Sigma Performance Swimming
- Assets
- $336.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 103
- Location
- Fort Worth, TX
- Founding
- 12/2009
- Data as of
- 08/2021
- EIN
- 27-0297684
Organization Overview
Sigma Performance Swimming is located in Fort Worth, TX. The organization was established in 2009. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Sigma Performance Swimming employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Performance Swimming 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 08/2021, Sigma Performance Swimming generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $1.3m during the year ending 08/2021. While expenses have increased by 16.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH AQUATIC PROGRAMS IN THE COMMUNITY INCLUDING SWIM LESSONS, WATER SAFETY AND DROWNING PREVENTION. YOUTHS DEVELOPING A COMPETITIVE SWIM TEAM WHICH RECEIVES LOCAL, REGIONAL, STATE AND NATIONAL TITLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM INSTRUCTION AND COACHING FOR COMPETITIVE EVENTS AND WATER SAFETY INCLUSIVE OF GENERAL MANAGEMENT OF THE PROGRAM.
PROVISION OF FACILITIES APPROPRIATE IN DEVELOPING SWIMMING AND COMPETITIVE SKILLS THROUGHOUT THE GEOGRAPHIC AREA CENTERED AROUND FORT WORTH TEXAS.
SWIM EVENTS TO ENCOURAGE YOUTHS IN THE ART OF FAIR COMPETITION AND REACHING PERSONAL AND TEAM GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ha Chairman/president | OfficerTrustee | 40 | $272,000 |
Karen Stinchcomb Treasurer | OfficerTrustee | 30 | $59,500 |
James Ha Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,700 |
| 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 | $18,961 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,366,360 |
| Statement of Expenses | |
|---|---|
| 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. | $331,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $571,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $509 |
| 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 | $8,464 |
| Advertising and promotion | $1,116 |
| Office expenses | $5,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,700 |
| Travel | $1,073 |
| 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 | $8,790 |
| All other expenses | $0 |
| Total functional expenses | $1,316,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,813 |
| Savings and temporary cash investments | $150,000 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,813 |
| Accounts payable and accrued expenses | $71,798 |
| 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 | $296,059 |
| Other liabilities | $0 |
| Total liabilities | $367,857 |
| 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 |
| Total liabilities and net assets/fund balances | -$31,044 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Performance Swimming has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Trees Foundation Dallas, TX | $8,139,895 | $6,093,580 |
Datta Yoga Center Frisco, TX | $39,680,458 | $7,267,596 |
Fitlot Inc New Orleans, LA | $1,230,890 | $4,427,989 |
Road Runners Club Of America Metairie, LA | $439,853 | $1,644,210 |
Chancellors Family Center Houston, TX | $3,000,312 | $1,420,020 |
Sigma Performance Swimming Fort Worth, TX | $336,813 | $1,366,360 |
Fit Feat New Braunfels, TX | $1,605,303 | $1,468,066 |
Greater San Antonio After-School All Stars San Antonio, TX | $1,365,793 | $1,293,179 |
Crrc Of Canyon Lake Inc Canyon Lake, TX | $3,905,422 | $1,301,235 |
Kinetic Kids Inc San Antonio, TX | $978,066 | $1,408,485 |
Springdale Benevolent Foundation Springdale, AR | $2,342,056 | $947,504 |
Tulsa Route 66 Marathon Inc Tulsa, OK | $331,594 | $707,919 |