Ypsilanti Otters Swim Club
- Assets
- $90.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-4776607
Organization Overview
Ypsilanti Otters Swim Club is located in Ypsilanti, MI. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ypsilanti Otters Swim Club 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 12/2023, Ypsilanti Otters Swim Club generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $54.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 9 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 Program Activity:
Part 3
WE PROVIDE AFFORDABLE SWIM INSTRUCTION FOR APPROXIMATELY 300 SWIMMERS AGED FROM 2-18 YEARS. THE PROGRAMS RANGE FROM LEARN TO SWIM TO TOP LEVEL USA SWIMMING COMPETITION. WE PROVIDE FINANCIAL ASSISTANCE (REDUCED FEE SCHEDULES) FOR THOSE WHO WOULD OTHERWISE BE UNABLE TO PARTICIPATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devin Fredrickson President | 20 | $0 | |
Lindsey Hatherly-Petiet Treasurer | 10 | $0 | |
Mark Jane Secretary | 2 | $0 | |
Domonique Gleason Usa Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18 |
| Total Program Service Revenue | $0 |
| Membership dues | $60,616 |
| Investment income | $1,590 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,224 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,247 |
| Professional fees and other payments to independent contractors | $3,997 |
| Occupancy, rent, utilities, and maintenance | $3,896 |
| Printing, publications, postage, and shipping | $257 |
| Other expenses | $1,754 |
| Total expenses | $54,151 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,716 |
| Other assets | $0 |
| Total assets | $90,716 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,716 |