Lowcountry Aquatic Project Swimming Inc
- Assets
- $2.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johns Island, SC
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 81-4634465
Organization Overview
Lowcountry Aquatic Project Swimming Inc is located in Johns Island, SC. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Aquatic Project 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 12/2020, Lowcountry Aquatic Project Swimming Inc generated $67.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 4 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
2020
Describe the Organization's Program Activity:
Part 3
LOWCOUNTRY AQUATIC PROJECT SWIMMING (LAPS) PROVIDES SWIMMING INSTRUCTION FOR KINDERGARTEN AND FIRST GRADE CHILDREN. DURING 2017, 1,950 CHILDREN PARTICIPATED IN THE PROGRAM. THERE WERE 635 CHILDREN 5 YEARS OF AGE AND UNDER AND 1,315 CHILDREN 6-8 YEARS OLD. OF THE 1,950 CHILDREN INSTRUCTED 93% WERE AFRICAN AMERICAN, 5% HISPANIC, AND 2% OTHER. INSTRUCTION IS PROVIDED AT MARTIN LUTHER KING POOL IN CHARLESTON, SC AND THE DANNY JONES POOL IN NORTH CHARLESTON, SC. DURING THE YEAR THERE ARE 112 DAYS OF INSTRUCTION AT EACH POOL, 160 HOURS PER WEEK FOR 28 WEEKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon O'brien Program Director | 40 | $52,000 | |
Peggy Klimecki Secretary/treasurer | 2 | $0 | |
Joe Rainero Board Member | 1 | $0 | |
Basir Robertson Board Member | 1 | $0 | |
Mark Rutledge Chair | 2 | $0 | |
Robert Bernstein Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,646 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $770 |
| Total Revenue | $67,416 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,000 |
| Professional fees and other payments to independent contractors | $9,503 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,441 |
| Total expenses | $72,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,298 |
| Other assets | $0 |
| Total assets | $2,298 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,298 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lowcountry Aquatic Project Swimming Inc has recieved totaling $19,500.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: MULTIPLE GRANTS AWARDED | $12,000 |
Employees Community Fund Of Boeing-Puget Sound Seattle, WA PURPOSE: PROGRAM SERVICES | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
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 |
New Wave Swim Team Raleigh, NC | $441,489 | $1,106,359 |
Usa Swimming Inc Winston Salem, NC | $1,749,206 | $981,128 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Foxcroft Hills Swim Club Inc Charlotte, NC | $386,758 | $924,613 |
The Chastain Park Athletic Club Inc Atlanta, GA | $522,043 | $805,650 |
Sherwood Swim & Racquet Club Greensboro, NC | $2,834,744 | $740,225 |
Gwinnett Aquatics Inc Atlanta, GA | $499,247 | $547,066 |