Marlins Of Raleigh
- Assets
- $880.9k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 50
- Location
- Raleigh, NC
- Founding
- 03/2001
- Data as of
- 08/2023
- EIN
- 30-0050977
Organization Overview
Marlins Of Raleigh is located in Raleigh, NC. The organization was established in 2001. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Marlins Of Raleigh employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marlins Of Raleigh 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 08/2023, Marlins Of Raleigh generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING CHAMPION ATHLETES AND CITIZENS THROUGH COMMITMENT TO EXCELLENCE IN SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR YEAR-ROUND COMPETITIVE PROGRAM HAS APPROXIMATELY 575 SWIMMERS WITH APPROXIMATELY 400 PARTICIPATING IN SWIM MEETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Silver President, Executive Dir. | OfficerTrustee | 40 | $91,449 |
Caroline Silver Secretary | OfficerTrustee | 4 | $0 |
Jessie Blalock Treasurer | OfficerTrustee | 2 | $0 |
Matthew Schade Vice President | OfficerTrustee | 2 | $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 | $6,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,608 |
| Total Program Service Revenue | $2,120,519 |
| Investment income | $3,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $138,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$60,414 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,245,856 |
| 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. | $93,122 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,412 |
| Pension plan accruals and contributions | $5,355 |
| Other employee benefits | $41,864 |
| Payroll taxes | $56,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,950 |
| Advertising and promotion | $25,089 |
| Office expenses | $68,206 |
| Information technology | $6,321 |
| Royalties | $0 |
| Occupancy | $68,194 |
| Travel | $51,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,799 |
| Insurance | $25,420 |
| All other expenses | $68,460 |
| Total functional expenses | $2,332,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,825 |
| Savings and temporary cash investments | $439,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,209 |
| 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 | $287,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $56,237 |
| Other assets | $0 |
| Total assets | $880,938 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $180,219 |
| 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 | $139,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,709 |
| Total liabilities | $323,567 |
| 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 | $557,371 |
| Total liabilities and net assets/fund balances | $880,938 |