Wahoo Aquatic Club Inc
- Assets
- $15.1k
- Revenue
- $463.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 82-2435128
Organization Overview
Wahoo Aquatic Club Inc is located in Charleston, SC. The organization was established in 2019. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Wahoo Aquatic 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, Wahoo Aquatic Club Inc generated $463.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $414.4k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 4 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
TO INSTILL A LIFE-LONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, TEAM UNITY, CHARACTER DEVELOPMENT AND FAMILY SUPPORT WHERE EVERY SWIMMER HAS THE OPPORTUNITY TO ACHIEVE THEIR POTENTIAL AND COMPETE AT THE HIGHEST LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAHOO AQUATIC CLUB IS A YEAR-ROUND SWIM TEAM THAT IS COMMITTED TO THE DEVELOPMENT OF THE WHOLE CHILD. THROUGH HIGHLY ENGAGED COACHES AND A POSITIVE ENVIRONMENT, WE PROVIDE OPPORTUNITY FOR EACH SWIMMER TO REACH HIS OR HER POTENTIAL. AS WITH MANY SPORTS, OUR TEAM WILL FOCUS ON STROKE TECHNIQUE, PHYSICAL READINESS AND MENTAL PREPARATION. BUT THE WAHOO APPROACH WILL ALSO ADDRESS PARALLELS BETWEEN OBSTACLES IN SWIMMING AND THOSE OUTSIDE THE POOL; HOW TO PLAN FOR AND ACHIEVE SUCCESS; AND HOW TO NAVIGATE FAILURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Mettler Board Chariman | OfficerTrustee | 1 | $0 |
Mike Kolwalski Board Member | Trustee | 1 | $0 |
Chandler Shaw Board Member | Trustee | 1 | $0 |
Nicole Schleier 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 | $463,776 |
| Investment income | $20 |
| 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 | $463,796 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,475 |
| 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 | $9,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,460 |
| Travel | $5,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $954 |
| Insurance | $1,030 |
| All other expenses | $7,391 |
| Total functional expenses | $414,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,591 |
| 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 | $2,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,109 |
| Accounts payable and accrued expenses | -$23,558 |
| 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 | -$23,558 |
| Net assets without donor restrictions | $38,667 |
| 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 | $15,109 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wahoo Aquatic Club Inc has recieved totaling $5,614.
| Awarding Organization | Amount |
|---|---|
United Way Worldwide Alexandria, VA PURPOSE: GENERAL CHARITABLE OPERATIONS | $5,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Braves Foundation Inc Atlanta, GA | $5,969,688 | $4,170,883 |
Play Safe Anderson, SC | $517,101 | $2,129,966 |
Tap Cancer Out Inc Fort Mill, SC | $341,988 | $1,748,162 |
Fisher-Crum Foundation Inc Albany, GA | $16,325,649 | $1,999,719 |
Wahoo Aquatic Club Inc Charleston, SC | $15,109 | $463,796 |
South Carolina Alliance Of Ymcas Rock Hill, SC | $94,787 | $317,559 |
Georgia Tennis Foundation Inc Marietta, GA | $867,351 | $342,097 |
Northview Titan Booster Fund & Trust Duluth, GA | $204,656 | $344,735 |
Grimsley Athletics Booster Club Greensboro, NC | $127,729 | $286,262 |
Chattahoochee National Park Conservancy Inc Roswell, GA | $249,529 | $0 |
Hv3 Foundation Southern Pines, NC | $587,743 | $764,482 |
John T Hoggard Athletic Booster Club Wilmington, NC | $146,080 | $254,290 |