Lawrence Swim Team Inc
- Assets
- $23.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 12/2004
- Data as of
- 08/2023
- EIN
- 72-1587038
Organization Overview
Lawrence Swim Team Inc is located in Indianapolis, IN. The organization was established in 2004. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Lawrence Swim Team Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Swim Team 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 08/2023, Lawrence Swim Team Inc generated $173.0k 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 (4.3%) each year. All expenses for the organization totaled $167.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE WATER SAFETY,BASIC SWIMMING INSTRUCTION AND COMPETITIVE SWIMMING INSTRUCTION, AT AGE APPROPRIATE LEVELS, FOR CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3
APPROXIMATELY 100 CHILDREN EDUCATED AND ENGAGED IN SWIMMING ACTIVITIES APPROPRIATE TO THEIR AGE/CAPABILITY TO PROMOTE CONSISTENT EXERCISE, GOOD HEALTH AND A KNOWLEDGE OF COMPETITIVE SWIMMING.
LEARN TO SWIM PROGRAM FOR CHILDREN AND ADULTS TO LEARN WATER SAFETY, TO LEARN PROPER BASIC SWIMMING TECHNIQUE, AND TO GAIN CONFIDENCE IN WATER. OVER 1,000 INSTRUCTION LESSONS DELIVERED TO YOUTH THROUGH THE ORGANIZATION'S LEARN TO SWIM PROGRAM.
MASTERS SWIM PROGRAM, DIRECTED TOWARD ADULT SWIMMERS, TO PROMOTE CONSISTENT EXERCISE, HEALTH AND TO TEACH PROPER TECHNIQUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Franklin President | 20 | $0 | |
Kimberly Peck Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,671 |
| Total Program Service Revenue | $148,651 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,637 |
| Total Revenue | $172,959 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $118,122 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,509 |
| Total expenses | $167,631 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,583 |
| Other assets | $0 |
| Total assets | $23,275 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,275 |