Issaquah Swim Team Association
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Issaquah, WA
- Founding
- 12/1994
- Data as of
- 08/2023
- EIN
- 91-1022526
Organization Overview
Issaquah Swim Team Association is located in Issaquah, WA. The organization was established in 1994. 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 08/2023, Issaquah Swim Team Association employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Issaquah Swim Team Association 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 08/2023, Issaquah Swim Team Association generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. While expenses have increased by 5.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A YEAR ROUND COMPETITIVE SWIM TEAM, TRANINIG APPROXIMATELY 300 MEMBERS AGES 6 TO 20.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A YEAR ROUND COMPETITIVE SWIM TEAM. TRAINED OVER 288 YOUNG PEOPLE AGES 6 TO 20.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy D Kearney Head Coach | 40 | $94,789 | |
Mark Magnotti President | Officer | 5 | $0 |
Annie Choi Vice President | Officer | 5 | $0 |
Erin Oneil Secretary | Officer | 5 | $0 |
Roger Lewis Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,499 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,904 |
| Total Program Service Revenue | $1,312,836 |
| Investment income | $21,274 |
| 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 | $1,387,014 |
| 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. | $94,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,955 |
| Payroll taxes | $53,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,462 |
| Fees for services: Accounting | $9,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,554 |
| Fees for services: Other | $27,650 |
| Advertising and promotion | $151 |
| Office expenses | $57,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,652 |
| Insurance | $1,802 |
| All other expenses | $27,660 |
| Total functional expenses | $1,367,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,727 |
| Savings and temporary cash investments | $358,274 |
| 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 | $46,499 |
| Investments—publicly traded securities | $466,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,999 |
| Total assets | $1,243,480 |
| Accounts payable and accrued expenses | $19,587 |
| 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 | $98,304 |
| Total liabilities | $117,891 |
| Net assets without donor restrictions | $1,125,589 |
| 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 | $1,243,480 |