Express Sports Inc
- Assets
- $146.6k
- Revenue
- $447.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Ewing, NJ
- Founding
- 06/1990
- Data as of
- 09/2021
- EIN
- 22-3035904
Organization Overview
Express Sports Inc is located in Ewing, NJ. The organization was established in 1990. 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 09/2021, Express Sports Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Express Sports 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 09/2021, Express Sports Inc generated $447.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $461.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. 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
SWIM INSTRUCTION & TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPRESS SPORTS, INC. IS A LEARN-TO-SWIM AND COMPETITIVE SWIM TEAM THAT HAS BEEN SERVING THE GREATER TRENTON AREA SINCE 1987. WE PROVIDE A HEALTHY ENVIRONMENT IN WHICH ATHLETES AGES 7-22 CAN DEVELOP LIFE SKILLS, A SENSE OF DISCIPLINE, TIME MANAGEMENT, RESPECT FOR TEAMMATES/COACHES, AND STRIVE TO ACHIEVE THEIR HIGHEST GOALS IN COMPETITIVE SWIMMING. WE CARRY APPROXIMATELY 150 SWIMMERS (PROGRAM MEMBERS) AT ONE TIME, AND WE OFFER A MINIMUM OF 2 HOURS WORTH OF SWIM PRACTICE 340 DAYS PER YEAR. WE HOST FIVE MAJOR SWIM MEETS EVERY YEAR, AT WHICH WE SUPPLY NEARLY 200 VOLUNTEERS FOR A TOTAL OF 11 DAYS. THESE MEETS SERVE THE ENTIRE NEW JERSEY SWIMMING COMMUNITY, AND AVERAGE APPROXIMATELY 1,000 ATHLETES PER EVENT. EXPRESS SPORTS ATHLETES COMPETE ON THE LOCAL, STATE, SECTION, JR. NATIONAL, NATIONAL AND EVEN THE OLYMPIC TRIALS LEVEL. WE HAVE THREE FULL-TIME COACHES/DIRECTORS, AS WELL AS UP TO 6 REGULAR ASSISTANT COACHES ON STAFF TO MANAGE DAILY WORKOUTS AND MENTOR THE MEMBERS AS THEY PROGRESS THROUGH THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Randazzo President/coach | OfficerTrustee | 40 | $31,500 |
Gabriel Randazzo Treasurer | OfficerTrustee | 1.5 | $0 |
Kristine Spike Vice President/coach | OfficerTrustee | 20 | $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 | $400,299 |
| 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 | $446,987 |
| 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. | $50,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,495 |
| Pension plan accruals and contributions | $19,500 |
| Other employee benefits | $1,851 |
| Payroll taxes | $8,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $9,000 |
| Advertising and promotion | $0 |
| Office expenses | $825 |
| Information technology | $698 |
| Royalties | $0 |
| Occupancy | $193,974 |
| Travel | $45,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,155 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $461,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,967 |
| Savings and temporary cash investments | $0 |
| 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 | $61,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170 |
| Total assets | $146,612 |
| 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 | $270,460 |
| Secured mortgages and notes payable | $205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,355 |
| Total liabilities | $425,020 |
| 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 | -$278,408 |
| Total liabilities and net assets/fund balances | $146,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Nomahegan Swim Club Westfield, NJ | $1,955,204 | $1,200,408 |
Usa Swimming Inc Wall, NJ | $576,031 | $866,958 |