Beloit Aquatic Team Inc
- Assets
- $25.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 05/1975
- Data as of
- 04/2024
- EIN
- 23-7318816
Organization Overview
Beloit Aquatic Team Inc is located in Beloit, WI. The organization was established in 1975. 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. Beloit Aquatic Team 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 04/2024, Beloit Aquatic Team Inc generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $25.0k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE SWIMMING EXPERIENCE AND COMPETITION FOR TEENAGERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Carabelli Treasurer | 0 | $0 | |
Eric Hargraves President | 0 | $0 | |
Deb Ainsworth Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $500 |
| Membership dues | $29,223 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $615 |
| Total Revenue | $30,344 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,022 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,957 |
| Total expenses | $24,979 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,608 |
| Other assets | $0 |
| Total assets | $25,608 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,608 |