Newport Aquatic Center
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 78
- Location
- Newport Beach, CA
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 95-3699894
Organization Overview
Newport Aquatic Center is located in Newport Beach, CA. The organization was established in 1983. 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, Newport Aquatic Center employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Aquatic Center 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, Newport Aquatic Center generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION PROVIDES NON PROFIT SERVICE DEALING WITH FURTHERANCE OF AMATEUR ATHLETES IN THE AQUATIC SPORTS FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JR. ROWING MENS 4+ WINS THE HEAD OF THE CHARLES REGATTA NAC SENT 26 ATHLETES TO THE HEAD OF THE CHARLES REGATTA 2 ATHLETES WERE SELECTED AS U19 TEAM ATHELETES OF THE YEAR MENS VARSITY 8+ PLACED 2ND AND WOMENS VARSITY 8+ PLACED 5TH AT NATIONALS
DRAGON BOAT & WOW : DRAGON BOAT PLACED 3RD AT LA COUNTY BOAT RACE DRAGON BOAT TWO SILVER MEDALS AT THE CASTAIC FRAGON BOAT RACE WOW-6 ENTRIES PLACED AT THE LONG BEACH XMAS REGATTA
OUTRIGGER OPEN MEN, MASTERS WOMEN, OPEN COED ALL PLACED 3RD IN THE CATALINA CROSSING - US CHAMPIONSHIPS
WATERMAN'S ACADEMY NACS WE ARE OCEAN PROGRAM TOOK 18 CANCER PATIENTS AND SURVIVORS TO CATALINA ISLAND FOR A WEEK-LONG WELLNESS CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Collins Director | Trustee | 2 | $0 |
William Grant Vice President | OfficerTrustee | $0 | |
Jonathon Van Cleave Director | Trustee | 2 | $0 |
James Netzer Director | Trustee | 2 | $0 |
Chris Blank President | OfficerTrustee | 2 | $0 |
Linda Hay Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $675,331 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,232 |
| Total Program Service Revenue | $1,019,001 |
| Investment income | $1,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,475 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,140,010 |
| 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. | $108,000 |
| Compensation of current officers, directors, key employees. | $67,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,077,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $1,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,379 |
| Insurance | $0 |
| All other expenses | $745,677 |
| Total functional expenses | $2,242,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,512 |
| 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 | $24,069 |
| Net Land, buildings, and equipment | $1,500,191 |
| Investments—publicly traded securities | $76,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,844,976 |
| Accounts payable and accrued expenses | $163,344 |
| Grants payable | $0 |
| Deferred revenue | $101,910 |
| 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 | $66,692 |
| Total liabilities | $331,946 |
| Net assets without donor restrictions | $1,366,662 |
| Net assets with donor restrictions | $146,368 |
| 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 | $1,844,976 |