Usa Swimming Inc
- Assets
- $4.8m
- Revenue
- $367.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Rancho Palos Verdes, CA
- Founding
- 03/2006
- Data as of
- 08/2022
- EIN
- 31-1016597
Organization Overview
Usa Swimming Inc is located in Rancho Palos Verdes, CA. 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 08/2022, USA Swimming Inc employed 4 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 08/2022, USA Swimming Inc generated $367.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $658.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 7 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
ALL REVENUES, INCLUDING MEMBERSHIP REGISTRATION AND MEET ENTRY FEES, ARE USED TO FURTHER THE SPORT OF AMATEUR SWIMMING FOR THE REGISTERED INDIVIDUAL AND CLUB MEMBERS OF SOUTHERN CALIFORNIA SWIMMING, INC. AND ITS SUPPORTING NATIONAL ORGANIZATION, UNITED STATES SWIMMING, INC. DURING THE PERIOD SEPTEMBER 1, 2015 TO AUGUST 31, 2016 SOUTHERN CALIFORNIA SWIMMING, INC. JOINED WITH APPROXIMATELY 157 LOCAL MEMBER SWIM CLUBS IN ORGANIZING, SPONSORING AND SANCTIONING APPROXIMATELY 350 SANCTIONED SWIMMING COMPETITIONS INVOLVING 24,182 REGISTERED MEMBERS. MEET ENTRY FORMS AND MEET RESULTS ARE PUBLISHED AND MADE AVAILABLE TO MEMBERS BY SUBSCRIPTION. A SWIM GUIDE MEMBERSHIP DIRECTORY IS ALSO PUBLISHED EACH YEAR AND SOLD TO MEMBERS AT ITS ESTIMATED COST OF PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN CALIFORNIA SWIMMING, INC. IS THE LOCAL (SOUTHERN CALIFORNIA AND SOUTHERN NEVADA) REPRESENTATIVE OF USA SWIMMING. AMOUNTS INCLUDED AS PROGRAM SERVICE EXPENSES REPRESENT THE DIRECT COST OF PROMOTING THE SPORT OF COMPETITIVE AMATEUR SWIMMING, INCLUDING THE PREPARATION OF THE ANNUAL SWIM GUIDE AND SWIM COMPETITION EVENT REGISTRATION INFORMATION PUBLICATIONS. SOUTHERN CALIFORNIA SWIMMING, INC. HAS JOINED WITH 127 LOCAL AFFILIATED SWIM CLUBS, 6 GEOGRAPHIC SECTION ORGANIZATIONS AND 2 LEAGUES IN ORGANIZING, SPONSORING AND SANCTIONING APPROXIMATELY 315 SANCTIONED SWIMMING COMPETITIONS INVOLVING APPROXIMATELY 23,173 REGISTERED MEMBERS. DURING THE PERIOD SEPTEMBER 1, 2021 TO AUGUST 31, 2022 A TOTAL OF $297,034 WAS EXPENDED IN CONNECTION WITH THESE COMPETITIONS; $281,844 IN DIRECT MEET EXPENSES, $15,190 IN TRAVEL ASSISTANCE TO QUALIFYING REGISTERED MEMBER SWIMMERS TRAVELING TO REGIONAL, NATIONAL AND INTERNATIONAL AMATEUR SWIMMING COMPETITIONS; AND $2,319 IN SWIMMING CLINIC AND OTHER SWIMMING-RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Roush Executive Dir. | OfficerTrustee | 40 | $75,104 |
Officers Directors See Attch Stmt | OfficerTrustee | 0 | $17,502 |
Mary Jo Swally Former Executive Director | 40 | $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 | $338,142 |
| Investment income | $76,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,190 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,606 |
| Compensation of current officers, directors, key employees. | $92,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,279 |
| Fees for services: Management | $33,583 |
| Fees for services: Legal | $0 |
| 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 | $9,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,148 |
| 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 | $33 |
| Insurance | $217 |
| All other expenses | $22,212 |
| Total functional expenses | $658,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,123 |
| Savings and temporary cash investments | $197,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,410 |
| 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 | $3,600 |
| Net Land, buildings, and equipment | $147 |
| Investments—publicly traded securities | $3,638,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,200 |
| Total assets | $4,799,133 |
| Accounts payable and accrued expenses | $54,879 |
| 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 | $45,900 |
| Total liabilities | $100,779 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,698,354 |
| 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 | $4,799,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |