Corvallis Aquatic Team
- Assets
- $235.2k
- Revenue
- $372.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Corvallis, OR
- Founding
- 03/1985
- Data as of
- 08/2021
- EIN
- 93-0748812
Organization Overview
Corvallis Aquatic Team is located in Corvallis, OR. The organization was established in 1985. 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 08/2021, Corvallis Aquatic Team employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corvallis Aquatic Team 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 08/2021, Corvallis Aquatic Team generated $372.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $302.8k during the year ending 08/2021. 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
THE CORVALLIS AQUATIC TEAM (CAT) IS A COMPETITIVE SWIM TEAM OFFERING YEAR-ROUND INSTRUCTION, TRAINING, AND OPPORTUNITIES FOR COMPETITION TO WILLAMETTE VALLEY ATHLETES OF ALL AGES, ABILITIES, AND INTEREST LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORVALLIS AQUATIC TEAM PROVIDED YEAR-ROUND INSTRUCTION AND COMPETITIVE SWIMMING OPPORTUNITIES FOR 170 YOUTH SWIMMERS AND 50 MASTERS SWIMMERS.
CORVALLIS AQUATIC TEAM PROVIDED YEAR-ROUND INSTRUCTION AND COMPETITIVE SWIMMING OPPORTUNITIES FOR 170 YOUTH SWIMMERS AND 50 MASTERS SWIMMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Guenther Head Coach | OfficerTrustee | 40 | $70,405 |
Brandon Shreeve Head Age Group Coach | Officer | 17 | $17,182 |
Rhonda Soule Business Manager | Officer | 15 | $15,000 |
Karen Edwards President | OfficerTrustee | 1 | $0 |
Josh Hall President Elect | OfficerTrustee | 1 | $0 |
Cressa Campos Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,974 |
| Related organizations | $0 |
| Government grants | $64,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,432 |
| Total Program Service Revenue | $239,408 |
| Investment income | $11,636 |
| 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 | $372,476 |
| 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 | $84,498 |
| Compensation of current officers, directors, key employees. | $152,120 |
| Compensation of current officers, directors, key employees. | $84,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,475 |
| Payroll taxes | $15,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $2,988 |
| Information technology | $4,366 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,092 |
| Insurance | $1,996 |
| All other expenses | $0 |
| Total functional expenses | $302,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,550 |
| Savings and temporary cash investments | $140,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,827 |
| 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 | $4,309 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,177 |
| Accounts payable and accrued expenses | $63,712 |
| Grants payable | $0 |
| Deferred revenue | $608 |
| 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 | $0 |
| Total liabilities | $64,320 |
| Net assets without donor restrictions | $26,120 |
| Net assets with donor restrictions | $144,737 |
| 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 | $235,177 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corvallis Aquatic Team has recieved totaling $238.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $238 |
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 |
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |