Belmont Aquatic Team Inc

Organization Overview

Belmont Aquatic Team Inc is located in Belmont, MA. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Aquatic Team Inc 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 08/2022, Belmont Aquatic Team Inc generated $194.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $155.4k during the year ending 08/2022. While expenses have increased by 1.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

COMPETITIVE SWIM TEAM

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE COACHING AND TRAINING IN COMPETITIVE SWIMMING TO APPROXIMATELY 75 CHILDREN FROM 5 TO 21 YEARS FROM SEPTEMBER TO JULY


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Board, Officers & Key Employees

Name (title)Compensation
Derek Ohly
President
$0
John Green
Treasurer
$0
Jing He
Vice President
$0
Michel Ohly
Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$57
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$57
Total Program Service Revenue$193,568
Investment income $471
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 $194,096

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Belmont Aquatic Team Inc has recieved totaling $140.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$140
View Grant Recipient Profile

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