Dekalb Aquatics Swim Team Incorporated
- Assets
- $170.2k
- Revenue
- $590.4k
- Investments
- $0.0
- Employees
- 14
- Location
- Decatur, GA
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 01-0718987
Organization Overview
Dekalb Aquatics Swim Team Incorporated is located in Decatur, GA. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Dekalb Aquatics Swim Team Incorporated employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dekalb Aquatics Swim Team Incorporated 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 12/2021, Dekalb Aquatics Swim Team Incorporated generated $590.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $471.8k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UTILIZE SWIMMING AS A TOOL TO MOLD YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. DEKALB AQUATICS SWIM TEAM , INC "DAQ"IS A COMPETITIVE SWIM TEAM, WHICH RECEIVED IT'S DETERMINATION LETTER RECOGNIZING IT AS TAX-EXEMPT UNDER SECTION 501(C) (3)OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED DATED DECEMBER 18, 2001. DAQ IS BASED IN DECATUR, GEORGIA AND CURRENTLY SERVES APPROXIMATELY 160 YOUTH SWIMMERS. DAQ'S PURPOSE IS TO TRAIN STUDENT ATHLETE THROUGH HIGH SCHOOL TO PARTICIPATE IN LOCAL, STATE, REGIONAL, AND NATIONAL SWIMMING COMPETITIONS IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY USA SWIMMING, THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. IN ADDITIONS TO THE ABOVE, DAQ'S GOAL IS TO USE SWIMMING AS A TOOL TO MOLD, SUPPORT, AND MENTOR YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. IN SUPPORT OF THAT GOAL, DAQ OFFERS PROGRAMS TO SUIT EVERY AGE (BEGINNING AT AGE 4) AND SKILL LEVEL SO THAT ANY CHILD INTERESTED IN JOINING THE TEAM CAN DO SO. THE TEAM CONTINUES TO ACCOMPLISH I
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UTILIZE SWIMMING AS A TOOL TO MOLD YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. DEKALB AQUATICS SWIM TEAM , INC "DAQ"IS A COMPETITIVE SWIM TEAM, WHICH RECEIVED IT'S DETERMINATION LETTER RECOGNIZING IT AS TAX-EXEMPT UNDER SECTION 501(C) (3)OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED DATED DECEMBER 18, 2001. DAQ IS BASED IN DECATUR, GEORGIA AND CURRENTLY SERVES APPROXIMATELY 160 YOUTH SWIMMERS. DAQ'S PURPOSE IS TO TRAIN STUDENT ATHLETE THROUGH HIGH SCHOOL TO PARTICIPATE IN LOCAL, STATE, REGIONAL, AND NATIONAL SWIMMING COMPETITIONS IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY USA SWIMMING, THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. IN ADDITIONS TO THE ABOVE, DAQ'S GOAL IS TO USE SWIMMING AS A TOOL TO MOLD, SUPPORT, AND MENTOR YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. IN SUPPORT OF THAT GOAL, DAQ OFFERS PROGRAMS TO SUIT EVERY AGE (BEGINNING AT AGE 4) AND SKILL LEVEL SO THAT ANY CHILD INTERESTED IN JOINING THE TEAM CAN DO SO. THE TEAM CONTINUES TO ACCOMPLISH ITS PURPOSE BOTH IN AND OUT OF THE POOL BY TAKING PART IN AND EXCELLING AT LOCAL, REGIONAL, AND NATIONAL COMPETITIONS AND BY REQUIRING AND ASSISTING EVERY TEAM MEMBER TO DEMONSTRATE BEHAVIORAL EXCELLENCE AND ACADEMIC ACHIEVEMENT. DAQ HAS ALSO CONTINUED TO ENCOURAGE GENDER ( 54% FEMALE) AND RACIAL (39% MINORITY) DIVERSITY.
DAQ SERVES 210 SWIMMERS. WE HAD 47 STATE QUALIFIERS 53 LAST YEAR. TOP 12 STATE 14 & UNDER AND SENIOR STATE. NO NATIONAL QUALIFIERS. 3 SENIORS ONE WILL SWIM IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Griffin Board Member | Trustee | $0 | |
Angie Peterson Board Member | Trustee | $0 | |
Johnny Hurt Board Member | Trustee | $0 | |
Nicole Watson Board Member | Trustee | $0 | |
Doris Wilborn Board Member | Trustee | $0 | |
Steve Potter Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,789 |
| Related organizations | $0 |
| Government grants | $76,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,916 |
| Total Program Service Revenue | $485,452 |
| Investment income | $6 |
| 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 | $590,374 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $562 |
| Office expenses | $2,571 |
| Information technology | $48 |
| Royalties | $0 |
| Occupancy | $125,500 |
| 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 | $0 |
| Insurance | $3,509 |
| All other expenses | $13,803 |
| Total functional expenses | $471,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,165 |
| 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 | $170,165 |
| Accounts payable and accrued expenses | $1,096 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,000 |
| 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 | $14,096 |
| Net assets without donor restrictions | $156,069 |
| 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 | $170,165 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dekalb Aquatics Swim Team Incorporated has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Ludacris Foundation East Point, GA PURPOSE: UNRESTRICTED | $10,000 |
Womens Sports Foundation New York, NY PURPOSE: Sports 4 Life Program | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Heartland For Children Inc Bartow, FL | $9,440,569 | $48,626,648 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |