Usa Swimming Inc
- Assets
- $890.0k
- Revenue
- $241.8k
- Investments
- $462.6k
- Employees
- 1
- Location
- Port Jefferson, NY
- Founding
- 03/2006
- Data as of
- 08/2021
- EIN
- 31-1012827
Organization Overview
Usa Swimming Inc is located in Port Jefferson, NY. The organization was established in 2006. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. USA 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 08/2021, USA Swimming Inc generated $241.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $371.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, USA Swimming Inc has awarded 24 individual grants totaling $146,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, INSTRUCT & DEVELOP INDIVIDUALS IN ALL AGE & ABILITY LEVELS TO IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING, PROMOTE DIVERSITY IN THE MEMBERSHIP AND PROVIDE OPPORTUNITIES TO SWIMMERS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
METROPOLITAN SWIMMING HOLDS MEETS AND OTHER EVENTS TO PROMOTE, DEVELOP AND IMPROVE COMPETITIVE SWIMMING. METRO HAS OVER 10,000 REGISTERED ATHLETES PARTICIPATING ON MORE THAN 80 CLUBS. COMPETITION IS AVAILABLE FOR ALL ABILITY LEVELS FROM NOVICE TO NATIONAL CHAMPIONSHIP.
METROPOLITAN SWIMMING PROMOTES COMPETITIVE SWIMMING THROUGH A VARIETY OF ADDITIONAL PROGRAMS. METRO PROVIDES TRAVEL STIPENDS TO SWIMMERS QUALIFYING AT THE NATIONAL LEVEL, SPONSORS A CLUB EXCELLENCE AND DIVERSITY PROGRAM AND PROVIDES TRAINING FOR OFFICIALS AND COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Fleckenstein Treasurer/admin Manager | OfficerTrustee | 10 | $73,333 |
Monique Grayson Secretary | OfficerTrustee | 10 | $2,500 |
Dom Boccio Administrative Vice Chair | OfficerTrustee | 10 | $0 |
Allen Wone Finance Vice Chair | OfficerTrustee | 5 | $0 |
Eric Fisher General Chair | OfficerTrustee | 20 | $0 |
Don Wagner Senior Vice Co-Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,625 |
| Total Program Service Revenue | $212,372 |
| Investment income | $11,905 |
| 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 | $241,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,000 |
| Grants and other assistance to domestic individuals. | $104,332 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,773 |
| Compensation of current officers, directors, key employees. | $75,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,880 |
| Advertising and promotion | $0 |
| Office expenses | $12,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,097 |
| Travel | $17,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $399 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,754 |
| Insurance | $0 |
| All other expenses | $5,162 |
| Total functional expenses | $371,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,959 |
| Savings and temporary cash investments | $215,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,326 |
| 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 | $20,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $462,572 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $889,989 |
| Accounts payable and accrued expenses | $49,913 |
| Grants payable | $0 |
| Deferred revenue | $325 |
| 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 | $15,625 |
| Other liabilities | $0 |
| Total liabilities | $65,863 |
| Net assets without donor restrictions | $824,126 |
| 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 | $889,989 |
Grants Awarded
Over the last fiscal year, Usa Swimming Inc has awarded $23,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LONG ISLAND AQUATIC CLUB PURPOSE: SUPPORT CLUB EFFORTS TO DEVELOP SWIMMING | $16,100 |
New York, NY PURPOSE: SUPPORT CLUB EFFORTS TO DEVELOP SWIMMING | $7,700 |
Endowment Analysis
| Beg. Balance | $13,189 |
| Ending Balance | $13,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |