Nashville Aquatic Club
- Assets
- $573.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Nashville, TN
- Founding
- 02/1976
- Data as of
- 12/2019
- EIN
- 62-0678884
Organization Overview
Nashville Aquatic Club is located in Nashville, TN. The organization was established in 1976. 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 12/2021, Nashville Aquatic Club employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Aquatic Club 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 12/2019, Nashville Aquatic Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2019. While expenses have increased by 2.5% 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF ENCOURAGING AND ASSISTING SWIMMERS IN THE PROPER TRAINING AND INSTRUCTION IN AQUATIC SPORTS FOR PARTICIPATION IN AMATEUR SPORTS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED INSTRUCTION FOR OVER 250 AMATEUR SWIMMERS OF VARIOUS AGES AND ABILITIES.
THE ORGANIZATION COMPETED IN VARIOUS COMPETITIONS AT THE LOCAL, REGIONAL, AND NATIONAL LEVEL. THE COMPANY WAS RANKED AS ONE OF THE TOP CLUBS IN THE COUNTRY BY USA SWIMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Morse Vp/head Coach | OfficerTrustee | 60 | $174,545 |
Ashley Blackburn Admin. Director | Officer | 40 | $58,203 |
Laura Turner President | OfficerTrustee | 10 | $0 |
Larry Hayes Director | Trustee | 10 | $0 |
Jay Frien Director | Trustee | 10 | $0 |
Allen Arender Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,734 |
| Investment income | $3,079 |
| 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 | $1,290,870 |
| Statement of Expenses | |
|---|---|
| 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. | $237,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,592 |
| Pension plan accruals and contributions | $13,259 |
| Other employee benefits | $25,213 |
| Payroll taxes | $48,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240 |
| Advertising and promotion | $0 |
| Office expenses | $3,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,200 |
| Travel | $21,274 |
| 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 | $1,721 |
| Insurance | $9,805 |
| All other expenses | $28,444 |
| Total functional expenses | $1,283,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $414,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,723 |
| 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 | $46,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,321 |
| Total assets | $573,153 |
| Accounts payable and accrued expenses | $34,194 |
| Grants payable | $0 |
| Deferred revenue | $19,641 |
| 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 | $97,322 |
| Total liabilities | $151,157 |
| Net assets without donor restrictions | $421,996 |
| 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 |
| Total liabilities and net assets/fund balances | $421,996 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nashville Aquatic Club has recieved totaling $5,140.
| Awarding Organization | Amount |
|---|---|
Shoba Foundation Nashville, TN PURPOSE: DONATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
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 |