Tennessee Aquatics
- Assets
- $147.8k
- Revenue
- $652.0k
- Investments
- $0.0
- Employees
- 29
- Location
- Knoxville, TN
- Founding
- 04/1995
- Data as of
- 08/2021
- EIN
- 62-1574063
Organization Overview
Tennessee Aquatics is located in Knoxville, TN. The organization was established in 1995. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Tennessee Aquatics employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Aquatics 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 08/2021, Tennessee Aquatics generated $652.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $737.1k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AMATEUR SWIMMING THROUGH TRAINING, DEVELOPMENT, AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER AMATEUR SWIMMING BY PROVIDING AN OPPORTUNITY FOR CHILDREN TO PRACTICE SWIMMING IN A SWIM FACILITY DESIGNED FOR ADVANCED SWIMMING AND COMPETITION AND FOR SWIMMERS TO DEVELOP MORE ADVANCED SWIMMING SKILLS THROUGH EXPERIENCED COACHING. THE ORGANIZATION PROVIDED INSTRUCTION FOR OVER 250 SWIMMERS.
FOSTER AMATEUR SWIMMING PROVIDING A FORUM FOR CHILDREN TO COMPETE IN ORGANIZED SWIMMING COMPETITIONS IN A FIRST CLASS SWIM FACILITY. SWIM MEET COMPETITIONS ATTRACT 300 - 1,000 SWIMMERS DEPENDING ON THE TYPE OF COMPETITION HOSTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Paul Executive Director | OfficerTrustee | 40 | $90,000 |
Angelia Nystrom Secretary/treasurer | OfficerTrustee | 1 | $0 |
Christopher Lambert President | OfficerTrustee | 1 | $0 |
Matt Kredich Member | Trustee | 1 | $0 |
Raellen Simpson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $416,626 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,907 |
| Total Program Service Revenue | $27,666 |
| Investment income | $1 |
| 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 | $652,041 |
| 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 | $422,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,624 |
| Information technology | $6,258 |
| Royalties | $0 |
| Occupancy | $126,943 |
| Travel | $3,918 |
| 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 | $0 |
| Insurance | $6,720 |
| All other expenses | $3,112 |
| Total functional expenses | $737,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,308 |
| Savings and temporary cash investments | $11,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $147,777 |
| Accounts payable and accrued expenses | $81,359 |
| Grants payable | $0 |
| Deferred revenue | $106,737 |
| 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 | $0 |
| Total liabilities | $188,096 |
| Net assets without donor restrictions | -$70,319 |
| Net assets with donor restrictions | $30,000 |
| 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 | $147,777 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Aquatics has recieved totaling $15,681.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Inc Colorado Springs, CO PURPOSE: NT INVESTMENT GRANTS | $15,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Corporation For The Promotion Of Rifle Practice And Firearms Safety Anniston, AL | $317,546,538 | $40,102,940 |
Twg 2021 Birmingham Foundation Birmingham, AL | $1,575,838 | $9,654,976 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Alabama Sports Council Inc Birmingham, AL | $494,111 | $5,878,430 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |
National Junior College Athletic Association Charlotte, NC | $4,854,958 | $4,218,539 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |