Adaptive Aquatics Inc
- Assets
- $451.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilsonville, AL
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 63-1150701
Organization Overview
Adaptive Aquatics Inc is located in Wilsonville, AL. The organization was established in 1996. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adaptive 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 12/2022, Adaptive Aquatics Inc generated $114.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $89.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TEACHING ADAPTIVE WATER-SPORTS TO PERSONS WITH PHYSICAL DISABILITIES.DURING 2022 OVER 100 INDIVIDUALS RECEIVED BENEFIT FROM THE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Watson Trustee | 1 | $0 | |
Steven Thompson Trustee | 1 | $0 | |
Teresa Talbot Trustee | 1 | $0 | |
Connie Sherrod Trustee | 1 | $0 | |
Martha Echols Riley Trustee | 1 | $0 | |
Tracey Boyd Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,628 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $326 |
| Gain or Loss | $7,043 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,062 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $807 |
| Occupancy, rent, utilities, and maintenance | $14,261 |
| Printing, publications, postage, and shipping | $3,052 |
| Other expenses | $70,955 |
| Total expenses | $89,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,715 |
| Other assets | $0 |
| Total assets | $451,034 |
| Total liabilities | $411 |
| Net assets or fund balances | $450,623 |