Usa Swimming Inc
- Assets
- $1.0m
- Revenue
- $634.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Branford, CT
- Founding
- 03/2006
- Data as of
- 08/2019
- EIN
- 74-2277298
Organization Overview
Usa Swimming Inc is located in Branford, CT. The organization was established in 2006. 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 08/2015, USA Swimming Inc employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. USA Swimming 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 08/2019, USA Swimming Inc generated $634.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $573.1k during the year ending 08/2019. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPETITIVE SWIMMING OPPORTUNITIES FOR ALL LEVELS OF AMATEUR SWIMMERS IN CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZONE TEAMS - PROVIDE TRAVEL, MEALS AND EQUIPMENT FOR ATHLETES & COACHES REPRESENTING CONNECTICUT AT THE SPRING AND SUMMER EASTERN ZONE CHAMPIONSHIP MEET
CHAMPIONSHIP MEETS - PROVIDE FACILITIES AND AWARDS FOR THE SHORT COURSE AND LONG COURSE SENIOR AND AGE GROUP CHAMPIONSHIP MEETS
USA SWIMMING MEMBERSHIP DUES
MISCELLANEOUS - PROVIDING TRAVEL, EDUCATIONAL OPPORTUNITIES AND RECOGNITION FOR SWIMMERS IN CONNECTICUT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Lewis General Chair | OfficerTrustee | 15 | $0 |
Sue Lecza Treasurer | OfficerTrustee | 15 | $0 |
David Heller Secretary | OfficerTrustee | 5 | $0 |
Randy Erlenbach Board Of Directors | Trustee | 5 | $0 |
Dave Reilly Board Of Directors | Trustee | 10 | $0 |
Todd Gordon Vice Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,167 |
| Investment income | $8,949 |
| 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 | $634,030 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $91,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $4,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,314 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $573,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,745 |
| Savings and temporary cash investments | $878,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,319 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,033,096 |
| Accounts payable and accrued expenses | $69,434 |
| 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 | $20,500 |
| Total liabilities | $89,934 |
| Net assets without donor restrictions | $943,162 |
| 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 |
| Total liabilities and net assets/fund balances | $943,162 |
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|---|---|---|
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Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
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Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |