Usa Swimming Inc
- Assets
- $805.6k
- Revenue
- $473.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Needham, MA
- Founding
- 03/2006
- Data as of
- 08/2022
- EIN
- 31-1102579
Organization Overview
Usa Swimming Inc is located in Needham, MA. The organization was established in 2006. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, USA Swimming Inc employed 3 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 $473.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $407.2k during the year ending 08/2022. While expenses have increased by 0.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION (NESI) IS DEDICATED TO EDUCATING, INSTRUCTING AND TRAINING INDIVIDUALS TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING. NESI PROMOTES SWIMMING FOR THE BENEFIT OF ATHLETES OF ALL AGES AND ABILITIES IN ACCORDANCE WITH THE STANDARDS, RULES, REGULATIONS AND POLICIES OF UNITED STATES SWIMMING, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS THE PRIMARY AMATEUR YOUTH SPORT GOVERNING BODY IN NEW ENGLAND AND PROVIDES TRAINING, EDUCATION, STRUCTURED COMPETITION AND A WEBSITE FOR SWIMMING SPORTS THROUGHOUT THE REGION. ATHLETES, COACHES, OFFICIALS AND CERTAIN NON-ATHLETES ARE SUPPORTED AND AN ANNUAL BANQUET IS HELD TO RECORD AND CELEBRATE THE ACCOMPLSHMENTS IN THE SPORT DURING THE SEASON.
THE ORGANIZATION HOLDS AN ANNUAL BANQUET DESIGNED TO CELEBRATE THE YEAR IN REVIEW AND RECOGNIZE THE ACHIEVEMENTS OF THE CLUB MEMBERS AND OTHER PARTICIPANTS IN TRAINING AND COMPETITION THROUGHOUT THE YEAR. THIS WAS THE FIRST BANQUET HELD POST CV-19.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Healey Carol F Treasurer | Trustee | 3 | $78,756 |
Jeffrey Rhi Representative | Trustee | 2 | $0 |
Eramo Alesandro Representative | Trustee | 2 | $0 |
Russell Betsy Chairman | Trustee | 4 | $0 |
Glass Bill Chairman | Trustee | 2 | $0 |
Sheppard Chris Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $222,062 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,284 |
| Total Program Service Revenue | $255,492 |
| Investment income | $18,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,756 |
| Compensation of current officers, directors, key employees. | $78,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,755 |
| Pension plan accruals and contributions | $3,612 |
| Other employee benefits | $0 |
| Payroll taxes | $11,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $398 |
| Fees for services: Accounting | $8,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,268 |
| Fees for services: Other | $144 |
| Advertising and promotion | $1,257 |
| Office expenses | $1,096 |
| Information technology | $2,903 |
| Royalties | $0 |
| Occupancy | $20,089 |
| Travel | $1,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215 |
| Insurance | $1,370 |
| All other expenses | $66,361 |
| Total functional expenses | $407,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $356,810 |
| 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 | $3,500 |
| Net Land, buildings, and equipment | $4,636 |
| Investments—publicly traded securities | $438,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,509 |
| Total assets | $805,553 |
| Accounts payable and accrued expenses | $3,299 |
| 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 | $9,728 |
| Total liabilities | $13,027 |
| Net assets without donor restrictions | $792,526 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $805,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Aurora Ice Association Inc East Aurora, NY | $3,480,077 | $1,014,399 |
East Coast Conference West Babylon, NY | $1,556,768 | $907,692 |
Connecticut Sports Management Group Inc Middletown, CT | $277,268 | $757,611 |
New England Amateur Skating Foundation Inc Providence, RI | $687,588 | $557,183 |
The Riverside Boat Club Of Cambridge Cambridge, MA | $2,915,123 | $606,845 |