Usa Water Polo Inc
- Assets
- $10.3m
- Revenue
- $13.5m
- Investments
- $10.6k
- Employees
- 324
- Location
- Irvine, CA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 84-1357609
Organization Overview
Usa Water Polo Inc is located in Irvine, CA. The organization was established in 1996. 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, USA Water Polo Inc employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Water Polo 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, USA Water Polo Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. While expenses have increased by 3.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GROW THE SPORT OF WATER POLO THROUGHOUT THE UNITED STATES AND WIN MEDALS IN THE OLYMPIC GAMES, WORLD CHAMPIONSHIPS, AND PAN AMERICAN GAMES.
Describe the Organization's Program Activity:
MEN'S INTERNATIONAL PROGRAM: SUPPORTS USA MEN'S NATIONAL TEAM PROGRAMS, INCLUDING INTERCONTINENTAL TOURNAMENT, HOSTING COMMON TRAINING WITH FOREIGN TEAMS, AND TEAMS TRIPS TO RUSSIA, HUNGARY, ITALY, CANADA AND JAPAN. PROGRAM ALSO SUPPORTS VARIOUS LOWER LEVEL TEAM TRAINING AND INTERNATIONAL TRIPS.
WOMEN'S INTERNATIONAL PROGRAM: SUPPORTS USA WOMEN'S NATIONAL TEAM PROGRAMS, INCLUDING HOSTING COMMON TRAINING WITH FOREIGN TEAMS AND TEAM TRIPS TO NEW ZEALAND, CHINA, CANADA AND RUSSIA. PROGRAM ALSO SUPPORTS VARIOUS LOWER LEVEL TEAM TRAINING AND INTERNATIONAL TRIPS.VARIOUS LOWER LEVEL TEAM TRAINING AND INTERNATIONAL TRIPS.
MEMBERSHIP AND SPORT DEVELOPMENT: SUPPORTS USA WATER POLO MEMBERSHIP PROGRAMS. MEMBERS RECEIVED SPORT ACCIDENT INSURANCE, MEMBERSHIP CARDS, USAWP PUBLICATIONS, AND MAY PARTICIPATE IN USAWP SANCTIONED TOURNAMENTS BASED ON MEMBERSHIP LEVEL.
OTHER PROGRAM SERVICES: SUPPORTS OTHER USA WATER POLO PROGRAMS, INCLUDING THE OLYMPIC HIGH PERFORMANCE PROGRAM. OLYMPIC DEVELOPMENT PROGRAM: APPROXIMATELY 1,700 PARTICIPANTS AGED 11TH GRADE AND YOUNGER TRAINED IN THE PROGRAM. CAMPS HELD NATIONWIDE. NATIONAL TRAINING CENTER: PROMOTE AND SUPPORT THE CONSTRUCTION AND OPERATION OF A WORLD-CLASS NATIONAL TRAINING CENTER FOR PUBLIC AND ELITE TEAM BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Krikorian Women Sr. Te | 40 | $369,061 | |
Christopher Ramsey CEO | Officer | 40 | $353,769 |
Dejan Udovocic Men Sr. Team | 40 | $260,535 | |
John Abdou Chief High P | 40 | $167,267 | |
Scott Aubin Chief Financ | Officer | 40 | $122,869 |
Ryan Cunnane Chief Sport | 40 | $105,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,240,635 |
| Noncash contributions included in lines 1a–1f | $143,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,991,617 |
| Total Program Service Revenue | $7,008,378 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,046 |
| Net Income from Fundraising Events | $152,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $202,090 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,515,429 |
| 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. | $609,383 |
| Compensation of current officers, directors, key employees. | $207,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,385,757 |
| Pension plan accruals and contributions | $249,594 |
| Other employee benefits | $327,432 |
| Payroll taxes | $280,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,024 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540,988 |
| Advertising and promotion | $26,002 |
| Office expenses | $130,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,385 |
| Travel | $1,891,604 |
| 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 | $56,659 |
| Insurance | $1,095,640 |
| All other expenses | $1,429,435 |
| Total functional expenses | $12,188,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,452,489 |
| Savings and temporary cash investments | $125,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $936,189 |
| 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 | $106,959 |
| Net Land, buildings, and equipment | $55,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,596 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $568,200 |
| Total assets | $10,254,562 |
| Accounts payable and accrued expenses | $1,009,223 |
| Grants payable | $0 |
| Deferred revenue | $2,145,025 |
| 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 | $557,300 |
| Total liabilities | $3,711,548 |
| Net assets without donor restrictions | $1,101,947 |
| Net assets with donor restrictions | $5,441,067 |
| 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 | $10,254,562 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Usa Water Polo Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Golub Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $10,461 |
| Earnings | $15 |
| Other Expense | $15 |
| Ending Balance | $10,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |