Roanoke Valley Swimming Inc
- Assets
- $977.0k
- Revenue
- $435.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 04/1988
- Data as of
- 08/2023
- EIN
- 54-1433280
Organization Overview
Roanoke Valley Swimming Inc is located in Roanoke, VA. The organization was established in 1988. 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. Roanoke Valley Swimming 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 08/2023, Roanoke Valley Swimming Inc generated $435.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $417.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. 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
PROVIDE INDOOR SWIMMING PROGRAMS THAT TEACH CHILDREN TO SWIM THROUGH SCHOOL AND AFTER-SCHOOL ACTIVITIES, AND TO PROVIDE THEM WITH THE OPPORTUNITY TO SWIM COMPETITIVELY IN THE ROANOKE VALLEY OF VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TEACH CHILDREN TO SWIM THROUGH SCHOOL AND AFTER-SCHOOL PROGRAMS AND PROVIDE THE OPPORTUNITY TO COMPETITIVELY SWIM IN THE ROANOKE VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Schaff At Large Board Member | Trustee | 1 | $0 |
Jason Kiser President | OfficerTrustee | 5 | $0 |
Becky Davis At Large Board Member | Trustee | 1 | $0 |
Karolina Coulter Secretary | OfficerTrustee | 1 | $0 |
Kristin Baxley Vice President | OfficerTrustee | 1 | $0 |
Julie Moore At Large Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $310,243 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$67,099 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $185,775 |
| Net Income from Sales of Inventory | $6,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,989 |
| 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 | $214,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,623 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,382 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,757 |
| Insurance | $15,977 |
| All other expenses | $0 |
| Total functional expenses | $417,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,129 |
| 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 | $840,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,859 |
| Intangible assets | $0 |
| Other assets | $6,250 |
| Total assets | $976,984 |
| Accounts payable and accrued expenses | $6,519 |
| 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 | $32,948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,435 |
| Total liabilities | $40,902 |
| 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 | $936,082 |
| Total liabilities and net assets/fund balances | $976,984 |