Strattonwood Swimming Club
- Assets
- $569.7k
- Revenue
- $284.9k
- Investments
- $0.0
- Employees
- 32
- Location
- Redmond, WA
- Founding
- 05/1970
- Data as of
- 12/2022
- EIN
- 23-7063757
Organization Overview
Strattonwood Swimming Club is located in Redmond, WA. The organization was established in 1970. 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 12/2022, Strattonwood Swimming Club employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strattonwood Swimming Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Strattonwood Swimming Club generated $284.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $233.9k during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRATTONWOOD SWIM CLUB IS DEDICATED TO THE PROMOTION OF SWIMMING AS RECREATION AND FITNESS FOR THE LIFESPAN. STRATTONWOOD SWIM CLUB IS OPERATED AS A SOCIAL CLUB FOR 130 MEMBER FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATTONWOOD SWIM CLUB IS OPERATED AS A SOCIAL CLUB FOR 130 MEMBERS.
OPERATION OF SWIM LESSONS. (COLLECTION OF OUTSTANDING PAYMENTS AND EXPENSE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Nelson President | OfficerTrustee | 5 | $0 |
Junghee Pogue Treasurer | OfficerTrustee | 8 | $0 |
Heidi Baker Secretary | OfficerTrustee | 3 | $0 |
Jennifer Ledrick Membership | Trustee | 5 | $0 |
Kendra Han Communications | Trustee | 5 | $0 |
Kim Dare Operations And Swim Team | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,164 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,196 |
| Total Program Service Revenue | $124,706 |
| 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 | $994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,896 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,787 |
| 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 | $6,177 |
| Advertising and promotion | $0 |
| Office expenses | $33,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,064 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $233,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,426 |
| Savings and temporary cash investments | $24,811 |
| 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 | $480,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,670 |
| Total assets | $569,681 |
| Accounts payable and accrued expenses | $34 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $230,671 |
| Total liabilities | $230,705 |
| 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 | $338,976 |
| Total liabilities and net assets/fund balances | $569,681 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Strattonwood Swimming Club has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Oneredmond Redmond, WA PURPOSE: COVID-19 ASSISTANCE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Seattle Metropolitan Aquatic Club Smac Seattle, WA | $884,255 | $1,782,098 |
United Catcher Boats Seattle, WA | $475,180 | $1,731,610 |
View Ridge Swim And Tennis Club Inc Seattle, WA | $3,724,944 | $1,441,409 |
Sammamish Rowing Association Redmond, WA | $4,776,054 | $1,351,994 |
Issaquah Swim Team Association Issaquah, WA | $1,210,423 | $1,327,015 |
Lake Oswego Swim Club Lake Oswego, OR | $414,917 | $727,237 |
Arbor Heights Swim Club Inc Seattle, WA | $1,525,580 | $677,128 |
Whitewater Aquatics Management Seattle, WA | $197,555 | $544,677 |
Innis Arden Swim Club Shoreline, WA | $1,906,549 | $769,141 |
Usa Swimming Inc Auburn, WA | $927,564 | $338,583 |