Friends Of Lopez Island Pool
- Assets
- $4.9m
- Revenue
- $451.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lopez Island, WA
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 26-2079787
Organization Overview
Friends Of Lopez Island Pool, operating under the name Flip, is located in Lopez Island, WA. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flip 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 12/2023, Flip generated $451.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $192.1k during the year ending 12/2023. While expenses have increased by 36.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRING GREATER HEALTH, WATER SAFETY AND COMMUNITY TO THE PEOPLE OF SAN JUAN COUNTY BY BUILDING THE COUNTY'S ONLY COMMUNITY AND FULLY ACCESSIBLE POOL. IT WILL SERVE ALL AGES WITH EXERCISE, AQUA-THERAPY, LEARN-TO-SWIM AND WATER SAFETY CLASSES, EMERGENCY MEDICAL SERVICES TRAINING, FAMILY (AND ISLAND VISITOR) RECREATION, AND STUDENT PROGRAMS AND SWIM TEAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLIP'S VISION IS TO HAVE A SAFE, SECURE PLACE FOR OUR CHILDREN TO LEARN TO SWIM; FOR ALL AGES TO HAVE AN ACCESSIBLE POOL FOR RECREATION, EXERCISE, AND WATER THERAPY; AND FOR SAN JUAN COUNTY TO HAVE A SAFER, HEALTHIER, AND MORE CONNECTED COMMUNITY WITH AN IMPROVED QUALITY OF LIFE. THE LOPEZ ISLAND SWIM CENTER WILL PROVIDE WATER THERAPY, REHABILITATION, SWIM LESSONS, EMT WATER RESCUE TRAINING, LIFEGUARD TRAINING AND COMMUNITY ACTIVITIES. SAN JUAN COUNTY RESIDENTS OF ALL ABILITIES AND AGES, FROM INFANTS TO SENIORS, WILL BENEFIT FROM THE SWIM CENTER'S YEAR-ROUND PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Le Drew President | OfficerTrustee | 7 | $0 |
Tom Digiorgio Treasurer | OfficerTrustee | 7 | $0 |
Micki Ryan Secretary | OfficerTrustee | 3 | $0 |
Linda Barton Board Member | Trustee | 1 | $0 |
Robin Bergstrom Board Member | Trustee | 3 | $0 |
Matt Newman Board Member | 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 | $390,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,584 |
| Total Program Service Revenue | $0 |
| Investment income | $61,158 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,742 |
| 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. | $82,335 |
| Compensation of current officers, directors, key employees. | $35,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $84,307 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $452 |
| Office expenses | $5,189 |
| Information technology | $2,041 |
| Royalties | $0 |
| Occupancy | $3,810 |
| 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 | $0 |
| Insurance | $2,161 |
| All other expenses | $0 |
| Total functional expenses | $192,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,196 |
| Savings and temporary cash investments | $2,715,027 |
| Pledges and grants receivable | $219,417 |
| 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 | $1,762,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,072 |
| Total assets | $4,932,044 |
| Accounts payable and accrued expenses | $36,946 |
| 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 | $5,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,946 |
| Net assets without donor restrictions | $4,379,848 |
| Net assets with donor restrictions | $510,250 |
| 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 | $4,932,044 |