Hinsdale Swim Club
- Assets
- $218.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Hinsdale, IL
- Founding
- 11/1976
- Data as of
- 07/2021
- EIN
- 36-2852081
Organization Overview
Hinsdale Swim Club is located in Hinsdale, IL. The organization was established in 1976. 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 07/2021, Hinsdale Swim Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hinsdale Swim Club 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 07/2021, Hinsdale Swim Club generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.1m during the year ending 07/2021. While expenses have increased by 26.8% per year over the past 6 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
DEDICATED TO THE IMPROVEMENT AND PROGRESS OF COMPETITIVE SWIMMING. HINSDALE SWIM CLUB ASSISTS IN PROVIDING FACILITIES, TRAINING, AND ENCOURAGEMENT FOR BOYS AND GIRLS IN THIS AREA AND FURTHERS INTEREST AND EDUCATION OF CHILDREN AND PARENTS IN COMPETITIVE AQUATIC SPORTS. THE HINSDALE SWIM CLUB ENCOURAGES THE DEVELOPMENT OF GOOD SPORTSMANSHIP, INDIVIDUAL INTEGRITY, AND TEAM PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HINSDALE SWIM CLUB ("HSC") SERVED APPROXIMATELY 350 SWIMMERS IN FY 2021. IN ORDER TO ENSURE OUR SWIMMERS HAD THE RIGHT NUMBER OF OPPORTUNITIES TO COMPETE, OUR CLUB CO-HOSTED 2 MEETS AND HOSTED 6 MEETS, 3 OF WHICH WERE INTRA SQUAD MEETS JUST FOR HSC SWIMMERS. MANY OF THE SHORT COURSE STATE CHAMPIONSHIP MEETS WERE CANCELED, BUT A MORE NORMAL CHAMPIONSHIP MEET SCHEDULE WAS IN PLACE FOR THE LONG COURSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Erdman Head Coach | Trustee | 40 | $93,520 |
Jim Wideikis Vice President | OfficerTrustee | 2 | $0 |
Kristen Frandsen President | OfficerTrustee | 2 | $0 |
Sarah Kirk Secretary | OfficerTrustee | 2 | $0 |
Steve Treadwell Treasurer | OfficerTrustee | 2 | $0 |
Becky Schreiber Registrar | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,710 |
| Related organizations | $0 |
| Government grants | $56,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,800 |
| Total Program Service Revenue | $998,053 |
| Investment income | $323 |
| 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 | $33,230 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,100,426 |
| 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 | $342,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,452 |
| Advertising and promotion | $26,441 |
| Office expenses | $20,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,503 |
| All other expenses | $7,260 |
| Total functional expenses | $1,085,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,444 |
| Savings and temporary cash investments | $103,015 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,459 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $39,933 |
| 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 | $39,933 |
| Net assets without donor restrictions | $178,526 |
| 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 | $218,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hinsdale Swim Club has recieved totaling $123.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $123 |
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 |