Platinum Aquatics
- Assets
- $71.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Temple, TX
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 45-2795907
Organization Overview
Platinum Aquatics is located in Temple, TX. The organization was established in 2013. 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. Platinum Aquatics 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, Platinum Aquatics generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $31.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AN ORGANIZED COMPETITIVE SWIM PROGRAM FOR SWIMMERS OF ALL AGES AND ABILITIES. WE WILL PROMOTE SWIMMING INSTRUCTION, WATER SAFETY, IMPROVE THE PHYSICAL FITNESS OF ATHLETES, AND PROVIDE A POSITIVE PROGRAM WITH THE OPPORTUNITY TO PARTICIPATE IN MEETS, EVENTS, AND TO HAVE FUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Spano Secretary | 30 | $0 | |
Greg Spano President | 30 | $0 | |
Brandi Cleaver Officer | 0.5 | $0 | |
Amanda Muzzy Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,642 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,643 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,404 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,122 |
| Occupancy, rent, utilities, and maintenance | $3,942 |
| Printing, publications, postage, and shipping | $1,252 |
| Other expenses | $13,163 |
| Total expenses | $31,883 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,377 |
| Other assets | $0 |
| Total assets | $71,377 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,377 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Platinum Aquatics has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |