Peak Swimming
- Assets
- $7.5k
- Revenue
- $214.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Saratoga, CA
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-2115706
Organization Overview
Peak Swimming is located in Saratoga, CA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Peak Swimming employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak Swimming 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 12/2022, Peak Swimming generated $214.1k 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 (6.7%) each year. All expenses for the organization totaled $307.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A NATIONALLY RECOGNIZED SWIM PROGRAM THAT NURTURES AND DEVELOPS ELITE SWIMMERS AT ALL LEVELS; EMPHASIZING INDIVIDUAL PROGRESS, TEAM UNITY AND FAMILY PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED YEAR ROUND SWIM TEAM PRACTICE TO THE LOCAL YOUTH COMMUNITY
FAR WESTERN CHAMPIONSHIPS JUNIOR OLYMPICS OUR SWIMMERS BROKE 7 PACIFIC SWIMMING RECORDS IN BOTH RELAYS AND INDIVIDUAL EVENTS. 4 SWIMMERS RANKED TOP 10 IN THE NATION IN THEIR AGE GROPUS PEAK WAS REWARDED AS A BRONZE MEDAL CLUB BY USA SWIMMING
THE SWIMMERS FROM PEAK ATTENDED MANY LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS. PEAK SWIMMERS ACHIEVED OUTSTANDING RESULTS FROM THE FOLLOWING MEETS: NCAA DI, & DII CHAMPIONSHIPS USA SWIMMING FUTURE OF CHAMPIONS CALIFORNIA STATE CHAMPIONSHIPS THE USA SWIMMING JUNIOR NATIONAL CHAMPIONSHIPS THE HUSKY INVITATIONAL USC INVITATIONAL WESTERN ZONE ALL-STARS NACC ALL-STARS
PEAK SWIMMING RANKED 78TH AMONG 200 USA SWIMMING CLUBS IN THE COUNTRY FOR THE CLUB EXCELLENCE PROGRAM BY USA SWIMMING DUE TO ITS "VOLUNTARY PROGRAM . . . TO IDENTIFY AND REWARD UP TO THAT HAVE ATTAINED A HIGH LEVEL OF ATHLETE PERFORMANCE AS WELL AS ORGANIZATIONAL SUCCESS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yihua Li President | OfficerTrustee | 10 | $0 |
Jane Jin Treasurer | OfficerTrustee | 10 | $0 |
Bichun Liu Head Coach | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $213,725 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,119 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $214,119 |
| 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. | $112,504 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,550 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,053 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $307,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$448 |
| 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 | -$106 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,511 |
| 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 | $0 |
| Other liabilities | $199,386 |
| Total liabilities | $199,386 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$191,875 |
| Total liabilities and net assets/fund balances | $7,511 |