Race Swami
- Assets
- $87.5k
- Revenue
- $203.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Salt Lake City, UT
- Founding
- 06/2011
- Data as of
- 12/2021
- 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 12/2021, Race Swami employed 14 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 12/2021, Race Swami generated $203.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $223.5k during the year ending 12/2021. While expenses have increased by 6.8% 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
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
RACE SWAMI EMERGED FROM COVID19 SHUTDOWNS BY QUALIFYING SWIMMERS FOR: - UTAH LONG COURSE STATE CHAMPIONSHIPS - BEEHIVE FINALE AGE GROUP CHAMPIONSHIPS - SPEEDO FAR WESTERNS REGIONAL?CHAMPIONSHIPS - USA SWIMMING'S SECTIONAL SERIES - AUSTIN,TX RACE SWAMI SELECTED AS ONE OF 12 USA SWIMMING PROGRAMS FOR THE COMMUNITY IMPACT GRANT. FOUR SWAMIS GRADUATED FROM LOCAL HIGH SCHOOLS - TWO STUDENT-ATHLETES ARE ATTENDING UNIVERSITY OF UTAH; ONE EACH ATTENDING UTAH STATE AND THE UNITED STATES NAVAL ACADEMY RACE SWAMI NAMED A DESIGNATED USA SWIMMING DIVERSITY, EQUITY, AND INCLUSION PROGRAM, THE ONLY SUCH ORGANIZATION FROM THE WESTERN STATES NAMED TO THE LIST (20 CLUBS TOTAL NATIONALLY). RACE SWAMI'S LEARN-TO-SWIM PROGRAM SERVED 93 CHILDREN, COUPLED WITH AN ADDITIONAL 45 CHILDREN IN PARTNERSHIP WITH THE NEIGHBORHOOD HOUSE, A WEST SIDE-BASED DAYCARE CENTER SERVING SIMILAR DEMOGRAPHICS RACE SWAMI HIT THE LOCAL MEDIA WITH A FEATURED ARTICLE IN THE SALT LAKE TRIBUNE, AS WELL AS A SOCIAL JUSTICE ADVOCACY TOPIC ON KRCL 90.9FM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Finnigan Executive Di | OfficerTrustee | 40 | $65,000 |
Grady Johnson Treasurer | OfficerTrustee | 1 | $0 |
Angie Harris Roberts Board Presid | OfficerTrustee | 1 | $0 |
Jorge Fierro Director | Trustee | 1 | $0 |
Pam Chamberlain Director | Trustee | 1 | $0 |
Sheila Dixon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,289 |
| Total Program Service Revenue | $57,401 |
| Investment income | $8 |
| 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 | $203,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $6,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $905 |
| Advertising and promotion | $0 |
| Office expenses | $1,936 |
| Information technology | $8,147 |
| Royalties | $0 |
| Occupancy | $54,986 |
| Travel | $0 |
| 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 | $478 |
| All other expenses | $687 |
| Total functional expenses | $223,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,152 |
| Savings and temporary cash investments | $79,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,085 |
| 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 | $87,503 |
| Accounts payable and accrued expenses | $9,247 |
| 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 | $9,247 |
| Net assets without donor restrictions | $78,256 |
| 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 | $87,503 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Race Swami has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Mccarthey Family Foundation Salt Lake City, UT PURPOSE: PROGRAM FUNDING | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gorongosa Project Inc Idaho Falls, ID | $3,847,496 | $13,001,968 |
Helping Ourselves Pursue Enrichment Inc Tucson, AZ | $6,867,113 | $8,019,048 |
Ear Foundation Of Arizona Phoenix, AZ | $629,061 | $726,252 |
Foundation For Womens Leadership & Empowerment Las Vegas, NV | $1,784,631 | $597,008 |
Institute For A Progressive Nevada Henderson, NV | $576,578 | $806,514 |
Great Leaders Strong Schools Phoenix, AZ | $143,622 | $781,161 |
Roaring Fork Gay & Lesbian Community Fund Aspen, CO | $304,773 | $727,827 |
Weber Pathways Ogden, UT | $1,950,874 | $901,622 |
Trails And Open Space Coalition Colorado Springs, CO | $401,439 | $402,982 |
Bring Our Troops Home Inc Meridian, ID | $11,316 | $326,030 |
Colorado Campaign For Inclusive Excellence Denver, CO | $42,661 | $287,440 |
One Community Action Inc Phoenix, AZ | $270,186 | $491,650 |