Hydra Aquatics Inc
- Assets
- $448.4k
- Revenue
- $458.8k
- Investments
- $0.0
- Employees
- 43
- Location
- Gahanna, OH
- Founding
- Data as of
- 12/2021
- EIN
- 85-2488294
Organization Overview
Hydra Aquatics Inc is located in Gahanna, OH. 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, Hydra Aquatics Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hydra Aquatics 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, Hydra Aquatics Inc generated $458.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.6% each year . All expenses for the organization totaled $350.2k during the year ending 12/2021. 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
A NOT-FOR-PROFIT, AQUATICS PROVIDER IN CENTRAL OHIO EMPOWERING INDIVIDUALS TO BE CHAMPIONS IN AND OUT OF THE WATER. WE FOCUS ON DEVELOPING TECHNIQUE AND LOOK TO INSTILL A HARD-WORKING MENTALITY WITHIN EACH SWIMMER TO HELP ACHIEVE THEIR GOALS IN AND OUT OF THE POOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SWIMMING INSTRUCTION, COACHING, AND WATER SAFETY INSTRUCTION TO CHILDREN AGES 7 TO 18 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Slisher Chair | OfficerTrustee | 2 | $0 |
Scott Basinger Treasurer | OfficerTrustee | 2 | $0 |
Mike Straw Secretary | OfficerTrustee | 2 | $0 |
Jeff Riegler Executive Director | OfficerTrustee | 2 | $0 |
Kristen Zeltman At Large Board Member | Trustee | 2 | $0 |
Matt Braun At Large Board Member | Trustee | 2 | $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 | $74,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,221 |
| Total Program Service Revenue | $384,591 |
| Investment income | $4 |
| 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 | $458,816 |
| 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 | $121,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $254 |
| Office expenses | $61 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,068 |
| Travel | $2,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,753 |
| Insurance | $1,939 |
| All other expenses | $0 |
| Total functional expenses | $350,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,620 |
| 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 | $380,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $448,431 |
| Accounts payable and accrued expenses | $0 |
| 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 | $163,463 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $163,463 |
| Net assets without donor restrictions | $284,968 |
| 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 | $448,431 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hydra Aquatics Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Collegiate Water Polo Association Bridgeport, PA | $228,874 | $712,974 |
Dayton Raiders Facilities Inc Beavercreek, OH | $1,039,430 | $598,004 |
Emmaus Aquatic Club Emmaus, PA | $617,320 | $944,594 |