Triangle Aquatic Center
- Assets
- $25.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 208
- Location
- Cary, NC
- Founding
- 10/2002
- Data as of
- 08/2023
- EIN
- 14-1839387
Organization Overview
Triangle Aquatic Center is located in Cary, NC. The organization was established in 2002. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Triangle Aquatic Center employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle 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 08/2023, Triangle Aquatic Center generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.6m during the year ending 08/2023. While expenses have increased by 2.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING SWIMMERS FOR LIFELONG SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUATIC SERVICES - TO BUILD AND OPERATE PUBLIC AQUATIC FACILITIES FOR THE HEALTH, SAFETY,RECREATION AND COMPETITION NEEDS OF TRIANGLE CITIZENS AND AQUATIC ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbie Bell Board Member | Trustee | 1 | $0 |
Kevin Chignell Chairman | OfficerTrustee | 3 | $0 |
Michael Curran Past Chairma | OfficerTrustee | 3 | $0 |
Van Fletcher Vice Chairma | OfficerTrustee | 3 | $0 |
Jeff Hensley Board Member | Trustee | 1 | $0 |
Lisa Honaker Board Member | 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 | $529,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,179 |
| Total Program Service Revenue | $3,955,836 |
| Investment income | $42,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,919,219 |
| 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 | $959,049 |
| Pension plan accruals and contributions | $8,587 |
| Other employee benefits | $86,267 |
| Payroll taxes | $135,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,824 |
| Advertising and promotion | $8,369 |
| Office expenses | $16,895 |
| Information technology | $49,147 |
| 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 | $840,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,312 |
| Insurance | $44,457 |
| All other expenses | $107,982 |
| Total functional expenses | $4,596,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,120 |
| Savings and temporary cash investments | $786,250 |
| 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 | $24,201,691 |
| Investments—publicly traded securities | $809,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,827,862 |
| Accounts payable and accrued expenses | $2,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,680,574 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,715,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,685,755 |
| Total liabilities | $19,084,691 |
| Net assets without donor restrictions | $6,743,171 |
| 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 | $25,827,862 |