United States Diving Foundation Inc
- Assets
- $5.1m
- Revenue
- $276.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 31-1153995
Organization Overview
United States Diving Foundation Inc is located in Carmel, IN. The organization was established in 1986. 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. United States Diving Foundation 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 12/2021, United States Diving Foundation Inc generated $276.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $366.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT THE EDUCATIONAL FUNCTIONS OF THE FOUNDATION'S SINGLE MEMBER, USA DIVING, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOCK GRANT IS USED TO SUPPLEMENT THE OPERATING BUDGET OF USA DIVING, INC. THE GRANTS WAS USED FOR PAYROLL AND BENEFITS AND ALSO THE FOR USA DIVING STAFF IN SUPPORTING ROLES FOR THE GENERAL MEMBERSHIP.INCLUDING COMMUNICATIONS AND TRAVEL ARRANGEMENTS FOR ELITE DIVERS, AND COACHES.
THREE CLUB GRANTS: 1. THE WOODLANDS DIVING TEAM 12,691 TO PURCHASE DRYLAND TRAINING EQUIPMENT 2. WINDY CITY DIVING 19,067 PURCHASE DRYLAND DIVING BOARDS 3. CORNERSTONE DIVING 14,523 PURCHASE 3 METER STAND
USA DIVING HIGH DIVE GRANT 29,750 (SPRING) TRAINING AND COMPETITION AND AN ADDITIONAL 28,560 (FALL) TRAINING AND COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Smith President | Officer | 4 | $9,000 |
Michael Whitlock Assistant Tr | Officer | 2 | $8,400 |
Steve Voellmecke Vice Chair | OfficerTrustee | 1 | $0 |
William Walker Chairman | OfficerTrustee | 6 | $0 |
Jared Book Treasurer | OfficerTrustee | 5 | $0 |
Micki King Secretary | OfficerTrustee | 3 | $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 | $26,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,358 |
| Total Program Service Revenue | $0 |
| Investment income | $52,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $304,591 |
| 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. | $17,400 |
| Compensation of current officers, directors, key employees. | $15,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| 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 | $0 |
| Travel | $1,800 |
| 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 | $2,591 |
| All other expenses | $0 |
| Total functional expenses | $366,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,305 |
| Pledges and grants receivable | $271,337 |
| 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 | $2,117 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,808,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,121,199 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $271,337 |
| 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 | $271,337 |
| Net assets without donor restrictions | $3,932,122 |
| Net assets with donor restrictions | $917,740 |
| 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 | $5,121,199 |
Grants Awarded
Over the last fiscal year, United States Diving Foundation Inc has awarded $304,591 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: TRAINING AND EVENTS | $258,310 |
WINDY CITY DIVING PURPOSE: TRAINING AND EVENTS | $19,067 |
CORNERSTONE DIVING CLUB PURPOSE: TRAINING AND EVENTS | $14,523 |
ARMSTRONG SPORTS LLC PURPOSE: TRAINING AND EVENTS | $12,691 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United States Diving Foundation Inc has recieved totaling $615,894.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Nevada Reno, NV PURPOSE: 2021 proposed priorities | $472,394 |
Raymond C Rude Supporting Foundation Reno, NV PURPOSE: Operational support | $143,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Downers Grove Swim And Raquet Club Downers Grove, IL | $1,117,120 | $881,688 |
West Swim Club Inc Willowbrook, IL | $811,668 | $867,248 |
Southeastern Swim Club Incorporated Fishers, IN | $283,230 | $634,562 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |