The Chastain Park Athletic Club Inc
- Assets
- $522.0k
- Revenue
- $805.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 77-0593241
Organization Overview
The Chastain Park Athletic Club Inc is located in Atlanta, GA. The organization was established in 2004. 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, Chastain Park Athletic Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chastain Park Athletic Club 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, Chastain Park Athletic Club Inc generated $805.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $678.0k during the year ending 12/2021. 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
PROMOTING AQUATICS,SPORTS AND SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED SWIM TEAMS WITH OVER 650 MEMBERS INCLUDING SUMMER TEAMS AND YEAR-ROUND USA SWIMMING TEAM FOR CHILDREN AND A US MASTERS GROUP FOR ADULTS. PARTNERED WITH DEVELOPMENTAL AND SPECIAL NEEDS PROGRAMS AS WELL AS COMMUNITY SWIM PARTNERSHIP WITH FIVE LOCAL HIGH SCHOOLS AND FIVE MIDDLE SCHOOL SWIM TEAMS.
OPERATED COMMUNITY SWIMMING POOL FOR THE BENEFIT OF THE PUBLIC AND MEMBERS. PARTNERED WITH LEARN TO SWIM PROGRAMS FOR UNDERPRIVILEGED CHILDREN AND LOCAL SUMMER CAMPS.
OFFERED SWIM LESSONS AND CLINICS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim King President | OfficerTrustee | 60 | $132,000 |
Jennifer Klein Secretary | OfficerTrustee | 2 | $0 |
Edward Wiegand Director | Trustee | 2 | $0 |
Joanne Elliot Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phillip Smith Contracting Inc Construction | 12/30/16 | $100,000 |
Sears Pool Management Consultants Inc Vendor-pool Mgmt Svc | 12/30/16 | $94,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,580 |
| Total Program Service Revenue | $681,321 |
| Investment income | $14 |
| 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 | $805,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,122 |
| 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. | $132,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,921 |
| Payroll taxes | $13,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $0 |
| Information technology | $4,734 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $13,929 |
| Insurance | $16,645 |
| All other expenses | $102,313 |
| Total functional expenses | $677,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,879 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $48,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $522,043 |
| 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 | $36,455 |
| Total liabilities | $36,455 |
| Net assets without donor restrictions | $303,800 |
| Net assets with donor restrictions | $181,788 |
| 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 | $522,043 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Chastain Park Athletic Club Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |