Kingsport Aquatic Club
- Assets
- $39.4k
- Revenue
- $178.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Carmel, TN
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-2340258
Organization Overview
Kingsport Aquatic Club is located in Mount Carmel, TN. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Kingsport Aquatic 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 12/2022, Kingsport Aquatic Club generated $178.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $175.1k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge E Blasini President | 15 | $0 | |
Nathan D Love Secretary | 5 | $0 | |
Marcel Blasini Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $176,137 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,803 |
| Total Revenue | $178,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,775 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $360 |
| Taxes | $0 |
| Depreciation | $6,314 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126,417 |
| Total operating and administrative expenses | $175,146 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $175,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,162 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,274 |
| Other assets | $0 |
| Total assets | $39,436 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $24,324 |
| Total liabilities | $24,324 |