Barracuda Swim Association Inc
- Assets
- $13.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-1807290
Organization Overview
Barracuda Swim Association Inc is located in Virginia Beach, VA. The organization was established in 2020. 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. Barracuda Swim Association 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 12/2023, Barracuda Swim Association Inc generated $34.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $33.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO FACILITATE AND MANAGE THE ANNUAL FUNCTIONS OF A COMMUNITY SWIM CLUB PROVIDING SAFE SUMMER SWIM INSTRUCTION AND COMPETITION FOR YOUTH IN VIRGINIA BEACH, VIRGINIA. THE ORGANIZATION HIRES COACHING STAFF, ORGANIZES VOLUNTEERS AND PLANS EVENTS THAT SUPPORT THE FUNCTION OF THIS KIDS SWIM PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Grohe Secretary | 1 | $0 | |
Lauren Reed President | 1 | $0 | |
Taryn Mulcahey Treasurer | 2 | $0 | |
Shawn Greene Vice-Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,943 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,428 |
| Other Revenue | $0 |
| Total Revenue | $34,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,567 |
| Total expenses | $33,562 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,515 |
| Other assets | $0 |
| Total assets | $13,515 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,515 |