Houston Synchrostars
- Assets
- $73.9k
- Revenue
- $287.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 04/2018
- Data as of
- 07/2024
- EIN
- 82-2816273
Organization Overview
Houston Synchrostars is located in Sugar Land, TX. The organization was established in 2018. 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. Houston Synchrostars 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 07/2024, Houston Synchrostars generated $287.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $261.3k during the year ending 07/2024. While expenses have increased by 13.8% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARITY. SYNCHRONIZED SWIMMING. THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR SWIMMERS TO LEARN AND PARTICIPATE IN A PROGRAM OF COMPETETIVE SYNCHRONIZED SWIMMING AND TO APPLY A MULTITUDE OF LEARNED SOCIAL AND SPORTS SKILLS AS THEY PURSUE THEIR GOALS AND COMPETE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST & ENCOURAGE YOUNG ATHLETES FROM NOVICE TO ELITE IN A NURTURING, YET DISCIPLINED ENVIRONMENT IN WHICH ATHLETES CAN ACQUIRE THE TECHNICAL, PHYSICAL, SOCIAL, & MENTAL SKILLS REQUIRED FOR THE EXECUTION OF SYNCHRONIZED SWIMMING. HOUSTON SYNCHROSTARS MEDALED AT THE 2023 US JUNIOR OLYMPICS (FIRST GOLD MEDAL IN CLUB HISTORY), JUNIOR & SENIOR US NATIONALS; ACHIEVED CLUB EXCELLENCE LEVEL 2 (OF ONLY 2 CLUBS NATIONWIDE); HOSTED GULF COAST ASSOCIATION MEETS; PARTICIPATED IN THE PANAM AQUATICS ARTISTIC SWIMMING, TEAM USA WORLD CHAMPIONSHIPS IN GREECE. ONE TEAM ATHLETE QUALIFIED INTO THE US JUNIOR NATIONAL TEAM. THE CLUB INSTILLS SELF-DISCIPLINE, GOOD SPORTSMANSHIP, PERSEVERANCE, ENDURANCE, SELF-CONFIDENCE AND TEAMWORK WHICH THEY CAN CARRY THROUGH TO ALL ASPECTS OF THEIR LIVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Zhang Secretary | Officer | 3 | $0 |
Steve Gouthro Fundraising & Marketing Offic | Officer | 5 | $0 |
Yuanqing He President | Officer | 20 | $0 |
Tanuja Talim Vice President | Officer | 15 | $0 |
Huy Hua Treasuer | Officer | 15 | $0 |
Xixi Wang Head Coach | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,724 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,174 |
| Total Program Service Revenue | $157,010 |
| Investment income | $1,788 |
| 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 | $719 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,625 |
| 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 | $0 |
| 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 | $2,295 |
| Fees for services: Lobbying | $16,309 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $285 |
| Office expenses | $1,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,510 |
| Travel | $90,331 |
| 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 | $420 |
| Insurance | $1,039 |
| All other expenses | $7,792 |
| Total functional expenses | $261,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,859 |
| Savings and temporary cash investments | $55,788 |
| 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 | $204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,851 |
| Accounts payable and accrued expenses | $1,088 |
| 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 | $1,088 |
| Net assets without donor restrictions | $0 |
| 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 | $72,763 |
| Total liabilities and net assets/fund balances | $73,851 |