Usa Swimming Inc
- Assets
- $1.3m
- Revenue
- $800.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Blue Bell, PA
- Founding
- 03/2006
- Data as of
- 08/2023
- EIN
- 31-1012848
Organization Overview
Usa Swimming Inc is located in Blue Bell, PA. The organization was established in 2006. 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 08/2023, USA Swimming Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. USA Swimming 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 08/2023, USA Swimming Inc generated $800.7k 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 (6.1%) each year. All expenses for the organization totaled $782.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UTILIZE THE SPORT OF SWIMMING TO INSPIRE STRONG LEADERS, BUILD CHARACTER, AND ACHIEVE EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTEDUCATIONALPROGRAMSANDCOMPETITIONSFORTHEBENEFITOF APPROXIMATELY 11,000ATHLETESANDNONATHLETEMEMBERSASWELLAS AN ESTIMATED 18,000AFFECTED FAMILYMEMBERSANDASSOCIATES.
SUPPORT ATHLETE TRAVEL TO NATIONAL, REGIONAL, AND ZONE COMPETITIONS; NONATHLETE TRAVEL TO CONFERENCES AND CONVENTIONS ASSOCIATED WITH THE ORGANIZATION'S PURPOSE; AND CONDUCT LOCAL CLINICS AND WORKSHOPS FOR THE MEMBERS AND THE COMMUNITY.
MAINTAINACENTRALOFFICETOPROVIDEINFORMATIONANDSUPPORTTO VOLUNTEERS AND ATHLETES, IN CONDUCTING PROGRAMS, PUBLISHING HANDBOOKS, NEWSLETTERS,PROGRAMS, AND OTHERCLUBMAILINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Platt Executive Director | Officer | 45 | $129,532 |
Amy Steeves Secretary | Officer | 5 | $38,102 |
John Lyons Treasurer | Officer | 5 | $18,033 |
Kathryn Scheuer General Chair | OfficerTrustee | 10 | $0 |
Larry Schwarz Admin Vice Chair (to 4/25/23) | OfficerTrustee | 15 | $0 |
Samantha Mittman Besnoff Finance Vice Chair | OfficerTrustee | 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 | $811,483 |
| Investment income | $605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,713 |
| 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. | $200,584 |
| Compensation of current officers, directors, key employees. | $92,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,431 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,011 |
| Fees for services: Other | $2,427 |
| Advertising and promotion | $31,938 |
| Office expenses | $30,566 |
| Information technology | $23,682 |
| Royalties | $0 |
| Occupancy | $11,100 |
| Travel | $102,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,641 |
| Insurance | $3,372 |
| All other expenses | $0 |
| Total functional expenses | $782,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,926 |
| Savings and temporary cash investments | $549,128 |
| 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 | $245,750 |
| Investments—publicly traded securities | $509,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,310,016 |
| Accounts payable and accrued expenses | $18,403 |
| Grants payable | $0 |
| Deferred revenue | $4,415 |
| 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 | $0 |
| Total liabilities | $22,818 |
| 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 | $1,287,198 |
| Total liabilities and net assets/fund balances | $1,310,016 |