Marlins Of Raleigh
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 66
- Location
- Raleigh, NC
- Founding
- 03/2001
- Data as of
- 08/2021
- 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 08/2021, Marlins Of Raleigh employed 66 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 08/2021, Marlins Of Raleigh generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.9m during the year ending 08/2021. While expenses have increased by 2.5% per year over the past 6 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
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 630 SWIMMERS WITH APPROXIMATELY 350 PARTICIPATING IN SWIM MEETS.
WE ALSO OFFER VARIOUS STROKE CLINICS THE FALL/WINTER SWIM LEAGUE AS WELL AS THE MOR IN MAY PROGRAM. THESE PROGRAMS TEACH PROPER STROKE TECHNIQUE IN A LEARNING ENVIRONMENT.
OUR YEAR-ROUND COMPETITIVE PROGRAM HAS APPROXIMATELY 630 SWIMMERS WITH APPROXIMATELY 350 PARTICIPATING IN SWIM MEETS.
WE ALSO OFFER VARIOUS STROKE CLINICS THE FALL/WINTER SWIM LEAGUE AS WELL AS THE MOR IN MAY PROGRAM. THESE PROGRAMS TEACH PROPER STROKE TECHNIQUE IN A LEARNING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Silver President, Executive Direc | OfficerTrustee | 40 | $78,313 |
Caroline Silver Secretary | OfficerTrustee | 4 | $0 |
Matthew Schade Vice President | OfficerTrustee | 2 | $0 |
Jessie Blalock Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,941 |
| Total Program Service Revenue | $1,900,885 |
| Investment income | $1,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,829 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,147 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,085,324 |
| 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. | $82,945 |
| Compensation of current officers, directors, key employees. | $16,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,523 |
| 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 | $282 |
| Advertising and promotion | $365 |
| Office expenses | $45,858 |
| Information technology | $7,460 |
| Royalties | $0 |
| Occupancy | $27,554 |
| Travel | $21,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,799 |
| Insurance | $18,675 |
| All other expenses | $75,532 |
| Total functional expenses | $1,864,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,212 |
| Savings and temporary cash investments | $381,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,486 |
| 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 | $351,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $69,921 |
| Other assets | $0 |
| Total assets | $1,167,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $323,778 |
| 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 | $207,177 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,234 |
| Total liabilities | $533,189 |
| 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 | $634,370 |
| Total liabilities and net assets/fund balances | $1,167,559 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marlins Of Raleigh has recieved totaling $5,492.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Inc Colorado Springs, CO PURPOSE: CLUB EXCELLENCE GRANT | $5,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cypress Of Raleigh Club Inc Raleigh, NC | $8,631,439 | $17,789,795 |
Path Foundation Inc Atlanta, GA | $7,941,143 | $9,456,940 |
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Commanderie De Bordeaux Inc Brentwood, TN | $1,195,478 | $1,296,061 |
Atlanta Hawks Foundation Inc Atlanta, GA | $602,957 | $362,500 |