Minot Swim Club Inc
- Assets
- $231.1k
- Revenue
- $334.3k
- Investments
- $0.0
- Employees
- 45
- Location
- Minot, ND
- Founding
- 01/1978
- Data as of
- 08/2022
- EIN
- 45-0342986
Organization Overview
Minot Swim Club Inc is located in Minot, ND. The organization was established in 1978. 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, Minot Swim Club Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minot Swim Club 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, Minot Swim Club Inc generated $334.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $266.2k during the year ending 08/2022. While expenses have increased by 7.2% 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 MINOT SWIM CLUBS MISSION IS TO AFFORD THE YOUTH OF THE COMMUNITY TO LEARN TO SWIM; AND PARTICIPATE IN A WHOLESOME ENVIRONMENT OF COMPETITION TO FOSTER FAIR PLAY AND SPORTSMANSHIP, AND BUILD GOOD HEALTH AND VIGOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINOT SWIM CLUB PROVIDED 800 LESSONS FOR YOUTH OF THE MINOT COMMUNITY, AND SPONSORED 250 YOUTH IN COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Racine Treasurer | Officer | 5 | $0 |
Teresa King Secretary | Officer | 5 | $0 |
Anne Williamson President | Officer | 5 | $0 |
Brad Yoder Vice President | Officer | 5 | $0 |
Kassidy Skjervem Member At Large | Trustee | 5 | $0 |
Vanessa Strandlien Safety Co Ordinator | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,119 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,893 |
| Total Program Service Revenue | $286,434 |
| Investment income | $356 |
| 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 | -$5,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,251 |
| 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 | $154,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $2,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,395 |
| 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 | $3,708 |
| Insurance | $9,463 |
| All other expenses | $47,426 |
| Total functional expenses | $266,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,801 |
| Savings and temporary cash investments | $42,745 |
| 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 | $2,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,146 |
| Accounts payable and accrued expenses | $303 |
| 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 | $0 |
| Total liabilities | $303 |
| 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 | $230,843 |
| Total liabilities and net assets/fund balances | $231,146 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minot Swim Club Inc has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitefish Community Aquatics And Health Center Whitefish, MT | $2,592,588 | $4,004,806 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |
South East Metro Sharks Swim Club Woodbury, MN | $391,727 | $538,632 |
Lake Minnetonka Sailing School Inc Excelsior, MN | $855,340 | $488,054 |
Great Wolf Swim Club Minneapolis, MN | $58,952 | $393,789 |
Minneapolis Rowing Club Minneapolis, MN | $204,268 | $374,336 |
St Croix Swim Club Saint Paul, MN | $134,494 | $377,694 |