Crimson Tide Aquatics
- Assets
- $100.5k
- Revenue
- $160.1k
- Investments
- $29.8k
- Employees
- 8
- Location
- Tuscaloosa, AL
- Founding
- 12/1988
- Data as of
- 07/2023
- EIN
- 63-0976321
Organization Overview
Crimson Tide Aquatics is located in Tuscaloosa, AL. 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. As of 07/2023, Crimson Tide Aquatics employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crimson Tide 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 07/2023, Crimson Tide Aquatics generated $160.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $151.9k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
TO PROMOTE COMPETITIVE SWIMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CTA TRAINS PEOPLE TO BE COMPETITIVE SWIMMERS CHILDREN FROM AGE 4 TO ADULTS ARE TAUGHT WE OPERATE A YEAR-ROUND CALENDAR SCHEDULE STARTING IN AUGUST OF EACH YEAR 20-65 SWIMMERS ARE CURRENTLY TRAINING UP TO SIX DAYS A WEEK TO SWIM IN VARIOUS SWIM COMPETITIONS SOME SWIMMERS HAVE NATIONALLY RANKED TIMES AND SEVERAL SWIMMERS SWIM IN HIGHLY SELECTIVE MEETS SWIMMERS DEVELOP INTO WELL-DISCIPLINED ATHLETES AND PEOPLE FROM SKILLS THEY LEARN IN OUR PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Seller Member | Officer | 0 | $0 |
Anthony Harris Member | Officer | 0 | $0 |
Rachel Cobia Treasurer | Officer | 0 | $0 |
John Boxmeyer Presidentceo | Officer | 40 | $0 |
Chris Sanders Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,326 |
| 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 | $104,326 |
| Total Program Service Revenue | $55,819 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,145 |
| 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 | $1,078 |
| Compensation of current officers, directors, key employees. | $55,833 |
| Compensation of current officers, directors, key employees. | $55,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,000 |
| Payroll taxes | $6,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $600 |
| Office expenses | $4,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,124 |
| Travel | $14,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,872 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,120 |
| All other expenses | $0 |
| Total functional expenses | $151,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,542 |
| Savings and temporary cash investments | $27,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,544 |
| 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 | $29,759 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,461 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $100,461 |
| Total liabilities and net assets/fund balances | $100,461 |