Coast Aquatics Inc
- Assets
- $74.0k
- Revenue
- $290.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Destin, FL
- Founding
- 01/2006
- Data as of
- 03/2024
- EIN
- 27-0096004
Organization Overview
Coast Aquatics Inc is located in Destin, FL. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coast 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 03/2024, Coast Aquatics Inc generated $290.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $290.3k during the year ending 03/2024. While expenses have increased by 1.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COAST AQUATICS IS A YEAR ROUND COMPETITIVE SWIMMING TEAM LOCATED ON FLORIDA'S SPECTACULAR EMERALD COAST WITH TRAINING SITES IN DESTIN, FORT WALTON BEACH, AND NICEVILLE. COAST AQUATICS IS COMMITTED TO OFFERING AREA SWIMMERS THE OPPORTUNITY TO SUCCEED IN THE SPORT OF SWIMMING AT WHATEVER LEVEL THEIR TALENT, DESIRE, AND DEDICATION WILL ALLOW. COAST AQUATICS OFFERS A COMPREHENSIVE TRAINING ENVIRONMENT ALLOWING SWIMMERS TO DEVELOP THEIR PHYSICAL FITNESS, DISCIPLINE, AND DRIVE IN A FASHION THAT WILL GREATLY ENHANCE THEIR LIVES BOTH NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING ATHLETES FOR COMPETITIVE SWIMMING. IN 2023, 200 ATHLETES PARTICIPATED.
ANNUAL BANQUET, SCHOLARSHIPS, AND OTHER PROGRAM SERVICES
HOSTING AND ATTENDING SWIM MEETS.
ANNUAL SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole Lang President | OfficerTrustee | 1 | $0 |
Julia Michel Vice President | OfficerTrustee | 1 | $0 |
Tavia Marez Secretary | OfficerTrustee | 1 | $0 |
Brandy Belue Treasurer | OfficerTrustee | 1 | $0 |
Anthony Breck Member At Large | OfficerTrustee | 1 | $0 |
Jeff Mcguirk Member At Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $234,308 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,381 |
| Total Program Service Revenue | $53,195 |
| Investment income | $0 |
| 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 | $15 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,777 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,504 |
| Advertising and promotion | $1,000 |
| Office expenses | $6,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,514 |
| Travel | $12,379 |
| 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 | $122 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,465 |
| Savings and temporary cash investments | $25,723 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $577 |
| Total assets | $73,964 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $73,964 |
| 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 | $73,964 |