Bay Ridge Aquatics Institute Inc
- Assets
- $183.0k
- Revenue
- $369.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 09/2000
- Data as of
- 10/2023
- EIN
- 11-3450266
Organization Overview
Bay Ridge Aquatics Institute Inc is located in Brooklyn, NY. The organization was established in 2000. 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 10/2023, Bay Ridge Aquatics Institute Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Ridge Aquatics Institute 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 10/2023, Bay Ridge Aquatics Institute Inc generated $369.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $281.4k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC SAFETY AND EDUCATION BAY RIDGE AQUATICS INSTITUTE SPONSORS SEVERAL COMMUNITY ACTIVITIES SUCH AS PROVIDING A SAFE AND CLEAN ENVIRONMENT IN WHICH BOTH ADULT AND CHILDREN CAN LEARN TO SWIM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAY RIDGE AQUATICS INSTITUTE INC. SPONSORS SEVERAL COMMUNITY ACTIVITIES SUCH AS PROVIDING A SAFE AND CLEAN ENVIRONMENT IN WHICH BOTH ADULTS AND CHILDREN CAN LEARN TO SWIM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Fiore President | OfficerTrustee | 1 | $0 |
Manfred Fritsch Treasurer | OfficerTrustee | 7 | $27,600 |
Esme Elisson Secretary | OfficerTrustee | 1 | $0 |
Charles Boulbol Vice-President | OfficerTrustee | 1 | $0 |
Joseph Langaman Director | Trustee | 1 | $0 |
Michael Anderson Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $367,913 |
| Investment income | $1,699 |
| 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 | $369,612 |
| 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. | $27,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,774 |
| Payroll taxes | $17,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,985 |
| 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 | $4,051 |
| Information technology | $313 |
| Royalties | $0 |
| Occupancy | $46,853 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,902 |
| All other expenses | $0 |
| Total functional expenses | $281,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,159 |
| Savings and temporary cash investments | $156,828 |
| 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 | $182,987 |
| 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 | $27,500 |
| Other liabilities | $14,940 |
| Total liabilities | $42,440 |
| Net assets without donor restrictions | $140,547 |
| 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 | $182,987 |