Forest Area Swim Team Inc is located in Round Rock, TX. The organization was established in 2005. 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. Forest Area Swim 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 08/2023, Forest Area Swim Team Inc generated $58.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $73.9k during the year ending 08/2023. 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 Program Activity:
Part 3
PROVIDE EDUCATIONAL COMPETITIVE AND RECREATIONAL SWIMMING FOR KIDS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Sepulveda President | 0 | $0 | |
Teresa Howard Treasurer | 0 | $0 | |
Bond Halverson Secretary | 0 | $0 | |
Travis Broughton Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $52,852 |
Membership dues | $0 |
Investment income | $63 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $5,074 |
Other Revenue | $0 |
Total Revenue | $57,989 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $44,650 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $29,226 |
Other expenses | $0 |
Total expenses | $73,876 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $34,973 |
Other assets | $0 |
Total assets | $35,475 |
Total liabilities | $0 |
Net assets or fund balances | $35,475 |