Raleigh Swimming Association
- Assets
- $3.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Raleigh, NC
- Founding
- 06/1982
- Data as of
- 08/2023
- EIN
- 56-1312540
Organization Overview
Raleigh Swimming Association is located in Raleigh, NC. The organization was established in 1982. 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 08/2023, Raleigh Swimming Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Swimming Association 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, Raleigh Swimming Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. While expenses have increased by 10.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AQUATIC PROGRAMMING, INCLUDING AGE GROUP AND SENIOR COMPETITIVE SWIMMING AND LESSONS. PROVIDE OTHER AQUATIC PROGRAMMING TO THE COMMUNITY, INCLUDING FITNESS AND LEARN TO SWIM PROGRAMS FOR PARTICIPANTS AGES 9 MONTHS TO 99 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGE GROUP COMPETITIVE SWIMMING AND SWIMMING INSTRUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Holloway President | OfficerTrustee | 5 | $0 |
Mike Kondratick Board Member | Trustee | 5 | $0 |
Cameron Moccari Board Member | Trustee | 5 | $0 |
Tom Boyle Board Member | Trustee | 5 | $0 |
Andy Landsdowne Board Member | Trustee | 5 | $0 |
Ryan Brumback Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,105,104 |
| Fundraising events | $70,769 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,323,757 |
| Total Program Service Revenue | $722,080 |
| Investment income | $4,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,548 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $380 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,054,775 |
| 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 | $686,741 |
| Pension plan accruals and contributions | $8,823 |
| Other employee benefits | $66,754 |
| Payroll taxes | $52,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,583 |
| Office expenses | $34,001 |
| Information technology | $3,096 |
| Royalties | $0 |
| Occupancy | $454,553 |
| Travel | $78,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $351 |
| Interest | $72,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,863 |
| Insurance | $37,817 |
| All other expenses | $0 |
| Total functional expenses | $2,062,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,760 |
| 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 | $2,406,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,035,978 |
| Accounts payable and accrued expenses | $473 |
| Grants payable | $0 |
| Deferred revenue | $94,711 |
| 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 | $1,735,438 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $172,146 |
| Total liabilities | $2,002,768 |
| Net assets without donor restrictions | $1,033,210 |
| 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 | $3,035,978 |