757swim Inc

Organization Overview

757swim Inc is located in Williamsburg, VA. The organization was established in 2015. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, 757swim Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 757swim 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 12/2021, 757swim Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $972.0k during the year ending 12/2021. While expenses have increased by 50.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD CONFIDENCE, CHARACTER AND TEAMWORK IN YOUNG MEN AND WOMEN THROUGH COMPETITIVE SWIMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

APPROX. 200 YOUNG ADULTS BUILD CONFIDENCE, CHARACTER AND TEAMWORK IN COMPETATIVE SWIMMING.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$441,503
Fundraising events$94,571
Related organizations$0
Government grants $89,241
All other contributions, gifts, grants, and similar amounts not included above$160,664
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$785,979
Total Program Service Revenue$358,074
Investment income $43
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 $1,144,096

Grants Recieved

Over the last fiscal year, we have identified 2 grants that 757swim Inc has recieved totaling $10,331.

Awarding OrganizationAmount
Peninsula Community Foundation Of Virginia

Hampton, VA

PURPOSE: GENERAL SUPPORT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$331
View Grant Recipient Profile

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