Walnut Creek Aquabears Swim Team
- Assets
- $58.2k
- Revenue
- $442.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Walnut Creek, CA
- Founding
- 12/1969
- Data as of
- 06/2021
- EIN
- 94-1693715
Organization Overview
Walnut Creek Aquabears Swim Team is located in Walnut Creek, CA. The organization was established in 1969. 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 06/2021, Walnut Creek Aquabears Swim Team employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Creek Aquabears Swim 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 06/2021, Walnut Creek Aquabears Swim Team generated $442.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $469.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPETITIVE SWIM INSTRUCTION TO CHILDREN AGES 5 TO 19. INSTRUCTION IS AFTER SCHOOL AND ON WEEKENDS. SWIMMERS COMPETE IN LOCAL, REGIONAL, AND NATIONAL SWIM MEETS. WALNUT CREEK AQUABEARS IS A MEMBER CLUB OF USA SWIMMING, OUR SPORT'S NATIONAL GOVERNING BODY. THE COACHING STAFF IS PAID. ALL OTHER WORK IS PROVIDED BY TEAM PARENTS ON A VOLUNTEER BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALARIES AND RELATED EXPENSES FOR COACHING STAFF, POOL RENTAL, INSURANCE, USA SWIMMING MEMBERSHIP FEES AND OTHER COSTS TO INSTRUCT 150+ SWIMMERS.
COSTS RELATING TO HOSTING LOCAL AND REGIONAL COMPETITIVE SWIM MEETS.
COACH AND SWIMMER EXPENSES FOR TRAVEL TO COMPETE IN LOCAL, REGIONAL, AND NATIONAL COMPETITIONS
OTHER EXPENSES $2,650 ADP PAYROLL FEES $3,542 OFFICE EXPENSES $9,935 GENERAL MISC $317 BANK CREDIT CARD FEES $16,444 TOTAL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Krohn Asst Head Coach | Officer | 40 | $83,160 |
Mike Heaney Head Coach | 40 | $79,380 | |
Russell Mikuni Head Age Group Coach | Officer | 40 | $46,200 |
Richard Millington Emeritus Coach | Officer | 20 | $33,600 |
Open Position Due To Pandemin At Large Volunteer | Officer | 0 | $0 |
Open Position Due To Pandemic At Large Volunteer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $351,819 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,819 |
| Total Program Service Revenue | $8,979 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $442,335 |
| 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. | $190,814 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,799 |
| Payroll taxes | $86,534 |
| 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 | $0 |
| Office expenses | $3,542 |
| Information technology | $317 |
| Royalties | $0 |
| Occupancy | $63,914 |
| Travel | $1,039 |
| 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 | $8,905 |
| All other expenses | $9,935 |
| Total functional expenses | $469,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,194 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,194 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $58,194 |
| 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 | $58,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Walnut Creek Aquabears Swim Team has recieved totaling $6,600.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Inc Discovery Bay, CA PURPOSE: ATHLETE TRAVEL SUPPORT | $6,600 |
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 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |