Best Swim Club Inc
- Assets
- $424.9k
- Revenue
- $838.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Paradise Valley, AZ
- Founding
- 06/2010
- Data as of
- 08/2022
- EIN
- 26-3947133
Organization Overview
Best Swim Club Inc is located in Paradise Valley, AZ. The organization was established in 2010. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Best Swim Club Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best Swim 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, Best Swim Club Inc generated $838.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $828.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. 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
COMPETITIVE SWIM TEAM AND SWIM TRAINING CENTER, OFFERING LEARN TO SWIM, RECREATIONAL SWIM TEAM, COMPETITIVE SWIM TEAM, MASTERS SWIMMING WITH RELATED SPORTS, FITNESS AND AQUATICS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE SWIM TEAM AND TRAINING PROGRAMS, INCLUDING AGE GROUP, SENIOR AND MASTERS SWIMMING, WITH COMPETITION THROUGH AFFILIATIONS WITH USA SWIMMING AND UNITED STATES MASTERS SWIMMING. APPROXIMATELY 350 TO 400 ATHLETES TRAIN ON A YEAR ROUND BASIS IN NINE DIFFERENT GROUPS, PLUS ADDITIONAL ATHLETES IN THE OUTSIDE GROUPS LISTED IN 4C BELOW.
SWIM MEET REVENUE - BEST SWIM CLUB, DBA PHOENIX SWIM CLUB HOSTED MORE THAN 20 MEETS IN 2022, INCLUDING MEETS FOR USA SWIMMING, UNITED STATES MASTERS SWIMMING, ARIZONA INTERSCHOLASTIC ASSOCIATION, THE NCAA AND A COMMUNITY RECREATION PROGRAM. ATHLETE PARTICIPATION IN THESE MEETS RANGED FROM 150 TO 900 SWIMMERS, DEPENDING ON THE MEET. NATIONAL (MASTERS), STATE AND MEET RECORDS WERE SET IN THIS POOL FACILITY DURING 2022.
FACILITY USAGE FEES - BEST SWIM CLUB USES MOST OF THE DAILY WATER TIME FOR ITS OWN TRAINING GROUPS, BUT MAXIMIZES USE OF THE FACILITY BY OPENING THE POOLS TO OUTSIDE TRAINING GROUPS THROUGHOUT THE YEAR. THE OUTSIDE GROUPS PAY FACILITY USAGE FEES THAT HELP DEFRAY THE OPERATING EXPENSE OF THE POOLS AND GROUNDS WHICH IS REPORTED AS OCCUPANCY EXPENSE IN PART IX, LINE 16. NO SPECIFIC EXPENSE ALLOCATION HAS BEEN ASSIGNED TO THIS EXEMPT PURPOSE ACHIEVEMENT AS THE AMOUNT IS INCLUDED IN PART III, LINE 4A ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darian Townsend Director & C | Trustee | 40 | $83,567 |
Sandra Lee Director & S | OfficerTrustee | 40 | $53,015 |
John Anson Director & T | OfficerTrustee | 1 | $0 |
Brett Joswiak Director & P | OfficerTrustee | 1 | $0 |
Kim Mcclure Director & V | OfficerTrustee | 1 | $0 |
Charlie Shields Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $526,024 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,703 |
| Total Program Service Revenue | $300,261 |
| Investment income | $1 |
| 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 | $2,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $838,245 |
| 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. | $136,582 |
| Compensation of current officers, directors, key employees. | $53,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,326 |
| Payroll taxes | $26,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257,835 |
| Travel | $9,196 |
| 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 | $14,996 |
| Insurance | $10,026 |
| All other expenses | $0 |
| Total functional expenses | $828,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,874 |
| Savings and temporary cash investments | $5,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,908 |
| 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 | $40,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $424,891 |
| Accounts payable and accrued expenses | $41,641 |
| 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 | $41,641 |
| Net assets without donor restrictions | $383,250 |
| 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 | $424,891 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Best Swim Club Inc has recieved totaling $7,925.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Foundation Colorado Springs, CO PURPOSE: CLUB RELIEF | $7,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Conference Colorado Springs, CO | $8,458,444 | $60,414,909 |
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Big West Conference Irvine, CA | $7,929,557 | $7,534,520 |
Reno Air Racings Association Inc Reno, NV | $901,025 | $5,151,361 |
Southern California Tennis Association Los Angeles, CA | $6,892,008 | $5,027,831 |
San Diego Bowl Game Association San Diego, CA | $2,382,848 | $1,680,512 |
Ute Conference Incorporated Salt Lake City, UT | $2,255,529 | $3,204,941 |
Federation Of International Lacrosse Colorado Springs, CO | $3,266,134 | $134,323 |
Usa Taekwondo Inc Colorado Springs, CO | $524,172 | $2,630,547 |
Utah Sports Commission Foundation Salt Lake City, UT | $18,438,050 | $3,736,716 |
Shoot The Puck Foundation Inc Fresno, CA | $1,640,190 | $2,525,508 |
Columbine-Lakewood Colorado Soccer Association Littleton, CO | $2,347,897 | $1,993,125 |