United States Masters Swimming Inc
- Assets
- $6.8m
- Revenue
- $4.2m
- Investments
- $416.4k
- Employees
- 18
- Location
- Sarasota, FL
- Founding
- 12/1984
- Data as of
- 12/2023
- EIN
- 31-0999051
Organization Overview
United States Masters Swimming Inc is located in Sarasota, FL. The organization was established in 1984. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, United States Masters Swimming Inc employed 18 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. United States Masters Swimming Inc 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, United States Masters Swimming Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
U.S. MASTERS SWIMMING, FOUNDED IN 1970 AS A COMMITTEE OF THE AAU, IS A MEMBERSHIP-OPERATED NATIONAL GOVERNING BODY THAT PROMOTES HEALTH, WELLNESS, FITNESS, AND COMPETITION FOR ADULTS, THROUGH SWIMMING. IT DOES SO BY PARTNERING WITH MORE THAN 1,115 ADULT SWIM PROGRAMS ACROSS THE COUNTRY; PROVIDING EXCLUSIVE CONTENT VIA THE BIMONTHLY MEMBER MAGAZINE, SWIMMER, MONTHLY E-NEWSLETTERS, STREAMLINES, AND WEBSITE, USMS.ORG; AND BY SANCTIONING AND PROMOTING POOL, OPEN WATER, AND VIRTUAL EVENTS AND COMPETITIONS. MORE THAN 55,000 ADULTS ARE REGISTERED MEMBERS OF U.S. MASTERS SWIMMING.
Describe the Organization's Program Activity:
MEMBER SERVICES INCLUDE: EXCLUSIVE FITNESS AND HEALTH INFORMATION AND CONTENT IN SWIMMER MAGAZINE, 36 E-NEWSLETTERS, AND WEBSITE, SPECIAL MEMBERS-ONLY CONTENT INCLUDING WORKOUTS WRITTEN FOR ALL TYPES OF SWIMMERS. THE USMS DISCUSSION FORUMS HAVE 39,000+ USERS, AND USMS ONLINE FITNESS LOGS HAVE 10,000+ USERS. SUPPLEMENTAL INSURANCE COVERAGE IS PROVIDED FOR MEMBERS AND EVENT HOSTS DURING WORKOUTS, CLINICS, AND COMPETITIONS. MEMBERS ARE ALSO ELIGIBLE TO RECEIVE SPECIAL OFFERS, DISCOUNTS, AND BENEFITS FROM USMS SPONSOR PARTNERS. THE SWIMMING SAVES LIVES FOUNDATION, THE CHARITABLE ARM OF USMS, HAS AWARDED MORE THAN $740,000 IN GRANTS AND RESOURCES TO PROGRAMS THAT ARE PROVIDING ADULT LEARN-TO-SWIM OPPORTUNITIES. MORE THAN 8,650 ADULTS HAVE BENEFITED FROM LESSONS TAUGHT BY OUR PROGRAM PARTNERS. CCS IS THE COLLECTIVE ORGANIZATION THAT UNIFIES COLLEGE CLUB SWIM PROGRAMS ACROSS THE COUNTRY. CCS PROVIDES THE RULES, CALENDAR OF EVENTS, RESULTS DATABASE, AND COMMUNICATIONS ACROSS ALL REGISTERED CCS CLUBS. IT'S RUN BY AN ADVISORY BOARD OF CCS SWIMMERS AND SUPPORTED BY USMS AND 3900+ MEMBERS.
GROWN UP SWIMMING IS A SUMMERTIME ADULT SWIM LEAGUE, OFFERING A FUN WAY FOR ADULTS TO GET INTO SWIMMING AFTER HIGH SCHOOL OR COLLEGE.
EDUCATION SERVICES INCLUDE: CLUB DEVELOPMENT AND SUPPORT BY USMS STAFF AND COACHES TO ASSIST CLUBS AND POTENTIAL CLUBS IN EXPANDING OR STARTING NEW PROGRAMS IN THEIR COMMUNITIES. MARKETING RESOURCES ARE PROVIDED AT LOW OR NO COST TO CLUBS AND COACHES. USMS MAINTAINS ITS OWN COACH CERTIFICATION PROGRAMS IN PERSON AND ONLINE. USMS ALSO TEACHES AN ADULT-LEARN-TO SWIM INSTRUCTOR PROGRAM AND STROKE CLINICS.
EVENTS INCLUDE: STRUCTURE, SUPPORT, RECOGNITION, AND COMMUNICATION SERVICES FOR SWIMMING COMPETITIONS AND EVENTS, INCLUDING SPRING AND SUMMER NATIONALS, OPEN WATER SWIMS, LONG DISTANCE POOL SWIMS, COLLEGE CLUB NATIONALS, FITNESS EVENTS, AND VIRTUAL COMPETITIONS. EVENT RESULTS, INCLUDING TOP 10 TIMES AND RECORDS, ARE TRACKED AT USMS.ORG. INSURANCE COVERAGE FOR EVENT HOSTS AND VOLUNTEERS IS PROVIDED, AS WELL AS MARKETING AND PRODUCT SUPPORT, INTERNET BROADCAST OF THE COMPETITIONS, AND AWARDS. IN-PERSON EVENTS WERE RESUMED AS MUCH AS POSSIBLE IN 2021 AFTER COVID-19 RESTRICTIONS AND CONTINUED WITH NATIONAL VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lowry Dawson Hughes IV CEO | Officer | 40 | $298,140 |
Kyle B Deery Cmo | Officer | 40 | $136,243 |
William Edward Brenner Jr Sr. Director | 40 | $127,541 | |
Gary Keehner Controller | 40 | $135,705 | |
Jonathan Dewitt Eckert Sr. Director | 40 | $116,243 | |
Jessica Reilly Sr. Director | 40 | $112,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Codewolf Llc It Planning, Implementation & Support | 12/30/22 | $138,010 |
Terry Miller Llc Consulting | 12/30/22 | $109,399 |
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 | $311,902 |
| Noncash contributions included in lines 1a–1f | $34,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,902 |
| Total Program Service Revenue | $3,609,233 |
| Investment income | $128,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,172,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,200 |
| 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. | $473,798 |
| Compensation of current officers, directors, key employees. | $114,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,109,202 |
| Pension plan accruals and contributions | $40,683 |
| Other employee benefits | $124,157 |
| Payroll taxes | $168,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,342 |
| Fees for services: Accounting | $29,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,921 |
| Fees for services: Other | $139,352 |
| Advertising and promotion | $161,220 |
| Office expenses | $177,741 |
| Information technology | $438,666 |
| Royalties | $0 |
| Occupancy | $112,778 |
| Travel | $311,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143,894 |
| Interest | $1,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,393 |
| Insurance | $413,332 |
| All other expenses | $0 |
| Total functional expenses | $4,559,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,808 |
| Savings and temporary cash investments | $591,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,853 |
| 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 | $264,748 |
| Net Land, buildings, and equipment | $817,835 |
| Investments—publicly traded securities | $3,783,390 |
| Investments—other securities | $416,399 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,000 |
| Total assets | $6,796,706 |
| Accounts payable and accrued expenses | $568,094 |
| Grants payable | $0 |
| Deferred revenue | $1,936,022 |
| 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 | $300,673 |
| Total liabilities | $2,804,789 |
| Net assets without donor restrictions | $2,995,615 |
| Net assets with donor restrictions | $996,302 |
| 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 | $6,796,706 |
Grants Awarded
Over the last fiscal year, United States Masters Swimming Inc has awarded $48,928 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS LMSC PURPOSE: COVID-19 RELIEF FUNDING - MATCHING GRANT | $6,980 |
PACIFIC LMSC PURPOSE: COVID-19 RELIEF FUNDING - MATCHING GRANT | $30,172 |
SOUTHERN PACIFIC LMSC PURPOSE: COVID-19 RELIEF FUNDING - MATCHING GRANT | $11,776 |