Mid-Hudson Aquatics Inc
- Assets
- $23.6k
- Revenue
- $188.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Poughkeepsie, NY
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-3097347
Organization Overview
Mid-Hudson Aquatics Inc is located in Poughkeepsie, NY. The organization was established in 2015. 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 12/2023, Mid-Hudson Aquatics Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Hudson Aquatics 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 12/2023, Mid-Hudson Aquatics Inc generated $188.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $180.5k during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ORGANIZATION DEDICATED TO PROMOTE AQUATIC AWARENESS THROUGH TEACHING CONFIDENCE IN WATER SAFETY, LEARN TO SWIM, FITNESS AND COMPETITION WITH AN EMPHASIS ON DIVERSITY AND INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SAFETY AND FITNESS THROUGH SWIM LESSONS AND COMPETITIVE SWIMMING. SWIM LESSONS FOR BABIES STARTING AT 18 MONTHS INCLUDING TODDLERS, TEENAGERS,AND ADULTS. COMPETATIVE SWIMMING WITH A USA SWIMMING SANCTIONED SWIM TEAM WITH YOUTH AGED FOUR TO EIGHTEEN YEARS OF AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Galen Franchek President | Officer | 20 | $25,173 |
John F Berrio Treasurer | Trustee | 20 | $25,132 |
Joseph Zarella Vice-Preside | Officer | 5 | $6,130 |
Julianne Macdonald Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,415 |
| Total Program Service Revenue | $148,005 |
| Investment income | $19 |
| 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 | $188,439 |
| 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. | $56,435 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,228 |
| Advertising and promotion | $0 |
| Office expenses | $3,438 |
| Information technology | $328 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117 |
| Insurance | $1,768 |
| All other expenses | $0 |
| Total functional expenses | $180,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,289 |
| Savings and temporary cash investments | $0 |
| 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 | $360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,649 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $23,649 |
| 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 | $23,649 |