Hanover Aquatics Inc
- Assets
- $107.5k
- Revenue
- $521.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Mechanicsville, VA
- Founding
- 09/1996
- Data as of
- 08/2022
- EIN
- 54-1763158
Organization Overview
Hanover Aquatics Inc is located in Mechanicsville, VA. The organization was established in 1996. 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 08/2022, Hanover Aquatics Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover 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 08/2022, Hanover Aquatics Inc generated $521.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $502.4k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: - TO PROVIDE EXCELLENCE IN TRAINING THROUGH PROFESSIONAL COACHING WHERE ALL SWIMMERS HAVE THE OPPORTUNITY TO ACHIEVE THEIR POTENTIAL AND COMPETE AT THEIR HIGHEST LEVEL. - TO DEVELOP DYNAMIC TEAM SPIRIT WHERE ALL SWIMMERS, COACHES AND FAMILIES ENCOURAGE AND SUPPORT EACH OTHER'S GOALS. - TO PROVIDE A PROGRAM THAT BELIEVES IN THE POWER OF TEACHING VALUABLE LIFE LESSONS THROUGH SWIMMING THAT TRANSLATES IN TO HIGH CHARACTER THAT PROMOTES SUCCESSES IN AND OUT OF THE WATER. - TO PROVIDE SAFETY, SUPPORT AND STRENGTH THROUGH THE SPORT OF SWIMMING. VISION: THROUGH THE SPORT OF COMPETITIVE SWIMMING INSTILL DEDICATION, DETERMINATION AND DESIRE FOR A LIFELONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, DYNAMIC TEAM SPIRIT, AND HIGH CHARACTER DEVELOPMENT WITH FAMILY SUPPORT WITH A SAFE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ENVIRONMENT FOR THE SPORT OF COMPETITIVE SWIMMING INSTILL DEDICATION, DETERMINATION AND DESIRE FOR A LIFELONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, DYNAMIC TEAM SPIRIT, AND HIGH CHARACTER DEVELOPMENT WITH FAMILY SUPPORT WITH A SAFE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Hendrickson Coach | Trustee | 3.5 | $57,829 |
Nikki Deal Team Adminis | Trustee | 3.5 | $5,000 |
Anne Marie Blakeney Officer | Officer | 10 | $0 |
Matt Rose Treasurer | Officer | 10 | $0 |
Greg Dillard Vice Preside | Officer | 3.5 | $0 |
Chris Minton President | Officer | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,476 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,295 |
| Total Program Service Revenue | $458,802 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,881 |
| 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. | $62,829 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,911 |
| Payroll taxes | $11,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,857 |
| Office expenses | $5,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,723 |
| Insurance | $5,037 |
| All other expenses | $8,063 |
| Total functional expenses | $502,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,510 |
| Savings and temporary cash investments | $30,000 |
| 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 | $8,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $107,452 |
| 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 | $22,562 |
| Total liabilities | $22,562 |
| Net assets without donor restrictions | $84,890 |
| 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 | $107,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hanover Aquatics Inc has recieved totaling $8,750.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Foundation Colorado Springs, CO PURPOSE: CLUB RELIEF | $8,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |