Katy Aquatic Team For Youth Inc
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Katy, TX
- Founding
- 08/2001
- Data as of
- 08/2021
- EIN
- 75-2124074
Organization Overview
Katy Aquatic Team For Youth Inc, operating under the name Katy Aquatics, is located in Katy, TX. The organization was established in 2001. 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 08/2021, Katy Aquatics employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katy 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 08/2021, Katy Aquatics generated $1.6m 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 (4.8%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A WORLD-CLASS AQUATICS PROGRAM FOR ALL MEMBERS TO DEVELOP THEIR FULL POTENTIAL AS ATHLETES AND INDIVIDUALS IN A SAFE AND POSITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM TEAM - TO PROVIDE TEACHING AND COACHING INSTRUCTION FOR ALL AGES AND ABILITIES. OUR GOAL AS A SWIM CLUB IS TO DEVELOP THE MINDS AND BODIES FOR FUTURE ATHLETIC TRAINING AND TO ALWAYS STRIVE FOR EXCELLENCE. OUR COACHES ARE MEMBERS OF THE AMERICAN SWIMMING COACHES ASSOCIATION (ASCA) AND ARE EXPERTS IN PROPER BREATHING AND STROKE MECHANICS. DURING THE CURRENT FISCAL YEAR, A MONTHLY AVERAGE OF 373 SWIMMERS WERE ENROLLED IN THIS PROGRAM. DUE TO THE RESTRICTIONS FROM THE COVID-19 PANDEMIC, THERE WERE FEWER MEETS THAN USUAL. WHEN MEETS RESUMED, PARTICIPATION WAS LOWER THAN USUAL, BUT THE NUMBER OF SWIMMERS INVOLVED SHOWED A GRADUAL INCREASE DURING THE FISCAL YEAR. A COVID FEE WAS CHARGED TO COVER ANY ADDITIONAL COSTS CAUSED BY THE INCREASED REQUIREMENTS.
LEARN TO SWIM - THIS PROGRAM AIMS TO TEACH ITS STUDENTS TO SWIM WITHOUT THE STRESS OF COMPETITION. OUR SWIM AMERICA PROGRAM PROVIDES THE OPPORTUNITY FOR ALL AGES AND ABILITIES TO LEARN TO SWIM WITH PROPER TEACHING AND COACHING INSTRUCTION. WATER SAFETY IS AN IMPORTANT COMPONENT OF THE PROGRAM AND REGULAR EVENTS ARE HELD TO EDUCATE THE WHOLE FAMILY ABOUT WATER SAFETY. LEARN TO SWIM GROUP LESSONS WERE CANCELLED FOR MOST OF THE FISCAL YEAR, DUE TO RESTRICTIONS IMPOSED AS A RESULT OF THE COVID-19 PANDEMIC; THESE WERE RESUMED IN JUNE 2021. PRIVATE AND SEMI-PRIVATE LESSONS WERE RESUMED EARLIER BUT ON A VERY LIMITED BASIS. DURING THE CURRENT FISCAL YEAR, A MONTHLY AVERAGE OF 92 SWIMMERS PARTICIPATED IN THE LEARN TO SWIM PROGRAM, WITH 361 LESSONS GIVEN.
SWIM TEAM - TO PROVIDE TEACHING AND COACHING INSTRUCTION FOR ALL AGES AND ABILITIES. OUR GOAL AS A SWIM CLUB IS TO DEVELOP THE MINDS AND BODIES FOR FUTURE ATHLETIC TRAINING AND TO ALWAYS STRIVE FOR EXCELLENCE. OUR COACHES ARE MEMBERS OF THE AMERICAN SWIMMING COACHES ASSOCIATION (ASCA) AND ARE EXPERTS IN PROPER BREATHING AND STROKE MECHANICS. DURING THE CURRENT FISCAL YEAR, A MONTHLY AVERAGE OF 373 SWIMMERS WERE ENROLLED IN THIS PROGRAM. DUE TO THE RESTRICTIONS FROM THE COVID-19 PANDEMIC, THERE WERE FEWER MEETS THAN USUAL. WHEN MEETS RESUMED, PARTICIPATION WAS LOWER THAN USUAL, BUT THE NUMBER OF SWIMMERS INVOLVED SHOWED A GRADUAL INCREASE DURING THE FISCAL YEAR. A COVID FEE WAS CHARGED TO COVER ANY ADDITIONAL COSTS CAUSED BY THE INCREASED REQUIREMENTS.
LEARN TO SWIM - THIS PROGRAM AIMS TO TEACH ITS STUDENTS TO SWIM WITHOUT THE STRESS OF COMPETITION. OUR SWIM AMERICA PROGRAM PROVIDES THE OPPORTUNITY FOR ALL AGES AND ABILITIES TO LEARN TO SWIM WITH PROPER TEACHING AND COACHING INSTRUCTION. WATER SAFETY IS AN IMPORTANT COMPONENT OF THE PROGRAM AND REGULAR EVENTS ARE HELD TO EDUCATE THE WHOLE FAMILY ABOUT WATER SAFETY. LEARN TO SWIM GROUP LESSONS WERE CANCELLED FOR MOST OF THE FISCAL YEAR, DUE TO RESTRICTIONS IMPOSED AS A RESULT OF THE COVID-19 PANDEMIC; THESE WERE RESUMED IN JUNE 2021. PRIVATE AND SEMI-PRIVATE LESSONS WERE RESUMED EARLIER BUT ON A VERY LIMITED BASIS. DURING THE CURRENT FISCAL YEAR, A MONTHLY AVERAGE OF 92 SWIMMERS PARTICIPATED IN THE LEARN TO SWIM PROGRAM, WITH 361 LESSONS GIVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Sandifer Executive Di | Officer | 55 | $104,490 |
Davis Peden Vice Pres Th | OfficerTrustee | 2 | $0 |
Robert Quiroz Treasurer | OfficerTrustee | 2 | $0 |
Atle Bjelland Board Mbr 08 | Trustee | 2 | $0 |
Jane Welborn Secretary Th | OfficerTrustee | 2 | $0 |
Jeremy Fitzjarrell Parliament 0 | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,416 |
| Related organizations | $0 |
| Government grants | $195,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,547 |
| Noncash contributions included in lines 1a–1f | $412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,810 |
| Total Program Service Revenue | $1,331,865 |
| Investment income | $3,115 |
| 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 | $1,613,790 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $101,160 |
| Compensation of current officers, directors, key employees. | $50,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $689,288 |
| Pension plan accruals and contributions | $13,442 |
| Other employee benefits | $98,521 |
| Payroll taxes | $70,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,857 |
| Fees for services: Accounting | $46,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $749 |
| Office expenses | $40,809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,960 |
| Travel | $32,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,525 |
| Insurance | $4,690 |
| All other expenses | $7,610 |
| Total functional expenses | $1,584,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,331 |
| Savings and temporary cash investments | $745,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,085 |
| 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 | $18,411 |
| Net Land, buildings, and equipment | $542,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,164 |
| Total assets | $1,965,760 |
| Accounts payable and accrued expenses | $100,149 |
| Grants payable | $0 |
| Deferred revenue | $87,688 |
| 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 | $200,675 |
| Other liabilities | $0 |
| Total liabilities | $388,512 |
| Net assets without donor restrictions | $1,577,248 |
| 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 | $1,965,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Katy Aquatic Team For Youth Inc has recieved totaling $225.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 03/10/20 | $225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |