North Baltimore Aquatic Club Inc
- Assets
- $609.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Towson, MD
- Founding
- 01/1973
- Data as of
- 08/2022
- 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 08/2022, North Baltimore Aquatic Club Inc employed 25 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 08/2022, North Baltimore Aquatic Club Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 2.1% per year over the past 7 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
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 | $106,319 |
Kevin Botsford President | OfficerTrustee | 3 | $0 |
John Kelly Dayton Treasurer | OfficerTrustee | 1 | $0 |
Barry Offutt Treasurer (part Year) | OfficerTrustee | 1 | $0 |
Annie Applegarth Member At Large | Trustee | 1 | $0 |
Jinji Fraser Member At Large (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,129 |
| Total Program Service Revenue | $1,018,435 |
| Investment income | $1,601 |
| 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 | -$3,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,525 |
| 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. | $106,319 |
| Compensation of current officers, directors, key employees. | $53,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,334 |
| Advertising and promotion | $0 |
| Office expenses | $3,575 |
| Information technology | $2,827 |
| Royalties | $0 |
| Occupancy | $269,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,033 |
| Insurance | $9,199 |
| All other expenses | $14,724 |
| Total functional expenses | $1,111,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,254 |
| Savings and temporary cash investments | $402,117 |
| Pledges and grants receivable | $6,692 |
| 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 | $4,569 |
| Net Land, buildings, and equipment | $4,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,098 |
| Accounts payable and accrued expenses | $1,861 |
| Grants payable | $0 |
| Deferred revenue | $147,000 |
| 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 | $148,861 |
| 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 | $460,237 |
| Total liabilities and net assets/fund balances | $609,098 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that North Baltimore Aquatic Club Inc has recieved totaling $8,687.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $6,354 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 09/08/21 | $1,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 02/04/21 | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Endowment Analysis
| Beg. Balance | $152,769 |
| Earnings | -$21,314 |
| Admin Expense | $756 |
| Ending Balance | $130,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |
North Baltimore Aquatic Club Inc Towson, MD | $609,098 | $1,206,837 |
The Fish Swimteam Inc Fairfax, VA | $418,358 | $867,783 |
Highlands Swim And Tennis Club Inc Mclean, VA | $2,158,004 | $1,103,225 |
Usa Swimming Inc Appomattox, VA | $921,136 | $1,203,031 |
Forest Hill Swim Club Inc Ellicott City, MD | $874,185 | $822,025 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |