Race Swami
- Assets
- $38.5k
- Revenue
- $178.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Salt Lake City, UT
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-4648408
Organization Overview
Race Swami is located in Salt Lake City, UT. The organization was established in 2011. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Race Swami employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Race Swami 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, Race Swami generated $178.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $187.6k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER A TUMULTUOUS 2020-21 DUE TO THE PANDEMIC THAT RESULTED IN FACILITY CLOSURES, RACE SWAMI RESUMED IT'S PRE-PANDEMIC STRIDE BY SERVING FAMILIES IN NUMEROUS CAPACITIES-FROM THE POOL TO THE CLASSROOM. RACE SWAMI SERVED A RECORD 176 CHILDREN WITH THE NEWLY EXPANDED SWAMI SWIM SCHOOL, OFFERING AT-RISK, LOW INCOME CHILDREN RANGING IN AGES 2 TO 14 FREE SWIMMING LESSONS. ALL TOLD, IT WAS AN EXCITING YEAR FOR THE PROGRAM, CONTINUING ITS MISSION IN OFFERING QUALITY COACHING AND LIFE-CHANGING MENTORSHIP. 2023 WILL BE RACE SWAMI'S 12TH YEAR SERVING THE COMMUNITIES OF THE WESTSIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Finnigan Executive Di | OfficerTrustee | 40 | $54,167 |
Jill Dahle Bennett Director | Trustee | 0.25 | $0 |
Pam Chamberlain Vice Preside | OfficerTrustee | 0.25 | $0 |
Sheila Dixon Board Presid | OfficerTrustee | 0.25 | $0 |
Jorge Fierro Director | Trustee | 0.25 | $0 |
Grady Johnson Treasurer | OfficerTrustee | 0.25 | $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 | $158,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,364 |
| Total Program Service Revenue | $19,998 |
| Investment income | $37 |
| 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 | $178,399 |
| 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. | $54,167 |
| Compensation of current officers, directors, key employees. | $5,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,513 |
| Office expenses | $4,126 |
| Information technology | $3,932 |
| Royalties | $0 |
| Occupancy | $29,038 |
| Travel | $2,721 |
| 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 | $559 |
| All other expenses | $682 |
| Total functional expenses | $187,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,457 |
| Savings and temporary cash investments | $31,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,311 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,542 |
| Accounts payable and accrued expenses | $6,834 |
| 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 | $6,834 |
| Net assets without donor restrictions | $3,557 |
| Net assets with donor restrictions | $28,151 |
| 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 | $38,542 |