Santa Clara Swim Club
- Assets
- $1.4m
- Revenue
- $3.0m
- Investments
- $337.8k
- Employees
- 118
- Location
- Santa Clara, CA
- Founding
- 06/1973
- Data as of
- 12/2022
- EIN
- 94-1432138
Organization Overview
Santa Clara Swim Club is located in Santa Clara, CA. The organization was established in 1973. 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 12/2022, Santa Clara Swim Club employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Clara Swim Club 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 12/2022, Santa Clara Swim Club generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE ATHLETES TO PURSUE EXCELLENCE THROUGH THE SPORT OF SWIMMING. TO PROVIDE A FULL SERVICE SWIMMING PROGRAM INCLUDNG A COMPETITIVE PROGRAM AS WELL AS A SWIM SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A FULL SERVICE SWIMMING PROGRAM INCLUDING A COMPETITIVE PROGRAM AS WELL AS A SWIM SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Zacher Head Coach | OfficerTrustee | 3 | $261,667 |
David Meck Coach | 40 | $156,397 | |
Liubov Pohilenco Coach | 40 | $120,546 | |
Tom Ryan Wilcox Operations | 40 | $102,376 | |
Steve Sifferman President | OfficerTrustee | 3 | $0 |
Shibu Ninan Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,546,927 |
| Fundraising events | $90,034 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,636,961 |
| Total Program Service Revenue | $133,415 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $222,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,264 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,008,882 |
| 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. | $261,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,734 |
| Payroll taxes | $569,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,380 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,434 |
| Information technology | $17,524 |
| Royalties | $0 |
| Occupancy | $223,139 |
| Travel | $159,284 |
| 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 | $0 |
| Insurance | $26,610 |
| All other expenses | $42,479 |
| Total functional expenses | $2,594,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,013,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,747 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $337,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,393,559 |
| Accounts payable and accrued expenses | $29,082 |
| 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 | $0 |
| Total liabilities | $29,082 |
| Net assets without donor restrictions | $1,286,477 |
| Net assets with donor restrictions | $78,000 |
| 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 | $1,393,559 |