The information for West Nyack Swim Club Inc is as of the organization's most recent filing in December 2019. This organization is located in West Nyack, NY. It has been in existence for 10 years, following its founding in 2009.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The West Nyack Swim Club Inc's NTEE code is N67. The "N" tells us that the organization is classified along with Recreation & Sports. The "67" tells us that the organization is a Swimming & Other Water Recreation organization. The NTEE describes Swimming & Other Water Recreation organizations as those that provide opportunities for people to learn and become competitive in swimming, diving, snorkeling, surfing, water skiing, water polo, boating, white water rafting and other water sports. Coaching, access to a swimming pool or other facilities, sports equipment, and officials for competitions are generally included.
Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of the West Nyack Swim Club Inc is to encourage its members to participate in athletics, sports, and recreation activities.
The organization operates and maintains a clubhouse, swimming pool, varied sports facilities, and grounds for the benefit of its members. Through the general fund, it reports all revenues, support, and functional expenses associated with this activity which are not reported elsewhere.
West Nyack Swim Club Inc is run by John Coyle, who is the President. The organization has 76 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
The West Nyack Swim Club Inc is well-governed, with four voting members and four independent members. The organization does not have any potential conflicts of interest, and the board meetings are documented. Unfortunately, the committee meetings are not documented and the organization does not have a conflict of interest policy or a document retention policy. The organization also does not substantiate or review leadership or officer salaries. However, the organization does have a written whistleblower policy, and provides copies of the 990 to the board prior to filing. Overall, the West Nyack Swim Club Inc is well-governed, though there are some areas that could be improved.
Based on the financial data for the West Nyack Swim Club Inc, it appears that the organization has overall decreased in size over the time period from 2016 to 2019. While program service revenue increased, contributions and grants received, other revenue, and employee salaries all decreased. Additionally, total revenue and total expenses also decreased, indicating that the organization may have experienced a decrease in overall financial performance.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Cole Vice President | OfficerTrustee | 2 | $0 |
Andrew Trust President | OfficerTrustee | 2 | $0 |
Jeremy Goldstein Treasurer | OfficerTrustee | 2 | $0 |
Randi Pepe Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $888,711 |
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 | $888,711 |
Total Program Service Revenue | $43,553 |
Investment income | $193 |
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 | $934,252 |
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 | $281,043 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $25,716 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,546 |
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 | $2,767 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,926 |
Insurance | $39,812 |
All other expenses | $43,102 |
Total functional expenses | $698,296 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,625 |
Savings and temporary cash investments | $577,635 |
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 | $583,289 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,181,549 |
Accounts payable and accrued expenses | $3,546 |
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 | $136,823 |
Total liabilities | $140,369 |
Net assets without donor restrictions | $1,041,180 |
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 | $1,181,549 |
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