North Baltimore Aquatic Club Inc
- Assets
- $750.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Towson, MD
- Founding
- 01/1973
- Data as of
- 08/2024
- EIN
- 23-7115717
Organization Overview
North Baltimore Aquatic Club Inc is located in Towson, MD. The organization was established in 1973. 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 08/2024, North Baltimore Aquatic Club Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Baltimore Aquatic Club 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 08/2024, North Baltimore Aquatic Club Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.5m during the year ending 08/2024. While expenses have increased by 5.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH BALTIMORE AQUATIC CLUB LEADS THE NATION IN COMPETITIVE SWIMMING. OUR DILIGENTLY DESIGNED, PROFESSIONALLY COACHED AND INTERNATIONALLY RENOWNED PROGRAM ENCOURAGES THE DEVELOPMENT OF CHARACTER AND SELF-DISCIPLINE. THESE QUALITIES, FORGED BY THE COMBINATION OF CREATIVE IMAGINATION AND HARD WORK, FOCUS OUR ATHLETES ON THE DISCIPLINED PURSUIT OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COMPETITIVE SWIMMING INSTRUCTION AND OPPORTUNITIES FOR SWIMMERS AGE 6 TO 30 YEARS; PROVIDING SWIM LESSONS FOR THE COMMUNITY; AND REACHING A LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL LEVEL OF EXCELLENCE IN THE SWIMMING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Himes Ceo/head Coach | OfficerTrustee | 40 | $117,140 |
Tim Waire President | OfficerTrustee | 3 | $0 |
John Kelly Dayton Treasurer | OfficerTrustee | 1 | $0 |
Julia Gorman Member At Large | Trustee | 1 | $0 |
Lauren Mccomas Member At Large | Trustee | 1 | $0 |
Kevin Botsford Member At Large | Trustee | 1 | $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 | $24,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,428 |
| Total Program Service Revenue | $1,505,668 |
| Investment income | $1,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,015 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800 |
| 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. | $136,115 |
| Compensation of current officers, directors, key employees. | $68,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,426 |
| Pension plan accruals and contributions | $5,933 |
| Other employee benefits | $0 |
| Payroll taxes | $45,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $6,972 |
| Advertising and promotion | $200 |
| Office expenses | $2,131 |
| Information technology | $3,033 |
| Royalties | $0 |
| Occupancy | $250,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,510 |
| Insurance | $9,808 |
| All other expenses | $24,953 |
| Total functional expenses | $1,490,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,932 |
| Savings and temporary cash investments | $603,160 |
| Pledges and grants receivable | $35,777 |
| 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 | $1,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $125,500 |
| 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 | $0 |
| Total liabilities | $125,500 |
| 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 | $624,816 |
| Total liabilities and net assets/fund balances | $750,316 |