Irvine Youth Water Polo Corporation

Organization Overview

Irvine Youth Water Polo Corporation is located in Laguna Niguel, CA. The organization was established in 2007. 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. Irvine Youth Water Polo Corporation 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 12/2021, Irvine Youth Water Polo Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SPECIFIC PURPOSE OF THIS CORPORATION IS FOR WATER POLO INSTRUCTION, PRACTICES, AND TOURNAMENT COMPETITION FOR YOUTHS BETWEEN THE AGES OF SIX AND EIGHTEEN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NATIONAL JUNIOR OLYMPICS. THIS EXEMPT PROGRAM SERVCE COULD BE INCLUDED IN WATER POLO TOURNAMENT COMPETITIONS, BUT DUE TO ITS SIZE, AND NOT HOSTING THIS EVENT ANNUALLY, WE SHOW IT SEPARATELY. IN YEARS WHERE WE DO HOST THIS EVENT FOR USA WATER POLO, THE LAST TIME IN 2019, OUR GROSS INCOME AND EXPENSES BOTH RISE SUBSTANTIALLY. WHEN WE DO NOT HOST THIS EVENT, WE ARE ASKED TO SUPPORT IT, HOWEVER AS THIS EVENT WAS NOT HELD IN 2020 DUE TO THE COVID PANDEMIC, WE SHOWED A NET LOSS FOR THIS YEAR AS WE HAVE CARRYOVER EXPENSES FROM 2019 PAID FOR IN 2020. IN 2021 WE WERE ALLOWED TO HOST THIS EVENT IN A MODIFIED MANNER WITH ONLY CALIFORNIA TEAMS ALLOWED TO PARTICIPATE, AND WE WILL HAVE EXPENSES FOR THIS EVENT CARRIED INTO 2022.


WATER POLO TOURNAMENT COMPETITONS FOR YOUTH AGES 8 TO 18. WE ORGANIZE, ORCHESTRATE, AND OPERATE THE HIGHEST LEVEL OF YOUTH WATER POLO COMPETITION EVENTS. THESE COMPETITIONS PROVIDE A NECESSARY EXPERIENCE OVER AND ABOVE TRAINING AND INSTRUCTION, FOR OUR OWN MEMBERS AS WELL AS OTHER LOCAL, REGIONAL, AND NATIONAL YOUTH ATHLETES. WE HAVE CONSISTENTLY RUN THESE EVENTS YEAR AFTER YEAR. IN ADDITION TO OUR OWN LONG RUNNING LEGACY EVENTS, WE ALSO HOST MAJOR COMPETITIONS FOR USA WATER POLO, THE NATIONAL GOVERNING BODY FOR THE SPORT, AS WELL AS OFFERING EVENT SUPPORT TO OTHER GROUPS TO ELEVATE THE LEVEL OF THEIR EVENTS. NEEDLESS TO SAY, THE COVID PANDEMIC HAS HIT US HARD, AS ONE CAN SEE FROM THE NEGATIVE RETURN FOR 2020, AND IF NOT FOR FEDERAL AND LOCAL GRANTS, AND FEDERAL EIDL LOAN WE WOULD HAVE NEEDED TO SHUT OUR DOORS. IN 2021 WE WERE ABLE TO BEGIN HOSTING EVENTS IN JULY IN ORDER TO RESUME THIS ASPECT OF OUR MISSION AND PROGRAM SERVICE ACCOMPLISHMENTS.


WATER POLO INSTRUCTION AND TRAINING. WE OFFER MONTHLY OR QUARTERLY OPTIONS, AND A 2-WEEK TRIAL FOR THOSE NEW TO THE SPORT IN ORDER TO TEACH SKILLS AND COMPETITION STRATEGY AT THE INTRODUCTORY, BEGINNER, INTERMEDIATE AND ADVANCED LEVELS. WE STRIVE WITH OUR YOUTH ATHLETES TO INSTILL SPORTSMANSHIP AND A POSITIVE TEAMWORK ETHIC ALONG WITH THE IMPORTANCE OF ACADEMICS, WHICH WE HOPE THEY WILL CARRY WITH THEM THROUGHOUT THEIR LIVES. WE ALSO ASSIST OUR MEMBERS WITH MATRICULATION INTO INSTITUTIONS OF HIGHER LEARNING THROUGH EDUCATION OF THE MATRICULATION PROCESS, PROWESS WITHIN THE SPORT, AND EMPHASIS ON THE IMPORTANCE OF ACADEMIC EXCELLENCE. REVENUE SHOWN IN THIS SECTION IS FOR TRAINING AND COMPETITION FEES IN ORDER TO SUPPORT COACHING COSTS OF TRAINING AND COMPETITIONS, AND ENTRY FEES FOR EVENTS. THE NEGATIVE RETURN IN THIS SECTION FOR 2020 IS DUE TO THE COVID PANDEMIC. IN 2021 WE WERE GRADUALLY ALLOWED TO REOPEN, HOWEVER COMBINED WITH ANOTHER NON-PROFIT ENTITY IN ORDER TO SURVIVE.. WE DID GO TO MONTHS OF VIRTUAL TRAINING UNTIL WE COULD GRADUALLY GET BACK TO IN-WATER TRAINING, BUT IN ORDER TO FULLY SUPPORT THIS ASPECT OF OUR MISSION AND PROGRAM SERVICE ACCOMPLISHMENTS WE HAVE COMBINED TRAINING AND COMPETITION EFFORTS WITH ANOTHER 501(C)3 ENTITY, NORTH IRVINE WATER POLO CLUB.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas J Baba
President & CEO
$33,485
Peter Barbrick
Controller
$3,000
Barbara Hinman
Secretary
$0
Victoria Hallam
Director
$0
Marold Kamai
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,416,227
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 $0
Miscellaneous Revenue$0
Total Revenue $1,416,227

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Irvine Youth Water Polo Corporation has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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