Innis Arden Swim Club
- Assets
- $1.9m
- Revenue
- $769.1k
- Investments
- $0.0
- Employees
- 45
- Location
- Shoreline, WA
- Founding
- 02/1963
- Data as of
- 12/2021
- EIN
- 91-0699215
Organization Overview
Innis Arden Swim Club is located in Shoreline, WA. The organization was established in 1963. 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, Innis Arden Swim Club employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innis Arden Swim Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Innis Arden Swim Club generated $769.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $534.6k during the year ending 12/2021. While expenses have increased by 13.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WELL BEING OF CHILDREN AND COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN, MAINTAIN AND OPERATE COMMUNITY SWIMMING POOL. POOL IS OPEN 365 DAYS OUT OF THE YEAR. APPROXIMATELY 200 PEOPLE USE THE POOL EACH DAY DURING PEAK SEASON (IE SUMMER) AND APPROXIMATELY 50 PEOPLE USE THE POOL EACH DAY DURING OFF PEAK SEASON.
OWN, MAINTAIN AND OPERATE COMMUNITY SWIMMING POOL. POOL IS OPEN APPROXIMATELY 110 DAYS PER YEAR. APPROXIMATELY 200 PEOPLE USE THE POOL EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Allen Director | Officer | 3 | $0 |
Kasha Barth Vice Preside | Officer | 3 | $0 |
Carrie Mandich Secretary | Officer | 3 | $0 |
Steve Petek Treasurer | Officer | 7 | $0 |
Stacey Pedersen Director | Trustee | 5 | $0 |
Ken Suzuki Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $384,371 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,147 |
| Total Program Service Revenue | $217,082 |
| Investment income | $21 |
| 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 | $9,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $769,141 |
| 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 | $228,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,853 |
| Advertising and promotion | $0 |
| Office expenses | $9,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,161 |
| Insurance | $11,545 |
| All other expenses | $2,306 |
| Total functional expenses | $534,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,006 |
| 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 | $1,571,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,929 |
| Total assets | $1,906,549 |
| Accounts payable and accrued expenses | $4,236 |
| 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 | $723,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,000 |
| Total liabilities | $747,999 |
| 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 | $1,158,550 |
| Total liabilities and net assets/fund balances | $1,906,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Seattle Metropolitan Aquatic Club Smac Seattle, WA | $884,255 | $1,782,098 |
United Catcher Boats Seattle, WA | $475,180 | $1,731,610 |
View Ridge Swim And Tennis Club Inc Seattle, WA | $3,724,944 | $1,441,409 |
Sammamish Rowing Association Redmond, WA | $4,776,054 | $1,351,994 |
Issaquah Swim Team Association Issaquah, WA | $1,210,423 | $1,327,015 |
Lake Oswego Swim Club Lake Oswego, OR | $414,917 | $727,237 |
Arbor Heights Swim Club Inc Seattle, WA | $1,525,580 | $677,128 |
Whitewater Aquatics Management Seattle, WA | $197,555 | $544,677 |
Innis Arden Swim Club Shoreline, WA | $1,906,549 | $769,141 |
Usa Swimming Inc Auburn, WA | $927,564 | $338,583 |