Pearland Aquatics Inc
- Assets
- $596.1k
- Revenue
- $646.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Pearland, TX
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1984635
Organization Overview
Pearland Aquatics Inc is located in Pearland, TX. The organization was established in 2008. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Pearland Aquatics Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearland Aquatics 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 12/2022, Pearland Aquatics Inc generated $646.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $563.5k during the year ending 12/2022. While expenses have increased by 4.1% 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
PEARLAND AQUATIC'S MISSION IS TO PROVIDE A SAFE AND SUPPORTIVE ENVIRONMENT, THROUGH THE SPORT OF SWIMMING, THAT ENCOURAGES GOOD SPORTSMANSHIP AND PROMOTES THE VALUE OF TEAMWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF PEARLAND AQUATICS (PEAK) IS TO HAVE ATHLETES COMPETING AT THE HIGHEST LEVELS OF LOCAL, REGIONAL, STATE, NATIONAL, AND INTERNATIONAL COMPETITION THROUGH THE TECHNICAL/PHYSICAL DEVELOPMENT OF OUR ATHLETES AND EDUCATIONAL DEVELOPMENT OF OUR COACHING STAFF, SUPPORTED BY A FISCALLY AND ORGANIZATIONALLY RESPONSIBLE BOARD OF DIRECTORS. IN 2022 APPROXIMATELY 250 YOUTH TOOK PART IN THE PROGRAM. IN 2022 PEAK RETURND TO ITS PRE-COVID LEVEL OF PROVIDING REGULAR SWIM INSTRUCTION. DURING THE YEAR PEAK ALSO SPONSORED SEVERAL MEETS. THESE INCLUDED A GULF CHAMPS MEET, A SWIM-A-THON EVENT, A SUMMER LEAGUE EVENT, A TRI MEET (WITH THREE COMPETING TEAMS), AND AN INTRASQUAD MEET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selva Mudalier President 7/ | OfficerTrustee | 5 | $0 |
Brett Cash Vice Pres 7/ | OfficerTrustee | 5 | $0 |
Karen Hurst Treasurer | OfficerTrustee | 5 | $0 |
Jayvee Tamang Secretary 7/ | OfficerTrustee | 5 | $0 |
Sara Orsi Board Member | Trustee | 5 | $0 |
Amy Bleyendaal Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,497 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,210 |
| Total Program Service Revenue | $604,841 |
| Investment income | $657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,721 |
| 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. | $31,680 |
| Compensation of current officers, directors, key employees. | $31,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,773 |
| Advertising and promotion | $0 |
| Office expenses | $1,759 |
| Information technology | $7,970 |
| Royalties | $0 |
| Occupancy | $47,055 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,627 |
| Insurance | $1,069 |
| All other expenses | $2,696 |
| Total functional expenses | $563,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,931 |
| Savings and temporary cash investments | $435,821 |
| 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 | $595 |
| Net Land, buildings, and equipment | $54,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $596,136 |
| Accounts payable and accrued expenses | $2,939 |
| 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 | $0 |
| Total liabilities | $2,939 |
| Net assets without donor restrictions | $593,197 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $596,136 |