La Jolla Aquatic Complex Foundation
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 67
- Location
- La Jolla, CA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 33-0897084
Organization Overview
La Jolla Aquatic Complex Foundation is located in La Jolla, CA. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, LA Jolla Aquatic Complex Foundation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Jolla Aquatic Complex Foundation 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, LA Jolla Aquatic Complex Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $950.5k during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO RAISE FUNDS TO HELP COVER THE AQUATIC COMPLEX'S ANNUAL OPERATING EXPENSES AND GROW BOTH THE CAPITAL RESERVE FUND FOR MAJOR MAINTENANCE EXPENDITURES AND THE ENDOWMENT FUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUATIC COMPLEX OPERATION - YEAR ROUND OPERATION OF THE COMMUNITY POOL FOR USE OF THE LA JOLLA COMMUNITY AND THE STUDENTS OF LA JOLLA HIGH SCHOOL AND MUIRLANDS MIDDLE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Olson Secretary | OfficerTrustee | 1 | $0 |
Phillip Dickinson President | OfficerTrustee | 1 | $0 |
Dan Pearl CFO | OfficerTrustee | 1 | $0 |
Masis Kevorkian Director | Trustee | 0.5 | $0 |
Jason Brown Director | Trustee | 0.5 | $0 |
Joe Cavaiola Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,345 |
| Noncash contributions included in lines 1a–1f | $5,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,126 |
| Total Program Service Revenue | $1,036,134 |
| Investment income | $21,456 |
| 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 | $1,663,716 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,135 |
| Payroll taxes | $48,184 |
| Fees for services: Management | $0 |
| 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 | $61,528 |
| Advertising and promotion | $0 |
| Office expenses | $62,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,411 |
| Insurance | $27,650 |
| All other expenses | $16,765 |
| Total functional expenses | $950,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,829,176 |
| 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 | $12,699 |
| Investments—publicly traded securities | $973,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,703 |
| Total assets | $3,084,900 |
| 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 | $2,784 |
| Total liabilities | $2,784 |
| 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 | $3,082,116 |
| Total liabilities and net assets/fund balances | $3,084,900 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that La Jolla Aquatic Complex Foundation has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,000 |
Christian Development Foundation Inc Solana Beach, CA PURPOSE: GENERAL FUND | $5,000 |
Jon And Bobbie Gilbert Family Foundation La Jolla, CA PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
System Management Group San Diego, CA | $174,665,064 | $68,599,184 |
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |