Tyler Swim Academy Inc
- Assets
- $695.2k
- Revenue
- $205.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 12/1972
- Data as of
- 11/2020
- EIN
- 23-7205626
Organization Overview
Tyler Swim Academy Inc, operating under the name East Texas Aquatics, is located in Tyler, TX. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Aquatics 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 11/2020, East Texas Aquatics generated $205.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $213.0k during the year ending 11/2020. While expenses have increased by 10.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH CHILDREN TO SWIM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFANTS, YOUTH AND ADULTS WILL LEARN TO SURVIVE AND THRIVE THROUGH SWIMMING. IT IS OUR MISSION TO SAVE LIVES BY TEACHING THE INFANTS, YOUTH AND ADULTS OF THE EAST TEXAS AREA TO LEARN TO SWIM AND BECOME MORE SKILLED AND EXPERIENCED IN THE LIFE-LONG SPORT OF SWIMMING; TO TEACH AND PROMOTE, THROUGH A COMPETITIVE SWIMMING PROGRAM, TEAMWORK, PHYSICAL FITNESS, GOOD SPORTSMANSHIP, HARD WORK AND DETERMINATION TO REACH A GOAL; AND TO PROVIDE A VENUE FOR THE STUDENTS OF AREA HIGH SCHOOLS AND MIDDLE SCHOOLS TO BE ABLE TO HAVE THE OPPORTUNITY AND PRIDE OF SWIMMING FOR THEIR SCHOOL TEAMS.
TEACH CHILDREN TO SWIM
INFANTS, YOUTH AND ADULTS WILL LEARN TO SURVIVE AND THRIVE THROUGH SWIMMING. IT IS OUR MISSION TO SAVE LIVES BY TEACHING THE INFANTS, YOUTH AND ADULTS OF THE EAST TEXAS AREA TO LEARN TO SWIM AND BECOME MORE SKILLED AND EXPERIENCED IN THE LIFE-LONG SPORT OF SWIMMING; TO TEACH AND PROMOTE, THROUGH A COMPETITIVE SWIMMING PROGRAM, TEAMWORK, PHYSICAL FITNESS, GOOD SPORTSMANSHIP, HARD WORK AND DETERMINATION TO REACH A GOAL; AND TO PROVIDE A VENUE FOR THE STUDENTS OF AREA HIGH SCHOOLS AND MIDDLE SCHOOLS TO BE ABLE TO HAVE THE OPPORTUNITY AND PRIDE OF SWIMMING FOR THEIR SCHOOL TEAMS.
TEACH CHILDREN TO SWIM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Taylor E.d. Coach | Officer | 40 | $17,083 |
Jason Montier Vice Preside | Officer | 1 | $0 |
William Routon President | Officer | 1 | $0 |
Brian Feidan Board Member | Trustee | 1 | $0 |
Nicole Moody Board Member | Trustee | 1 | $0 |
Brenna Roseberry Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,345 |
| Investment income | $7 |
| 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 | $205,496 |
| Statement of Expenses | |
|---|---|
| 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. | $17,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $133 |
| Office expenses | $1,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,196 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,783 |
| Insurance | $8,435 |
| All other expenses | $0 |
| Total functional expenses | $213,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,651 |
| Savings and temporary cash investments | $7,751 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $695,177 |
| 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 | $679,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $679,385 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tyler Swim Academy Inc has recieved totaling $10,394.
| Awarding Organization | Amount |
|---|---|
Global Impact Alexandria, VA PURPOSE: DONOR ADVISED FUNDS | $5,197 |
Global Impact Alexandria, VA PURPOSE: DONOR ADVISED FUNDS | $5,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |