TO BE A RESPONSIBLE STEWARD OF THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A SWIM CLUB FOR ITS MEMBERS
OPERATE AND MAINTAIN A SWIM CLUB FOR ITS MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 5 | $0 |
Phil Restrepo President | OfficerTrustee | 5 | $0 |
Shannon Elliott Secretary | OfficerTrustee | 5 | $0 |
Tom Runiewicz Treasurer | OfficerTrustee | 10 | $0 |
Jeff Orlando Director | Trustee | 5 | $0 |
John Maccallum Director | Trustee | 5 | $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 | $391,803 |
| Investment income | $808 |
| 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 | $11,734 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,345 |
| 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 | $134,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $711 |
| Office expenses | $3,761 |
| Information technology | $4,201 |
| Royalties | $0 |
| Occupancy | $80,203 |
| Travel | $0 |
| 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 | $60,737 |
| Insurance | $26,490 |
| All other expenses | $53 |
| Total functional expenses | $389,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,281 |
| Savings and temporary cash investments | $619,697 |
| 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 | $140,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $825,773 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $149,900 |
| Net assets without donor restrictions | $394,023 |
| Net assets with donor restrictions | $281,850 |
| 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 | $825,773 |
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South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
North Baltimore Aquatic Club Inc Towson, MD | $609,098 | $1,206,837 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
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