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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas J Baba President & CEO | Officer | 0 | $33,485 |
Peter Barbrick Controller | Trustee | 0 | $3,000 |
Barbara Hinman Secretary | Officer | 0 | $0 |
Victoria Hallam Director | Trustee | 0 | $0 |
Marold Kamai Director | Trustee | 0 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $36,485 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,400 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $9,456 |
Information technology | $34,550 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $7,550 |
Total functional expenses | $1,095,599 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $323,174 |
Savings and temporary cash investments | $2,658 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $325,832 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $149,900 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $149,900 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $175,932 |
Total liabilities and net assets/fund balances | $325,832 |
Over the last fiscal year, we have identified 1 grants that Irvine Youth Water Polo Corporation has recieved totaling $5.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |