Portsmouth Swim Team
- Assets
- $94.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 03/1991
- Data as of
- 05/2022
- EIN
- 22-3077308
Organization Overview
Portsmouth Swim Team is located in Portsmouth, NH. The organization was established in 1991. 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. Portsmouth Swim Team is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Portsmouth Swim Team generated $669.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (54.4%) each year. All expenses for the organization totaled $2.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (45.4%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED SWIMMING STROKE INSTRUCTION FOR APPROXIMATELY 120CHILDREN RANGING IN AGE FROM 5 TO 18 ALONG WITH THE PROMOTIONOF PHYSICAL FITNESS, COMPETITIVE SPIRIT AND GOOD SPORTSMANSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Lannon President | 2 | $0 | |
Jamie Green Vice President | 2 | $0 | |
Sharon Knorr Secretary | 2 | $0 | |
Zachary Gregg Board Member | 1 | $0 | |
Tina Wilkinson Treasurer | 1 | $0 | |
Mary Mitchell Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $390 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $279 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $669 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,669 |
| Total expenses | $2,669 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,313 |
| Other assets | $0 |
| Total assets | $94,356 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Nantucket Community Sailing Inc Nantucket, MA | $4,938,871 | $779,029 |
Piers Park Sailing Center Inc East Boston, MA | $910,975 | $1,064,918 |
Pleasant Bay Community Boating Inc North Chatham, MA | $4,919,007 | $1,766,472 |
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Cambridge Boat Club Cambridge, MA | $1,664,674 | $711,494 |
Winchester Swim Club Inc South Dartmouth, MA | $1,267,611 | $790,941 |
Medford Boat Club Medford, MA | $684,000 | $575,807 |
Greater Lawrence Community Boating Program Inc Lawrence, MA | $340,881 | $480,989 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |