Thunder Inc

Organization Overview

Thunder Inc is located in Collierville, TN. The organization was established in 2010. 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 12/2022, Thunder Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunder 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 12/2022, Thunder Inc generated $392.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $323.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO INSALL THE QUALITIES NECESSARY TO MAKE STUDENT ATHLETES THE LEADERS OF TOMORROW THROUGH AMATEUR SWIM COMPETITIONS. TRAINING SWIMMERS FROM AGE 5- 18 ON LOCAL, STATE & NATIONAL LEVELS. THE TEAM CONSISTS OF APPROXIMATELY 150 MEMBERS WITH APPROXIMATELY 750 YOUTH PARTICIPATING IN SWIMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AMATEUR SWIM TEAM COMPETITIVE SWIMMING AND TRAINING OF SWIMMERS AGES 6-18 WITH COMPETITIONS ON THE LOCAL, STATE AND NATIONAL LEVEL. THE TEAM CONSISTS OF APPROXIMATELY 160 MEMBERS WITH APPROXIMATELY 750 PARTICIPATING IN SWIM EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel C Schultz
Director/coa
$70,000
Amy Mccoy
Treasurer
$0
Pete Naldoza
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$214,535
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$41,330
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$255,865
Total Program Service Revenue$137,479
Investment income $0
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 -$442
Miscellaneous Revenue$0
Total Revenue $392,902

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