Utah Valley Aquatics Inc
- Assets
- $352.0k
- Revenue
- $400.6k
- Investments
- $0.0
- Employees
- 21
- Location
- Provo, UT
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 72-1589006
Organization Overview
Utah Valley Aquatics Inc is located in Provo, UT. The organization was established in 2005. 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, Utah Valley Aquatics Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Valley 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 12/2021, Utah Valley Aquatics Inc generated $400.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $384.5k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UTAH VALLEY AQUATICS FOSTERS THE DEVELOPMENT OF EACH SWIMMER'S ABILITY, DESIRE, AND DISCIPLINE TO ACHIEVE HIS/HER POTENTIAL IN AND OUT OF THE POOL. THIS IS ACCOMPLISHED BY 1) PROVIDING CONSISTENT AND ENGAGING WORKOUTS AS WELL AS COMPETITIVE OPPORTUNITIES, 2) BUILDING POSITIVE RELATIONSHIPS, 3) HIRING AND RETAINING COACHES WHO GIVE SWIMMERS EVERY OPPORTUNITY TO ACHIEVE EXCELLENCE, AND 4) SETTING AND ACHIEVING GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAUGHT, TRAINED, AND DEVELOPED YOUTH FOR COMPETITIVE SWIMMING. HOSTED COMPETITIVE YOUTH SWIM MEETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Skabelund Treasurer | Trustee | 2 | $37,302 |
Trent Weight President | OfficerTrustee | 2 | $0 |
Mike Jones Secretary | OfficerTrustee | 1 | $0 |
Tina Honey Board Member | Trustee | 1 | $0 |
Heather Riding Board Member | Trustee | 1 | $0 |
Pierre Guzman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $381,807 |
| Investment income | $291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,302 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,893 |
| Advertising and promotion | $0 |
| Office expenses | $943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,023 |
| Travel | $8,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $906 |
| Interest | $0 |
| Payments to affiliates | $32,252 |
| Depreciation, depletion, and amortization | $2,801 |
| Insurance | $1,210 |
| All other expenses | $0 |
| Total functional expenses | $384,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,469 |
| Savings and temporary cash investments | $272,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $351,962 |
| 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 | $351,962 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $351,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Swimming Inc Colorado Springs, CO | $60,604,222 | $36,995,614 |
Pool & Hot Tub Foundation Colorado Springs, CO | $11,049,001 | $5,466,362 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
United States Synchronized Swimming Inc Colorado Springs, CO | $767,815 | $1,651,151 |
Steamboat Training Adaptive Recreational Sports Steamboat Springs, CO | $6,587,580 | $1,502,232 |
Scottsdale Aquatics Club Boosters Inc Scottsdale, AZ | $384,387 | $1,422,740 |
Highlands Ranch Aquatics Club Inc Highlands Ranch, CO | $351,068 | $874,760 |
Grand Canyon Youth Flagstaff, AZ | $1,989,034 | $1,269,297 |
Loveland Swim Club Inc Loveland, CO | $76,767 | $796,023 |
Fort Collins Area Swim Team Fort Collins, CO | $370,611 | $817,877 |
Olympus Aquatics Salt Lake City, UT | $22,936 | $731,235 |
Casper Boat Club Casper, WY | $389,864 | $670,282 |