Usa Swimming Inc
- Assets
- $396.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Voorheesville, NY
- Founding
- 03/2006
- Data as of
- 08/2023
- EIN
- 14-6037761
Organization Overview
Usa Swimming Inc is located in Voorheesville, NY. The organization was established in 2006. 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 08/2023, USA Swimming Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. USA Swimming 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 08/2023, USA Swimming Inc generated $90.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $91.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ATHLETES ARE OUR FOCUS. PROVIDING OPPORTUNITIES TO SUCCEED IN LIFE THROUGH SWIMMING IS OUR PASSION.
Describe the Organization's Program Activity:
Part 3
PROVIDE FUNDING FOR PROGRAMS, SERVICES AND FEES TO USA SWIMMING FOR INSURANCE, TRAINING AND SAFETY PROGRAMS.
TRAVEL AND RELATED ITEMS FOR MEETS FOR THE ATHLESE SUPPORTING STAFF
PROVIDE TRAVEL ASSISTANCE TO ATHLETES TO REGIONAL AND NATIONAL COMPETITIONS.
AWARDS AND SCHOLARSHIPS PROVIDED TO ATHLETES IN ACCORDANCE WITH PROGRAM GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Faucett Director | 5 | $6,500 | |
Sean Caron Trustee | 2 | $0 | |
Don Lipkin Chairman | 4 | $0 | |
Jerome Adams Director | 2 | $0 | |
Chuck Dunham Director | 2 | $0 | |
Penny Sorbello Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,485 |
| Total Program Service Revenue | $45,741 |
| Membership dues | $0 |
| Investment income | $5,662 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,000 |
| Total Revenue | $90,888 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $62,832 |
| Salaries, other compensation, and employee benefits | $7,306 |
| Professional fees and other payments to independent contractors | $9,752 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $20 |
| Other expenses | $11,644 |
| Total expenses | $91,554 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $396,713 |
| Other assets | $0 |
| Total assets | $396,713 |
| Total liabilities | $0 |
| Net assets or fund balances | $396,713 |