Peak Swimming
- Assets
- $60.5k
- Revenue
- $242.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Saratoga, CA
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-2115706
Organization Overview
Peak Swimming is located in Saratoga, CA. The organization was established in 2010. 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 12/2021, Peak Swimming employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak 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 12/2021, Peak Swimming generated $242.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $333.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A NATIONALLY RECOGNIZED SWIM PROGRAM THAT NURTURES AND DEVELOPS ELITE SWIMMERS AT ALL LEVELS; EMPHASIZING INDIVIDUAL PROGRESS, TEAM UNITY AND FAMILY PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED YEAR ROUND SWIM TEAM PRACTICE TO THE LOCAL YOUTH COMMUNITY
THE SWIMMERS FROM PEAK ATTENDED MANY LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS. PEAK SWIMMERS ACHIEVED OUTSTANDING RESULTS FROM THE FOLLOWING MEETS: NCAA DI, & DII CHAMPIONSHIPS USA SWIMMING FUTURE OF CHAMPIONS CALIFORNIA STATE CHAMPIONSHIPS THE USA SWIMMING JUNIOR NATIONAL CHAMPIONSHIPS THE HUSKY INVITATIONAL USC INVITATIONAL WESTERN ZONE ALL-STARS NACC ALL-STARS
PEAK SWIMMING RANKED 78TH AMONG 200 USA SWIMMING CLUBS IN THE COUNTRY FOR THE CLUB EXCELLENCE PROGRAM BY USA SWIMMING DUE TO ITS "VOLUNTARY PROGRAM . . . TO IDENTIFY AND REWARD UP TO THAT HAVE ATTAINED A HIGH LEVEL OF ATHLETE PERFORMANCE AS WELL AS ORGANIZATIONAL SUCCESS."
FAR WESTERN CHAMPIONSHIPS JUNIOR OLYMPICS OUR SWIMMERS BROKE 7 PACIFIC SWIMMING RECORDS IN BOTH RELAYS AND INDIVIDUAL EVENTS. 4 SWIMMERS RANKED TOP 10 IN THE NATION IN THEIR AGE GROPUS PEAK WAS REWARDED AS A BRONZE MEDAL CLUB BY USA SWIMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Jin Treasurer | OfficerTrustee | 10 | $0 |
Yihua Li President | OfficerTrustee | 10 | $0 |
Bichun Liu Head Coach | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,932 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,932 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $90,227 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,650 |
| Fees for services: Accounting | $0 |
| 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 | $3,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,002 |
| Travel | $2,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $752 |
| Total functional expenses | $333,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,032 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$448 |
| 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 | -$93 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,491 |
| 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 | $159,450 |
| Total liabilities | $159,450 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$98,959 |
| Total liabilities and net assets/fund balances | $60,491 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Peak Swimming has recieved totaling $10,603.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
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